Bermuda Investment Advisory Services Ltd (BIAS) has received a double accolade from magazines covering the financial services industry.

Captive Review magazine awarded BIAS the US Captive Services Award 2014 for Innovation in Investment Management. Selection criteria included innovation excellence in investment strategy, unique solutions and services, and exceptional performance tailored to individual client’s need and expectations.

In addition, the periodical Acquisition International chose the BIAS Global Dividend Income Fund as its 2014 Offshore Excellence Award Winner for Best Long-term Total Return Strategy. Through this award, Acquisition International recognises innovation, thought leadership, outstanding commitment to client services, forward thinking and client focused business ethic helping to transform the offshore industry during recent turbulent times.

“The Global Dividend Income Strategy was created to fill the absence of safe income generating investment vehicles during an extended period of quantitative easing by major central banks,” said BIAS chief executive officer Robert Pires.

“Studies have shown that investing in blue chip companies, which consistently increase their dividends over an extended period of time, provides a better total return on a risk-adjusted basis over the long term than what can be achieved by investing in a broad-based stock index.

“Of course the added benefit of our strategy is that the investor gets a reliable flow of income (approximately 2.2 per cent currently) in addition to the capital growth characteristic of stock indices.”

BIAS provides wealth management, wealth building, pension solutions and self-directed custody services in Bermuda and Cayman Islands.