Trust & Fiduciary
Private Trust Companies
What We Offer
We understand the privilege and challenges of being trustees, in caring for the family’s wealth to ensure future generations will benefit. Working with multi-generational families is our core business and our passion.
We strive to ensure that our values are reflected in the work that we do for and with our families. This allows us to add value above and beyond the provision of basic services, including:
- Being able to analyse relevant and irrelevant factors and make difficult decisions in a timely manner
- Not being afraid to have difficult conversations with settlors, beneficiaries and advisors
- Considering all perspectives, particularly that of the family, when making fiduciary decisions
- Constantly learning from the work that we do and the families and advisors with whom we work
Trust & Fiduciary
The use of trusts in private wealth management can offer a wide range of benefits depending on the circumstances of the parties involved.
As a stand-alone arrangement or in conjunction with underlying companies, trusts can provide a flexible and effective mechanism to obtain an integrated and cost-effective solution to sophisticated clients, enabling delegation and co-ordination of key aspects of their financial and family affairs thereby addressing complex legal and fiscal issues.
Today’s wealthy families need dynamic partnership with advisors who will help them manage their wealth. The family office helps families achieve their goals while dealing with increased regulations, and complex issues of taxation, succession, distribution planning, education and charitable giving.
An important tool used by the family office is the trust. Assets will often be transferred to trusts (with underlying corporations for separation of various assets and liability consideration) as a means of facilitating the smooth transition from one generation to the next.
Other essential services of the family office include: evaluating life insurance needs, active coordination of legal/tax/accounting matters of business interests, financial reporting and audits, coordinating the purchase of non-financial assets and corporate governance reporting.
We draw on a powerful array of global resources to meet the complex needs of individuals and multi-generational families. As part of our Family Office Services, we can also deliver objective advice and customised services including:
Education and Governance
Helping families integrate effective decision-making into every aspect of their wealth structure and facilitate the transfer of both family assets and family values from one generation to the next.
Fiduciary and Administration
We take care of the day-to-day demands that significant wealth can impose by providing support in trust services, administration and reporting.
Private Trust Companies
We have considerable experience in establishing and maintaining private trust companies, offering a settlor the possibility of creating an independent trustee company with a discreet board tailored to suit the circumstances and requirements of the settlor and beneficiaries.
Private Trust Company structures are increasingly used in more sophisticated private wealth scenarios and often in connection with trusts holding significant family assets such as family companies. They are often structured to allow the family to be involved and retain a degree of involvement with the decision-making process and may also permit family members and advisors to take an active and direct role in the control and management of trusts affairs.
Our longstanding experience in providing trustee services for charitable and philanthropic structures is part of our core offering. Before we start, we listen and take the time to explore the family’s objectives and what is most meaningful to them. Once we have a full understanding, we work to put the best structure in place.
We appreciate that families often need support throughout the entire lifecycle of their philanthropy – from formulating their philanthropic mission, through strategy development, researching thematic needs and opportunities and those working to achieve them, implementing, monitoring, and reporting outcomes. We are committed to helping throughout the entire process. We have internal expertise and experience working with philanthropists around the world on their grantmaking programmes. Additionally, we support families through leveraging philanthropic capital by working with their investment managers to ensure that the endowment’s investment strategy supports their philanthropic mission and to find opportunities for prudent impact investments.
Philanthropy can unite generations. We help establish a governance structure that is aligned with best practices and facilitate the family working together to ensure that everyone’s voices are heard, and needs are met. Getting different generations involved and educating younger members of the family is key to driving sustainability of the foundation now and into the future.
We offer administration services tailored to meet clients’ needs and objectives, in consultation with their advisors.
Our team, together with a specialised network of firms, can offer the support and experience to cater to all types of companies across many jurisdictions including Bermuda, BVI, Guernsey, Jersey, Isle of Man, Bahamas and Cayman Islands.
We offer a comprehensive range of administration services, including:
- Company incorporation
- Reservation of formed companies maintained for convenience, if required
- Full administration services
- Provision of registered office and/or nominee services
- Provision of Directors
- Full company secretarial services including the maintenance and provision of statutory records and execution of statutory obligations
- Accounting services
We offer integrated and cost-effective bespoke solutions to sophisticated clients, enabling delegation and co-ordination of key aspects of their financial and family affairs, thereby addressing complex legal and fiscal issues.
We can provide services in relation to the creation and operation of limited partnerships, mutual funds, escrow agencies, nominee ownership and other structures and arrangements. We will work with professional advisors internationally to design and then implement individually-tailored offshore services.
In the event that advice cannot be obtained from your existing advisors, we have ready access to a wide range of highly experienced lawyers, accountants, tax advisors and other professional advisors in a wide range of jurisdictions from whom specialist advice can be obtained.