Press Releases
British American introduces “Symphony” – A Comprehensive Financial Solution for Young Professionals
19 November 2007
NASSAU, November 19, 2007 – British American Financial continues to create new and innovative financial solutions with the announcement of its latest program, Symphony. Designed specifically for young professionals and college graduates, Symphony offers a wide range of financial products including a mortgage, life & health insurance, savings and investment vehicles and a credit card blended into one program.
Sen. Michael Halkitis CFA, Consultant - Financial Services & Investments
said “Recognizing the potential earnings of this often overlooked demographic, British American has created Symphony as a flexible way for young professionals to begin building their financial futures without the traditional, onerous requirements of most financial institutions”.
Young professionals who qualify for Symphony will become eligible to receive benefits under three classifications: Graduate Young Professionals (GYP), New Young Professionals (NYP) or Seasoned Young Professionals (SYP). All will benefit from the convenience of combining mortgage payments, car payments, insurance premiums and savings into one monthly payment, thereby allowing for more disposable income and eventual financial freedom. “We will revolutionize and demystify financial services for this segment. We’re very excited about this” Halkitis added.
Under the flexible terms of the Symphony Mortgage program, members will be able to purchase a home of their own or vacant land with an adjustable extended term mortgage that begins with low payments and adjusts as the member’s earnings increase. Speedy approvals and specially negotiated legal fees will make home ownership easier.
A choice of flexible Insurance products will offer immediate protection while a fixed-rate annuity offers a chance to build a nest-egg for the future. Symphony members can also take advantage of British American’s new family of Mutual Funds as part of their investment portfolio. The final element is the Symphony Credit Card. Symphony members will automatically receive a credit card, a necessity for young professionals who need to enhance their credit history and bring convenience to their busy lifestyles.
Bahamian owned since February 2007, British American Financial provides a full range of insurance and investment services including Mortgages, Financial & Retirement Planning, Annuities, Mutual Funds, Personal & Corporate Pension Plans, as well as Life & Health Insurance. Established in 1920, the Company operates three offices in Nassau including its head office at Independence Drive, and two branch offices on Rosetta St. and Carmichael Rd. Full service branches are also situated in Abaco, Exuma, and Freeport. The company also maintains a presence in all Family islands with a network of highly-trained career agents; thus generating greater value in customer services to the Bahamian public.
Symphony - PRESS RELEASE.doc ~32 KB 
