Arpico

Richard Pieris and Company (ARPICO), established in 1940, is one of Sri Lanka's largest conglomerates with expertise in manufacturing, engineering, retail, and plantation industries. It offers services in insurance, stock broking, financial services, and fund management. However, it is currently unregulated by oversight institutions.

Pros and Cons

Is ArpicoLegit?

No, Arpico lacks legal regulation from oversight institutions, which raises concerns about the company's operations and compliance with industry standards.

Services

Insurance: Provides a range of insurance products including endowment, term assurance, education, hospitalization, investment, group assurance, and loan protection plans.

Stock Broking: Delivers services such as online trading, investment advice, trade executions, margin trading, equity trading, and research.

Financial Services: Offers fixed deposits, savings deposits, leasing, hire purchase, term loans, and Islamic finance solutions.

Fund Management: Covers investment banking, private wealth management, fund management, corporate advisory, and tax & legal services.