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A trust company is an entity that serves as an trustee to either a personal or business trust. The company will manage the trust and oversee the eventual transfer of assets to beneficiaries. A trust company isn’t limited to trust management . It can manage estates and custodial arrangements in addition to trusts and can also offer wealth management, asset management, brokerage and financial planning services. As fiduciaries, they have a legal mandate to act in the best interest of their clients at all times.
Specialty businesses such as securities companies, commodities businesses, assets management companies or money service operators, etc. always have a pain point – how to streamline incoming transfers from their clients given the restriction of point to point transfer (same name transfers from their clients) to their specialty businesses as imposed by authorities and their regular scrutiny. Owning a trust company as an umbrella of your specialty businesses can be a solution for you, having your clients’funds maintained independently under the sub-accounts of your other arm, the trust company.
For details of how will a trust company assist your specialty businesses, please contact us below.
Whatsapp : (852) 6499 4686 Phone : (852) 2186 6936 Email : info@intershores.hk
Disclaimer: Whilst reasonable care has been taken in provision of information above, it does not constitute legal or other professional advice. INTERSHORES does not accept any responsibility, legal or otherwise, for any error omission and accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, readers are advised to take appropriate professional advice before committing themselves to any involvement in jurisdictions, vehicles or practice. |
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