Post on 28-May-2020
transcript
Expertise in action. Globally.
Private Client ServicesOverview
Expertise in action. Globally.
Group Introduction 3
PraxisIFM GroupGeographical presence 4
PraxisIFM Group services 5
Our values 5
Private Client Services 6
Our people 8
Continuity of service 8
Data security 10
Insurance 10
Conclusion 11
Contact 11
Contents
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Group Introduction
PraxisIFM is an independent financial services group, providing private client and corporate, fund, pension and international expansion services across multiple global jurisdictions.
Listed on The International Stock Exchange, PraxisIFM is majority staff-owned, meaning our teams are truly invested in the business and the services we provide to corporate clients, individuals and families.
We have an entrepreneurial ethos and are dynamic and ambitious with a clear strategy for growth. Our management team is directly responsible for the direction of our business, meaning a proactive, responsive client service remains core to our business model as we grow.
Our clients are at the heart of everything we do.
Background
We are majority owner-managed
We are independent
Listed on The International Stock Exchange
Our staff are invested in the Group’s success
We have a 45-year history
PraxisIFM in numbers
Over
475 staff across
multiple global locations
57%of equity
owned by staff
>50%staff qualified
or studying
93%staff
retention
MauritiusInternational Expansion Private Client & Corporate
New ZealandPrivate Client & Corporate
UAEFunds
International Expansion Pensions
Private Client & Corporate
Hong KongInternational Expansion
Private Client & Corporate
USAFundsInternational Expansion
GuernseyFunds
International ExpansionPensions
Private Client & Corporate
Isle of ManPrivate Client & Corporate
United KingdomFunds
International ExpansionPrivate Client & Corporate
Jersey FundsInternational ExpansionPrivate Client & Corporate
LuxembourgFundsInternational ExpansionPrivate Client & Corporate
MaltaFunds
International ExpansionPensions
Private Client & Corporate
Netherlands FundsInternational ExpansionPrivate Client & Corporate
Switzerland International Expansion Private Client & Corporate
Europe
CuraçaoFunds
International Expansion
British Virgin IslandsPrivate Client & Corporate
Cayman IslandsFundsPrivate Client & Corporate
Caribbean
AnguillaFunds
International ExpansionPrivate Client & Corporate
Geographical presence
Expertise in action. Globally.4
We offer a wide range of bespoke professional services for UK and international individuals, families and corporate clients.
Group services Private Client and Corporate
Services
Fund Administration
PensionsTreasury Services
International Expansion Services
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We pride ourselves on long term relationships with our clients, their advisors and professional intermediaries.
We commit to understand each client and maintain an awareness of the world around us – yours and ours.
We aim to demonstrate:• Leadership
• Enterprising approach
• Integrity
• Independence
• Thoughtfulness
• Responsibility
IntermediariesWe are collegiate, proactive and responsive, we all take responsibility for ensuring that each client’s experience creates peace of mind.
Our values
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PraxisIFM’s Private Client Services teams specialise in the establishment and administration of a wide range of structures and provide solutions to achieve objectives such as asset protection, wealth and succession planning as well as for philanthropy.
Each client has a unique set of personal, family and business circumstances which play a significant part in determining their financial needs, aspirations and expectations.
All our solutions and products are specifically designed to meet the requirements of UK and international individuals and families, these include:
Private Client Services
Solutions
• Asset protection
• Wealth preservation
• Philanthropy
• Inheritance and estate planning
• Asset structuring (including Sharia compliance)
• Family office
• Family co-ordination and governance consultancy
• Citizenship and residency
• Investment monitoring
• Treasury
Products
• Trusts
• Foundations
• Asset holding companies
• Guarantee companies
• Incorporated cell companies
• Protected cell companies
• Private trust companies
• Limited partnerships
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Expertise in action. Globally.
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We believe our people are our most valuable resource.
It’s our people who establish personal connections with our clients so that we can better understand their needs.
They enable us to build long-term relationships to ensure we continue providing high levels of personal service to every client.
We invest in our staff, with training and development and with the opportunity to share in the Group’s success.
In return we are rewarded with dynamic individuals who share the same passion and commitment.
Individual ExpertiseWe pride ourselves on providing a tailored service designed to suit each client‘s needs and achieve this with qualified personnel who utilise their individual expertise to manage our teams.
