Family Office

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About Family Offices

A family office manages the financial and personal needs of high net worth families. It is especially suitable for international families with a long-term vision and who want their wealth to pass to future generations.

A Family Office will call on a wide range of advisers and family members to work together in an integrated team to provide the most flexible and responsive solutions to the family’s needs. The Family Office itself may either be part of the trading company of the family or have organically grown out of their previous business interests.

Concept are able to provide many services that a Family Office requires. Since pioneering the protected cell companies (PCC) more than 10 years ago, Guernsey has seen this structure develop in more recent years into a key corporate vehicle used by many single and multi Family Offices.

This has now been further extended with the updating of the legislation to allow private ‘non fund’ PCCs. They can be used as investment holding vehicles for the family member and the ability to segregate assets particularly for risk management.

Why a Family Office?

  • Dedicated focus on family needs and requirements
  • Control of business, investment and personal service
  • Coordination and effective management
  • Sustainability of family legacy

Managed Trust Companies

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About Managed Trust Companies

A Managed Trust Company can be an attractive option to any professional firm that is frequently introducing clients to fiduciary companies. It will enable the firm to broaden its services whilst retaining control of its client. It may also bear reinforcement of the firm’s international brand without the costs of a stand alone operation, otherwise referred to as “white labelling”.

Managed Trust Companies are the arrangement by which an existing licensed service provider takes responsibility for the operational functions of a trust business, set up and owned by another company. For example, they allow company ‘A’ to beneficially own a Guernsey Managed Trust Company ‘B’, which then provides services to Company ‘A’s clients.

Managed Trust Company would be administered by Concept Fiduciaries who would provide all standard administration services, ensure it complies with local regulations, and provide the required personnel.

Why a Managed Trust Company?

  • Allows an offshore presence for the company without the cost of relocating
  • Provides access to specialist and experienced professionals who have existing relationships with local regulator

Private Trust Companies

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About Private Trust Companies

A Private Trust Company is a company formed for the specific purpose of acting as trustee of a single trust, or a group of related trusts. Family members may participate in the management of the company by way of trust committee, and therefore, can have input into the decisions that need to be taken by the Private Trust Company as trustee. Private Trust Companies provide a means by which a trust settler can retain a greater degree of control over the affairs of a trust without compromising its validity.

Why a Private Trust Company?

  • Reserved powers to the Settlor allowing closer involvement
  • Efficient and secure structured solution for assets
  • Flexible structuring which can be changed to accommodate a clients requirements

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