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Expat Investor : May June 2008
8 EXPAT INVESTOR ? May/June 2008 PRIVATE BANKING Rothschild’s Channel Islands operation provides a comprehensive range of banking services for private clients and professional intermediaries. Our wide range of services is focused on the preservation of wealth, the management of risk and a detailed understanding of each client’s needs. To open an account, you need to make a minimum initial deposit of £100,000 (or currency equivalent). Your dedicated account officer will discuss our private client services, which includes call, fixed, structured, dual currency and fiduciary deposit accounts. Also available are Visa debit and charge cards, sterling chequebooks, foreign exchange, 24-hour access to internet banking through ArrowOnline, international payments, standing orders and direct debits. Once you become a client you also have access to our execution only securities dealing and custody service with valuations of your portfolio available through ArrowOnline. Bespoke competitively priced credit facilities are available which cater for your needs as a private individual as well any trust or corporate structures. Loans, guarantees, standby letters of credit and a wide range of equity, fixed interest and mutual funds are accepted as security along with cash, commercial and residential property. Investment and trust services are provided through sister companies, starting from £500,000, involving strategic asset allocation advice to arrive at an optimal investment portfolio. In preserving the traditional values of personal service, we also embrace the opportunities that modern-day communications present. Increasingly, the benefit of new communications technology allows us to provide a wider range of choice in how you wish to communicate with us. This same technology also allows us to bring you the benefits of new products and services, alongside the traditional range that still forms the basis of our business. Wherever you are in the world, we ensure that you can take full advantage of an international private banking service that respects tradition and embraces the changing possibilities of the modern world. We recognise the importance of providing an ever-widening range of products, designed to ensure that you have the maximum opportunity to protect and grow your personal wealth. We also realise that your circumstances and needs change throughout your life and the services we offer have to adapt. C HRIS B LAMPIED Head of Banking, British Isles, RBC Wealth Management At RBC Wealth Management we have access to global expertise across the RBC Wealth Management network of offices. By understanding as much as possible about your financial goals and aspirations, we are able to build a strong relationship that provides you with choice-based personal financial advice that goes hand-in-hand with your needs. Our Executive Plus account has been designed to fulfil the international banking requirements of people with global lifestyles. This account offers online access, access to an RBC VISA Gold debit card and is available in the major world currencies. An Executive Plus account could help you make better use of your assets if you live or work overseas, travel frequently, have business interests or property in more than one country and have a minimum of £50,000/ US$100,000/ €100,000 or rounded currency equivalent to deposit into this account.* A fixed-term deposit account is an ideal place to hold cash for a defined period of time. As a fixed- rate product with low risk, it can be a straightforward growth alternative to investing. With a minimum of £50,000/US$100,000/ €100,000 or rounded currency equivalent deposited into this account, it can give you the opportunity to build your wealth without tying up your funds or taking higher risks sometimes associated with investing in markets. Upon starting your relationship with RBC Wealth Management, you will be assigned a dedicated relationship manager who will help agree a personal finance strategy designed to meet your current aspirations. Your relationship manager will then assess your financial requirements and introduce you to the range of solutions provided by the RBC Wealth Management network. Relationships, expertise and choice are the hallmarks of the RBC Wealth Management network. Relationships – we begin with a dedicated relationship manager who gains a thorough understanding of your financial needs and objectives, your family and business circumstances and your current financial arrangements. Expertise – your relationship manager can bring together a team of specialists that may include private bankers, investment advisers and trust practitioners. We can also introduce you to external advisers and specialists when necessary. Choice – the RBC Wealth Management network provides international banking services, discretionary investment management, full service brokerage (international investment advisory) and international trusts and estate planning in numerous countries to offer the choices to realise your objectives. We believe ongoing care is critical in preserving assets. As a person with global interests, you may be concerned with currency fluctuations, inflationary trends, economic uncertainties or political instabilities. We take these concerns into account when helping you to develop your personal financial strategy. We conduct annual reviews to ensure that your individual financial plan takes into account any changes in your needs or circumstance. (*The minimum deposit for an Executive Plus or a Fixed Term Deposit account is £50,000; $100,000; €100,000 or rounded currency equivalent. An overall relationship of £125,000/US$250,000 or rounded currency equivalent is required. The minimum relationship is a reflection of your overall relationship across the RBC Wealth Management network of offices.) J OHN C OYLE Managing Director, Isle of Man Standard Bank For expatriates juggling money in a variety of countries, moving regularly, or having to transfer cash from one country to another can become time consuming, and so Standard Bank can offer a personal relationship manager to help manage all of your financial needs. Our advisors have the knowledge and authority to help you navigate your way through the financial world. From offices in Jersey and the Isle of Man, they can help arrange all your banking needs, regardless of where you are or where you are going, as well as giving you access to an excellent range of investment opportunities such as our new series and very popular Global Portfolio Picker and Agricultural Accelerator. Don’t be daunted, your relationship manger can explain everything, as well as offering you a personalised approach to relationship management and your specific needs. The best thing, though, is that this personalised service is not exclusively for the ultra-rich. Only £3,000 or US$5,000 is required to open an Optimum account, which is a day-to-day transactional account ideally suited to the multi-currency everyday banking needs of the busy expatriate. And as your assets grow, so too does the range of banking and investment services which we can offer. For example, not only does Standard Bank have a range of comprehensive savings products such as our high interest Expatriate Savings account, but we can also provide you with access to an exciting range of capital-guaranteed structured products for as little as £10,000 or US$20,000. An increasingly volatile world market means that expatriates need to feel confident that their bank is offering them flexibility and assurance, and our range of international wealth management solutions, put together by our experienced team of private bankers, means we can also draw upon our in- house expertise in trust and company structuring. Combining this with our dedicated asset management skills means that we can manage the most complex financial situations. Standard Bank is one of the world’s foremost emerging market banking groups and our wide-ranging resources means we can truly assist expatriate clients with their very specialised requirements. Meet the modern face of private banking Continued from page 7 Butterfield Bank Guernsey 55150 Fairbairn Private Bank 55151 Investec Bank (Channel Islands) 55152 Kaupthing Singer & Friedlander (IOM) 55153 Rothschild Channel Islands 55154 Royal Bank of Canada (CI) 55155 Standard Bank Offshore 55156 For more information just enter the above numbers on the Reader Reply Service coupon on page 20 or visit www.expatinvestor.com FAST FACTS “An increasingly volatile world market means that expatriates need to feel confident that their bank is offering them flexibility and assurance, and our range of international wealth management solutions, put together by our experienced team of private bankers, means we can also draw upon our in- house expertise in trust and company structuring. ” “... we begin with a dedicated relationship manager who gains a thorough understanding of your financial needs and objectives, your family and business circumstances and your current financial arrangements.” “Once you become a client you also have access to our execution only securities dealing and custody service with valuations of your portfolio available through ArrowOnline.” expatinvestor.com
July August 2008