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Expat Investor : March 2008
March 2008 EXPAT INVESTOR 15 JERSEY "We are active managers at Ashburton, which means that we do not spread assets across a broad range of different investments for the sake of it, nor do we create a portfolio that relies entirely on beating benchmarks, since that means when benchmarks on major indices go down, investors will lose money. Instead, we actively manage investors' money and to do this successfully we rely on our own tools of investment which we describe as the building blocks of our investment process." Mr Lucas sums up, "The techniques we use to actively manage portfolios are at the forefront of the modern investment industry, but it is a disciplined investment approach that we have relied upon at Ashburton for virtually all of our 24 years of operation. They are techniques which, combined with the flair, intellect and passion of our investment team, have ensured consistently impressive results in managing clients' wealth." Close Private Bank has made a name for itself offering international retirement planning solutions to expatriates. "The importance of portability, security and flexibility is critical in financial services especially if you live outside of your home country with the possibility of returning or if you have the potential to move from one country to the next," says the Bank. Close Private Bank Group believes itself to be one of the leading providers of wealth management solutions to facilitate mobility, provide tax efficiency and still ensure that the client retains control of his or her monies without any access restrictions, redemption penalties or onerous costs. Close Opes is the Bank's award- winning international retirement and saving solution product. With a minimum annual contribution of £6000, Close Opes offers a full range of investment programmes ($, £ & ) from cautious to growth, inclusive of an absolute return investment strategy or managed cash for the very risk-averse. Other key benefits include: No cap on contributions. No penalties to stop, restart or amend contributions. Interchangeable benefit options including lump sum withdrawals, life or annuity certain options. Plan subdivision for enhanced tax efficiency. Pre-approved loan or credit facilities. International portability. Tax benefits on growth and income. Sophisticated estate planning options. Access via a gold VISA card. The return of unused annuity capital to the plan or your beneficiaries. The Bank gives an assurance that Opes' structure gives each client the ability to tailor the plan to suit their needs, both pre- and post retirement, and manage the transfer of wealth to future generations without the costs associated with private trusts or the inflexibility of certain life products. And, finally, by way of example of what a retail bank can do for your wealth aspirations, here Mike Dixon, Senior Product Manager with NatWest International, explains how it advises and assists a client with £150,000 or more to invest. "When you approach NatWest Offshore's Independent Financial Advisor team, you won't be sketching out your future on the back of an envelope. It'll be rather more substantial than that. Our approach to investment is to find out where you want to be in the years to come, and to help you realise your ambition of getting there. "At your convenience, you'll talk to one of our qualified and highly Fast Facts 33007 categories, ranging from structured deposit products, cash funds, bonds, property funds, UK and international equity funds. And if you know the area you want to invest in, our advisor will find specialist funds that meet your requirements. The solutions are 'best in class'. They're sourced from a large selection of banks, insurance companies and investment houses and benchmarked against their competitors. "We then choose the best in the market. We may recommend our own products; perhaps a NatWest Offshore limited offer structured deposit product, which offers the potential rewards of stockmarket growth, capital security and a guaranteed minimum return at maturity. Whichever solution we recommend, you can be certain these products are chosen only if they meet your needs, not ours. "The advice is free, with no obligation. You won't have to deal with a range of people -- we are a one-stop shop for expatriates and we understand your time is precious. "Once we have talked, a written recommendation, risk profile and other relevant information follow in the post. You and your advisor discuss and refine the options at a later presentation and the investments are made -- the start of an excellent working partnership. You can ring your advisor any time to seek advice, review your investments and discuss your plans." experienced advisors, who will assess your short, medium and long-term ambitions. This is the key to selecting the right solutions, tailored to your individual needs. As a starter for ten, your advisor will pose a series of questions: Do you want growth, an income, or a combination of both? How long can you tie the money up?What is your approach to risk --low, medium or high? "We clearly and simply explain each risk category and, based on your answers, we work together on the best options. As part of The Royal Bank of Scotland Group, NatWest Offshore has access to a very wide range of products and services across the three risk
January February 2008