Asset Management, Banking and Trust Industries
The clientele of Imperiosus Mint includes private clients, institutions and professional intermediaries on one hand. While on the other hand our clientele includes the asset management, banking and trust industries (representing the financial services sector.)
The asset management industry is geared towards managing assets for its clients. According to Wikepedia.org, the term asset management is often used to refer to the investment management of collective investments, whilst the more generic fund management may refer to all forms of institutional investment as well as investment management for private investors. Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer to their services as wealth management or portfolio management often within the context of so-called “private banking”.
While the definition of the banking industry varies from region to region, most agree that in general a bank entails the business of receiving money on current or deposit account, paying and collecting cheques drawn by or paid in by customers, the making of advances to customers. According to Wikepedia.org, a banks’ activities can be divided into retail banking, dealing directly with individuals and small businesses; business banking, providing services to mid-market business; corporate banking, directed at large business entities; private banking, providing wealth management services to High Net Worth Individuals and families; and investment banking, relating to activities on the financial markets. Most banks are profit-making, private enterprises. However, some are owned by government, or are non-profits.
The trust industry provides a.o. director services by manages several companies that are entrust to it. According to Wikipedia.org, in common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts some or all of his or her property to people of his choice (the trustees). The trustees hold legal title to the trust property (or trust corpus), but they are obliged to hold the property for the benefit of one or more individuals or organizations (the beneficiary, a.k.a. cestui que use or cestui que trust), usually specified by the settlor, who hold equitable title. The trustees owe a fiduciary duty to the beneficiaries, who are the “beneficial” owners of the trust property.
The trust is governed by the terms of the trust document, which is usually written and in deed form. It is also governed by local law.
Private Clients
In the Latin American Economic Outlook 2008, the OECD describes the pension reform, capital markets and corporate governance as follows.
Latin America leads the developing world in pension reform. Chile launched the process in 1981, followed since the 1990s by nine other countries in the region and some outside. The reform constitutes a transition from publicly managed “pay-as-you-go” to privately managed, fully funded, retirement systems.
Its objectives, in addition to providing a reliable source of retirement income for workers and reducing the fiscal drain on governments from existing systems, include two on which this chapter focuses: the enhancement of national savings, where overall results are not encouraging; and the deepening of local capital markets, where results are encouraging.
Policy recommendations include measures to improve the alignment of incentives amongst pension-fund members (active and retired workers), sponsors (employers) and managers. Countries should re-examine regulations that hamper a healthy diversification of pension assets, while maintaining high prudential standards. Some countries must give attention to the excessively high administrative fees and costs that pension funds charge members.
Better governance of pension funds can also enhance their role as agents for improved corporate governance outside the pension sector, contributing to long-term economy-wide productivity growth for the considerable benefit of workers, active and retired, and employers alike.
Our Private Client Services provide a direct, upfront result driven approach aimed at financial planning for the individual. Cultivating mutual trust and in-depth understanding of our private clients´ needs are the foundations for developing personal and long-term successful relationships between Our teams of specialists and the private client.
Our Private Client Services afford benefits to individuals with various financial backgrounds. Services range from simple estate planning vehicles involving the establishment of trusts and foundations to complex, multi-levelled estate structures comprising private assets and businesses around the world. Amicorp teams of trained private client specialists offer a luxury of services and innovative solutions.
Institutions
In the Latin American Economic Outlook 2008, the OECD describes the China, India and the Challenge of Specialization as follows.
China and India represent trade opportunities rather than trade competition for the bulk of Latin American countries. Most of China’s increased exports raise stronger competitive challenges to its Asian neighbours than to Latin American countries, although some of the latter, such as Mexico, do face substantial Asian export competition. Chinese and Indian growth also opens Latin American export opportunities to new markets. For a few countries, notably Mexico and Brazil, this includes intra-industry trade, though for a majority of Latin American countries, the foremost trade opportunities are to be found in commodity exports.
