SOLOMON Stockbrokers Limited is one of the founder members of the Dar Es Salaam Stock Exchange (DSE). The Company is licensed as a Stockbroker / Dealer, Investment Adviser and Fund Manager by the Capital Markets and Securities Authority (CMSA). SOLOMON is also licensed as a Primary Dealer of Government Securities by the Bank of Tanzania. The Brokerage firm has established itself as a reliable and efficient member of the stock brokerage community at large.
SOLOMON provides professional services to a range of corporates, institutions, small and medium enterprises and retail investors with a throughput using CRDB. Our practices in Tanzania through CRDB Bank Plc Agency partnership work as a ‘one-stop shop’ across all geographies and businesses, providing seamless relationships to our customers. The combined resources of the professional staff of both institutions constitute a wealth of experience, expertise and knowledge of the Capital Market conditions.
The experience of our team enables local practices to draw on a wide range of skills and experience for a particular project, obtain information rapidly and share experiences with parties with the shared ambition to establish a business model unique in the context of Tanzania’s social and economic framework.
Since its incorporation in 1996, SOLOMON has gained experience in financial markets and has built a strong portfolio of clientele enjoying different types of products and services. The investor base ranges from institutional clients, a category that includes pension funds, insurance firms and agencies. The other category of our customer base is segmented into Private clients; high-net-worth individuals, discretionary managed accounts and exclusivity managed advisory services; while the Retail category is made up of individuals, families and retirees. The rest of our services such as Market Desk, Telephone/SMS/WhatsApp leverage technology for their deployment.
These experiential transactions have a throughput using CRDBs countrywide extensive branch network and its bespoke Custodian Services for local large transactions and foreign investors; including retail. It is worth mentioning, CRDB Bank Plc is our sole Agent and Custodian Bank.
The calibre of SOLOMON is supported by the latest in information technologies (Stock Broking Information System) and knowledge management. SOLOMON professionals have access to a wealth of technical and industry information through various resourceful affiliations, media and agency forms.