How secure is my investment?

One of the main reasons why we represent institutions based in the Isle of Man and Guernsey is because of the exceptional level of investor protection. Up to 90% of your investment is protected in the event that a financial institution is unable to meet its liabilities. The choice of your investment will reflect your attitude to risk and the particular goals which you would like to achieve. Volatility of investments generally reflects the potential levels of returns. We work closely with you to carefully select the right investment options for you based on many variables.

 

Who manages my money?

You have two choices:

• You can choose to let the fund manager of your investment institution manage your investment.
  

  Or

• You can choose to manage your portfolio yourself with relevant information provided by Discretion Wealth Management (we will handle your administration).

 

How do I transfer funds?

If you are remitting a lump sum then a telegraphic transfer is the most convenient and safest option. If you are making regular payments, a direct debit from your bank is possible (depending on the country of your bank). Otherwise, a debit from your credit card is acceptable to the majority of financial institutions and also generally the cheapest option.

 

What factors should I consider when choosing someone to manage my money or existing portfolio?

There are several key factors to consider when choosing a responsible third party to manage your money:

• Performance: the ability to achieve positive returns comparable to or exceeding benchmarks
  
• Listening: the ability to listen to your needs and structure your portfolio within your risk criteria
  
• Reporting: the timely provision of regular updates on the status and performance of your portfolio
  
• Transparency: the most important point is to ensure third party commissions do not influence managers' decisions. Therefore investment selection is based on obtaining results and results alone.

 

What is so special about the Isle of Man and Guernsey?

The Isle of Man and Guernsey enjoy fully designated territory status, as defined under the UK Financial Services and Markets Act 2000.

However, whilst the UK and other European centres offer limited compensation provisions (in the case of the UK, this is restricted to a maximum compensation of GBP48,000 regardless of investment), both The Isle of Man and Guernsey provide security to investors of 90% (without upper limit) in the event of a registered financial institution becoming unable to meet its liabilities.

As such, both the Isle of Man and Guernsey are internationally recognised as two of the top financial centres in the world.

 

How can I receive the benefits of my investment?

Upon maturity your investment can be paid to you in any currency, anywhere in the world. The same applies to partial encashment or early surrender, however you must be aware that certain investments incur penalties for withdrawals and these can be significant percentages in the early years. Investments can be designed to permit cost-free access when required.

 

I work overseas but still pay tax in my home country - do I qualify?

In most cases, yes. During your initial no-obligation meeting with one of our advisers a thorough analysis of your individual circumstances will be conducted to ascertain the most appropriate way forward.

 

What happens if I move from country to country?

Our company policy stipulates that we remain in regular contact with you wherever you travel or relocate to.

 

How does Discretion Wealth Management make its money?

We receive remuneration directly from the investment house of your choice. Generally there are two types of fees, introductory and on-going servicing. When selecting your chosen investment all fees will be included in the prospectus. Some investments you choose may incur external portfolio management charges which will always be totally transparent and fully explained to you by your adviser.

 

How much do I have to invest?

There is no maximum on how much you can invest, however typically US$ 500 per month or US$ 40,000 as a lump sum are the minimum amounts (or other currency equivalents).

 

Will I receive customer support from Discretion Wealth Management?

Every month, wherever you are, our client services team will contact you by email and provide you with continuous after-sales support. Our main aim is to ensure that you become a long-term, satisfied client, which is why exceptional service is paramount.

 

Will I save money if I go direct to the financial institutions?

No, you cannot deal directly with the institutions as the policy of these organisations is to work through a global network of independent financial advisers like us. Investing with these institutions in the Channel Islands or the Isle of Man with Discretion Wealth Management, means that you can access all markets and fund management houses worldwide at lower cost.

Discretion Wealth management is the LGBT marketing division of Platinum Financial Services Limited. All investment recommendations are made on behalf of Platinum Financial Services by Insurance Authority registered advisers from Hong Kong.