Already, the Asian drivers’ heightened demand for oil and minerals has increased both revenues ¬– through the rising prices of commodities – and direct trade with Latin America. Commodity-export specialization can, however, have some unwanted effects on the economy unless it is managed by responsible macroeconomic policies and well-governed and efficient institutions. Most Latin American economies appear to be coping well, but the challenges will persist. One of the important factors for ensuring long-term diversified growth is investment in innovation. Brazil and Chile are among the prime innovators in Latin America but are still behind OECD levels, mainly because innovation in the private sector has remained limited.
Another important factor that would help long-term competitiveness and growth is well-functioning and efficient infrastructure. In 2007, this is one of the most important drawbacks in Latin American economies. Investment in infrastructure is therefore also a golden opportunity for improving export competitiveness and, particularly for Mexico and the countries in Central America, for capitalizing on their favourable geographic position.
Clients with international (cross-border) operations and foreign investments often face the challenges of optimizing the tax efficiency of their structures. Amicorp’s global experience in international finance and investments structuring and team of jurisdictional experts can deliver efficient tax solutions that last, delivering continued benefit year after year. Amicorp’s teams of proactive and result-driven professionals drive the restructuring process from initial design through to implementation and administration. Through creating innovative strategic corporate solutions, clients can effectively meet the challenges of today’s complex international business environment.
Amicorp works exclusively in stable political and legal environments to ensure the continued strict security and practical results essential to our clients.
Professional Intermediaries
In the Latin American Economic Outlook 2008, the OECD describes the multinationals, telecommunications and development as follows.
Since the early 1990s, foreign direct investment has increased dramatically worldwide. Latin America has been a major recipient of such investment, notably in conjunction with privatization in the region during the 1990s. The emergence of new Latin American multinational corporations means that the region has also become a source of such investment, especially in the 2000s. The importance of both inward and outward foreign direct investment is particularly visible in the telecommunications, a sector dominated in Latin America by two multinationals, one from each side of the Atlantic. Many countries in the region have taken great strides in building modern telecommunication infrastructure thanks to the combined effects of technological progress, the spread of mobile telephony and the market-seeking thrust of the leading competitor’s investment behaviour.
The strength of a few corporations has, however, given rise to concerns over the nature of competition in the sector. Greatly expanded user access to telecommu8nications services increases the contribution of this sector to economic growth, but key challenges remain in establishing and ensuring contestable markets that will close international and domestic digital gaps between rich and poor segments of the population and provide telecommunications services to all. Effective access-promotion policies with clear and stable rules are needed together with well-regulated, open and competitive markets that promote innovation and encourage multinational corporations to maximize their collective contribution to the region’s long-term development
Professional intermediaries play a major role in private and business planning for end-clients. In the majority of cases, Amicorp works closely together, not in competition, with the end-clients’ professional advisors. Amicorp’s added-value is often brought to the end-client indirectly, through the clients’ intermediate advisors.
As Amicorp does not render direct tax or legal advice, we aim to create a partnered environment of trust and integrity with our professional intermediary clientele. We strive to understand and anticipate the needs of our professional intermediaries and work hand-in-hand to deliver the best solutions.
Latin America & the Caribbean
Imperiosus Mint maintains along-term and mutually beneficial relationship with the asset management, banking and trust industries in general. Especially those focused on the Latin America & the Caribbean region.
We offer over 23 years of experience, understanding and knowledge covering those industries and region. As a result an extensive network of private clients, institutions and professional intermediaries is available to not only assist you and/or your business development endeavors in this region. But to also give you proper access to this only remaining emerging market in general, especially those requiring your services. These long-term relationship are ready to work with you in a mutually beneficial business relationship.
Imperiosus Mint offers services to high-net worth individuals and established corporate entities. In order to protect our reputation and preserve the quality of our client base, we have comprehensive client acceptance criteria in place, aimed at establishing the identity and legitimacy of a client and the origin of funds in question.
We adhere to strict secrecy laws and therefore can not and will not divulge any of our (prospect) clients’ information. All of our clients are referred to us by the asset management, banking and trust industries in general. And especially by past and current clients of ours.
We assist the world’s leading financial providers especially those focused on the Latin America & the Caribbean region. With our added value, your business endeavors in this region can be developed in a safe, trusted and confident manner. This way you (and us) can be rewarded with the successor of – that of the Imperial Mint.
This post is also available in: Spanish