The Aurora Advantage Trust can be used to wrap single investment policies such as a portfolio bond, a platform, a discretionary managed account or model portfolio.
Billed as a low cost Guernsey reserved powers trust, the product also allows for investments in sectors such as property and private equity.
Sean Gillease, sales & marketing manager at Concept Group, said the product was “particularly cost efficient” when being used to wrap a single investment policy.
“The trust is likely to be compared with what are commonly known as short form offshore trusts, which are generally used for wrapping a single investment and typically do not allow for investments into anything other than the single investment. This will often be written into the trust deed.”
But the Aurora Advantage Trust, he said, is a “full Guernsey discretionary trust which does not restrict the investments to a single investment and can therefore accommodate investments into a much wider range of potential investments”.
Investment management options include allowing for the settlor or client to self-manage within the trust, or in conjunction with a financial adviser.
The standard fees for a single authorised investment, such as a portfolio bond, are £495 (establishment) and £495 (annual trustee).
