IML commenced trading on January 1, 2004.

IML is a Securities Dealer licensed by the Financial Services Commission (FSC) in Jamaica. The company manages investments and provides advisory service in all aspects of wealth management.

Investors are required to complete an application form, provide a valid identification (Driver’s License, Passport or National Identification) and Tax Registration Number (TRN).

You should be at least eighteen years old.

The minimum amount is dependent on the type of investment.
The IML Tax Saver (long-term investment) requires a minimum investment of J$250,000 while the IML Investment Maximiser requires J$50,000, US$1,000, CDN$1,000 or ₤1,000.

Clients residing in Jamaica can make deposits at our offices or to our local account at any branch of National Commercial Bank. Clients residing overseas can make investments through Wachovia’s worldwide banking network.

While investments may be made in cash or cheques at the bank, we prefer cheque payments at our offices.

Your investment period commences immediately if your deposit is made by 11:30 a.m. on any day that we are open for business.

Yes. IML will provide you with an official receipt and a Contract Note outlining the terms and conditions of your investment.

Yes. IML provides investors with quarterly statements.

A penalty will be applied for breaking the contract. Your principal will be secured but the interest earned will be reduced.

IML offers long and short-term investments in Money Market Instruments, Local Registered Stocks, Treasury Bills and Repurchase Agreements.

Interest on investments attracts withholding tax. However, if you invest in the IML Tax Saver and your money remains invested for five years, withholding tax will not be deducted.

Interest is paid on maturity of your investment.

You can only borrow money from the company if you have investments with us.
As an investor, you can access a loan of up to 90% of the value of your investment, which IML will use as collateral.

Your investment is not covered under the Jamaica Deposit Insurance Scheme.
However, when you invest in Government Instruments your investment is backed by the State.

You cannot lose your investment.

This feature is not available now but we are working towards including it on our website.