For those clients who manages their own portfolios the Bank charges an administration fee as quoted in the fee schedule for investment transactions. Yes, we ensure that you are kept informed of the returns on your portfolio because we believe that it is essential that you can assess the value we have provided to you as wealth managers. We ensure that you have the peace of mind that comes from being informed about your assets. In addition, your financial advisor will provide to you any other information you may find useful in evaluating the performance of your portfolio. Companies are used in a wide range of circumstances but generally to consolidate personal assets or for international business transactions.
Many structures involve both a trust and a company.
Yes, our in-house Trusts Division, which is managed by attorneys, is able to set up trusts and incorporate companies. We are also willing to act as Trustee for the trusts or nominee shareholders and directors for the companies. Generally in more complex structures, we utilize external legal counsel to ensure the effectiveness of the structure in achieving the client's objective. We incorporate offshore companies in conjunction with a major accounting firm, generally at no additional cost and without the client having to be involved. A properly worded trust deed will set out the powers, duties, and responsibilities of a Trustee, which if not followed will place a Trustee under significant liability to the Settlor and beneficiaries of a trust.