IN THE POST 11/22/2010 WORLD, OPENING A BANKOR BROKERAGE ACCOUNT OR EVEN BOOKING A HOTEL ROOM requires you to disclose ever moreprivate information. And the information you give to a bank one day can end up on the internet the next. The news is littered with examples of bank executives capitulating to government inquiries,clerks selling client information and governments giving in to demands for information from trans-national governing bodies.
So the question is: is it still possible to hold money, equities orinvestments of any kind in a private and secure manner?
With the “privatebanking” currently on offer by most leading banks, the answer is“no”. Generally, to open up an account in these places you are required to sign a waiver virtually surrendering any claim to privacy. But with trust-style private banking, the answer becomes aresounding “yes”.
Trust-style banking has its roots in the crusadesof the 12th and 13th century, when knights would leave someone in charge of their estates while they went off to fight. This trustee would ensure that the land was put to good use during the knight’sabsence. These trust arrangements have evolvedover the years to include money and investments,but the principle is the same. The client enters into a contract with a trustee, who, in return for a fee,agrees to hold the client’s funds.
There are, of course, obvious dangers on both sides with a trust-style arrangement. Even though trustees are not responsible for the actions of theirclients, if their client gets embroiled in a legalmess, it could be expensive for the trustee. And,naturally, clients need to ensure that the trustee they use is reputable and the terms agreeable.
The Capital Conservator Group(www.capitalconservator.com) has been providing trust-style private banking successfully for several years. Clients can invest in a wide range of investment vehicles – stocks, options, ETFs, bonds,futures, forex, CFDs, derivatives and preciousmetals – and access their accounts and send orders online through platforms usually reserved for brokerage firms, all while maintaining their privacy.
Capital Conservator has developed relationships with top asset managers, so clients reap the benefits of private investing with top managers who routinely out perform the market.
For private banking that is truly private, CapitalConservator is the answer.
Nikole Pši?a 24
21000 Novi Sad
Serbia
Phone: +381 21 643-4897
Email: [email protected]
Website: www.capitalconservator.com
