Forsyth Financial Management has launched an offshore trust wrapper offering intermediaries acc...
Forsyth Financial Management has launched an offshore trust wrapper offering intermediaries access to four different investment strategies.
The four options available via the Forsyth Investment Wrap, designed for the offshore market, are Managed Strategies, Self Selection, International Fund Selector or Deluxe Additions.
The Forsyth Managed Strategies offers three discrete portfolios, cautious, balanced, and aggressive. These are run on a discretionary basis using a selection from the group's range of international offshore funds. Forsyth charges no initial fee for this discretionary service and the products that will feature in the portfolio are all bought at NAV. The minimum investment for this option is $20,000.
A typical cautious portfolio strategy could be 20% equity, 50% bonds, 10% cash and 20% other investments. A sample balanced strategy could be 45% equity, 35% bonds, 5% cash and 15% other and the Aggressive approach could be 80% equity, 10% bonds and 10% other.
Forsyth Self Selection allows the intermediary to manage its clients' assets by building a portfolio from Forsyth's range of 11 international offshore funds. As with the managed strategies approach, the Forsyth Funds can be acquired at no initial charge. The minimum investment is $40,000.
The International Fund Selector option uses the same principle as the Forsyth Self Selection option. However, the intermediary has the opportunity to make a selection from the universe of more than 10,000 international offshore funds and a series of products offered by major life insurance companies. The minimum investment for this option is $75,000.
Through the Deluxe Additions intermediaries have the option to incorporate services such as share dealing into the wrap. The minimum investment is $150,000.
Domiciled in Jersey, initial commission starts at 6% and trail fees are 0.5%pa.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till