Typically speaking, one of the major advantages of having access to a non-bank owned fiduciary service provider is the difference in approach to holding non-financial assets.
There is inherently more work involved when it comes to administering assets that fall outside standard financial parameters. A trustee administering, for example, a structure holding a fine art collection will have to satisfy themselves of the individual pieces’ providence and be comfortable that they are safely stored and have appropriate insurance – and this is all before even considering the day-to-day administrative factors.
We, however, see this kind of situation as an opportunity to meet more specialised client needs and therefore our approach to holding client assets remains highly flexible.
This means that as well as orthodox financial assets, we can administer structures holding a wide range of non-financial assets, including:
- Real estate (residential and commercial)
- Investments in private companies (including operating companies)
- Private equity investments
- Private planes
- Fine art
- Intellectual property
This list is not exhaustive and we can potentially administer any non-financial asset, assuming of course that it is legally and morally sound.