Guernsey's finance industry has such a depth and
breadth that it is well placed to provide at high quality the
widest scope of Family Office services.
One of the key words that can be used to describe the
activities of any Family Office is 'complex'.
Their range of activities can be as wide as arranging pet care
to orchestrating the most complex of transactions involving the
divestment of the core family operating business.
The Family Office will call on a wide range of advisers and
family members to work together in an integrated team to
provide the most flexible and responsive solutions to the
family's needs. The Family Office itself may either be
part of the trading company of the family or have organically
grown out of their previous business interests. Some will form
only the controlling nucleus of the family's
requirements, where others will operationally perform some of
the activities to a lesser or greater degree utilising advisers
and experts in those areas it is less able to administer.
Guernsey has a strong group of providers who are able to
match their services to the requirements of a demanding Family
Office. International banks with operations in the Island are
able to provide many of the spokes to this wheel, offering
strong fiduciary services for the administration of Private
Trust Companies (PTCs), Family Trusts and corporate
Since pioneering the Protected Cell Company (PCC) 10 years
ago, Guernsey has seen this structure develop in more recent
years into a key corporate vehicle used by many single and
multi Family Offices. Originally Family Offices were assisted
in offering their investment activities to family members and
other associated friends through the cell structure of a
regulated fund PCC, with the fund administration being provided
by a choice of Guernsey administrators. This enabled the
building of individual asset allocations across a variety of
asset classes, tailored to separate groups within the family.
This has now been further extended with the updating of the
legislation to allow private 'non fund' PCCs.
They can be used as investment holding vehicles for the family
with no restrictions on asset class, flexible distribution
policies for cells for each family member and the ability to
segregate assets particularly for risk management. These are
just a few of the many advantages offered. Guernsey has shown
itself as a jurisdiction that continues to evolve its corporate
structures to the needs of the international client, listening
to its licensed providers and developing solution based
initiatives in partnership with the industry.
With the Family Office investing through global markets many
of these in emerging countries and the increase in the adoption
of Private Equity and other alternative asset classes, where
many utilise Limited Partnership or Mutual funds vehicles to
gain exposure to these market sectors, international custody is
a major component of the services required. The family often
has members with diverse residential and tax domiciles.
Guernsey's international financial community has wide
access to global custodians and the ability to operate within
the US Qualified Intermediary regime for the holding of US
For the family toys', aviation and marine insurance
specialists operate from within the Island, with Guernsey
having a strong international ship registry. Information
technology also has a strong platform from which to operate,
with Guernsey supported by state of the art communication
links. Provision of on-line banking and client reporting from
the key providers enables administrators within the Family
Office, wherever it is located, to have access to information
on demand. A key attribute of the service ethos of the Guernsey
workforce is the ability to work together across the range of
services available, with co-operation through professional
links with London, New York and other major financial
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).