TeamworkWorking together our teams meet the challenges of administering some of the most technically-demanding and varied structures efficiently, effectively and with drive and enthusiasm.
Our people
Expertise in action. Globally.
To provide continuity our group invests in succession planning, training and developing staff which ensures a seamless transition for long-term clients. Key to this approach is recruiting and retaining high calibre individuals and we therefore place great importance on specific staff initiatives, which include:
• Professional development i.e. ACCA, ICSA, STEP
• Support for staff in selecting and attending relevant technical training courses to facilitate learning and development
• Buy As You Earn share incentive scheme so staff have a vested interest in the Group’s success and continued growth
• Share Option Schemes for senior management and above
Continuity of service
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Data security
Insurance
PraxisIFM takes its responsibilities for securing systems and client data extremely seriously.
Data security summary
• PraxisIFM has cyber security systems in place and in line with the UK Government accredited cyber essentials standard
• The Information security system is based within the context of the UK Government’s 10 Steps to Cyber Security and ISO27001/2 Information security management
• PraxisIFM and its subsidiaries are committed to complying with the General Data Protection Regulation and local Data Protection Laws
It is the policy of the PraxisIFM Group to meet or exceed the regulatory level of insurance in the jurisdictions in which it operates.
Insurance cover is arranged though the Lloyd’s of London marketplace. Cover includes Professional Indemnity, Directors & Officers Liability and Cyber insurance, the latter being insured separately.
Security
• We believe in protecting assets and preserving generational wealth.
• PraxisIFM Private Client Services is a team of specialists who focus on what matters most to you in generational wealth preservation, succession planning, and asset protection.
• Our global locations enable us to work across borders, realising opportunities in different countries and ensuring compliance with local laws and regulations.
• The ability to work in conjunction with teams across the Group enables PraxisIFM Private Client Services to offer its clients a wealth of associated solutions for their personal and business needs
• Our Group values mean that we attract and retain highly qualified, dynamic and committed people enabling us to build long-term relationships ensuring continuity of service for you and your future generations.
Conclusion
Contact
E info@praxisifm.com
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PraxisIFM Trust Limited (Guernsey)Regulated by the Guernsey Financial Services Commission and licensed as a fiduciary services business under the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000.
PraxisIFM Nerine (Hong Kong) LimitedLicenced to act as a Trust and Company Service Provider by the Hong Kong Companies Registry.
PraxisIFM Trust Limited (Isle of Man)Licensed by the Isle of Man Financial Services Authority as a Corporate and Trust provider.
PraxisIFM Trust Limited (Jersey)Regulated by the Jersey Financial Services Commission for the conduct of trust company business under the Financial Services (Jersey) Law 1998 (as amended).
PraxisIFM Trust Limited (Malta)Licensed by the Malta Financial Services Authority and authorised to act as a trustee and to provide other fiduciary services (including acting as an administrator of private foundations) in terms of Article 43 of the Trust and Trustee Act.
PraxisIFM Management (Mauritius) LimitedRegulated by the Mauritius Financial Services Commission.
PraxisIFM Netherlands B.V.Licensed by the Dutch Central Bank N.V. as a trust company under the Act on the Supervision of the Trust System.
Praxis Luxembourg SASupervised by the Commission de Surveillance du Secteur Financier.
PraxisIFM Trust (NZ) LimitedRegistered in New Zealand.
PraxisIFM Corporate Services (UK) LimitedIncorporated in England and Wales. Registration number 10966968. Registered office: 5th Floor, 1 Lumley Street, London, W1K 6JE, England. Registered with HMRC for AML supervision.
PraxisIFM Trust Limited (UAE)Regulated by the ADGM Financial Services Regulatory Authority and only carries on financial services with or for Professional Clients as defined in the ADGM Financial Services Regulatory Authority Rules.This brochure is for informational purposes only. Nothing contained in this brochure constitutes investment, legal or tax advice. This brochure is intended only for Professional Clients (as defined by the ADGM Financial Services Regulatory Authority) and no other Person should act upon it.
PraxisIFM Trust SA (Switzerland)Regulated by the Association Romande des Intermediaries Financiers (ARIF), a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss Federal State.
Nerine Trust Company (BVI) LimitedPart of the PraxisIFM Group. Licensed by The British Virgin Islands Financial Services Commission under the Banks & Trusts Companies Act 1990.