Managed Trust Companies (MTC)

A Managed Trust Company is an arrangement by which an existing trust service provider operates a trust business established and managed on behalf of another professional organisation. As Adel Trust Company (Guernsey) Limited does not provide any tax nor legal advice and is not part of an investment or banking business, we are ideally placed to assume responsibility under a managed arrangement and may do so without any conflict of interest. We have a wealth of experience in providing managed trust company facilities and our clients have ranged from merchant banks to leading UK accountancy practices.

Features of a Managed Trust Company (MTC)

The name of the MTC may reflect the name of the parent company.

The MTC is then able to provide full fiduciary services, such as company and trust formation and administration, in the name of the parent company.

The parent company is required to complete a formal application with the Guernsey Finance Services Commission for a fiduciary licence under the Regulation of Fiduciaries, Administration Businesses and Company Directors etc. (Bailiwick of Guernsey) Law, 2000.

In its application the parent company is required to identify the proposed managing licensed fiduciary, Ardel Trust Company (Guernsey) Limited.

Ardel Trust Company (Guernsey) Limited enters into formal agreements with the parent company and the MTC itself to cover all aspects of the operation of the managed arrangement and the fees to be charged for the MTC and the entities under management.

The formal application and formal agreements will both require the input and assistance of a Guernsey based law firm. Ardel Trust Company (Guernsey) Limited are able to make suitable recommendations.

An MTC may have its own dedicated telephone and facsimile facilities. It produces its own branded materials to include mandates and stationary.

All staff engaged in the activities of an MTC would be employees of Ardel Trust Company (Guernsey) Limited.

All support services required by an MTC, including compliance, IT and office premises would be provided by Ardel Trust Company (Guernsey) Limited.

Advantages

The parent company can enjoy the benefit of having their own branded trust company without the need to incur significant establishment costs.

Expenses such as renting office premises, compliance, IT and recruiting staff etc. need not be incurred.

The parent company is able to offer a far wider range of services to its clients and in its target markets.

The parent company may maintain the offshore relationship with clients under its own branding.

The parent company generates additional income by providing offshore fiduciary services from Guernsey.

The parent company may enjoy new product material provided by Ardel Trust Company (Guernsey) Limited.