OFM Investment Group Limited is has its historical beginnings from some 22 years ago when the Over 50s Friendly Society established in 1980.
The friendly society business experienced dramatic growth by providing tax advantaged friendly society bonds, principally directed at persons over age 50 through the late 1980's and early 1990's. An alliance with Macquarie Bank together with OFM's own successful marketing and distribution enabled it to take advantage of the favourable taxation treatment available for friendly society bonds throughout that period.
OFM also undertook a number of mergers, the most notable of which was with the Mutual Friendly Society in March 2001 resulting in the expansion of the overall business activities and in particular growth in assets under management.
Today, OFM is a dynamic growing funds management business, and whilst friendly society bond products remain as its core business, it will also soon provide investment funds in property and mortgages and will continue to develop other investment funds for the market as opportunities arise. |
