Private clients often require bespoke solutions that span multiple continents. At Premier Fiduciary, our private client unit leads our engagement with key intermediaries, including private banks, family offices, accounting and legal firms and independent financial advisers. Our aim is to become a strategic partner of choice in delivering unique trust and fiduciary solutions. Our services are aimed at high net worth individuals, and focus on property holdings in the US, UK, and other jurisdictions as well as commercial and private banking.
Our private client services incorporate a deep understanding of the intricate, customized, and sophisticated strategies necessary for effective wealth management. Premier Fiduciary’s experienced team of wealth management professionals design and deliver tailored solutions. We keep away from the business practice of 'products', knowing the varied nature of jurisdictional requirements across the world. We understand and assess the different requirements from different jurisdiction such as Asia, Europe, African and Latin America.
We harness this knowledge to offer a broad range of solutions, among which are company structures, trusts, foundations, property holdings, specialized investment funds and many other solutions. Our comprehensive services cover every key aspect of private wealth management, including estate planning, inheritance, asset protection, and foreign investments, including currency and exchange controls, political risks and philanthropic requirements.
We offer a broad range of estate planning products designed to satisfy individuals seeking to establish a succession plan, while simultaneously providing tax minimization or tax deferral arrangements for individuals and corporations alike. Premier Fiduciary proactively develops new methods and solutions for clients to minimize the impact of changing tax legislation. Premier Fiduciary's solution-driven focus results in a continually evolving and diversified range of products.
Global growth and wealth has increased by vast amounts in the last few years. According to Knight Frank, the number of ultra-high-net-worth individuals* in Asia rose to just under 180,000. In Singapore, the number of high-net-worth individuals** and ultra-high-net-worth individuals in 2021 were over 525,000 and 4,200, respectively.
With this global growth, families are looking to be more involved in their own financial asset management. With concerns about success planning and wealth preservation on the rise, interest in family offices has also grown: the number of family offices has increased by over ten times from 2017-2022. Family offices are usually set-up with a corresponding family fund, leading to these more efficient and transparent, lean structures.
Family offices’ usually take over administration and daily management of a families’ assets. Family offices provide professional wealth management and business governance, as well as allowing for greater involvement with different generations, facilitating intergenerational continuity, ensuring strong family and business governance framework.
With a focus on family offices, Premier Fiduciary specialises in conceptualising family office structures to help our clients achieve limited tax liability through the Singapore Income Tax Act’s 13O and 13U tax incentives schemes. Such schemes will enable the families to manage their money through a regulatory approved company structure at minimal cost.
*ultra-high-net-worth individuals refer to those worth over USD$30 million in assets
**high-net-worth individuals refer to those worth over USD$1 million
Premier Fiduciary offers a wide range of fund administration service. This includes fund set-up, as well as fund structuring services for clients. We assist with determining the preferred structure and jurisdiction for clients, and ongoing administration and maintenance.
At Premier Fiduciary, our dedicated fund administration teams produce bespoke services, and provide clients with personalized attention. Our highly knowledgeable team have considerable experience in administering a range of fund strategies, across different fund structures as well as jurisdictions. Premier Fiduciary’s multi-cultural fund admin team also provides a range of language capabilities, including English, Mandarin, Thai, Indonesian, and Malay.
We also offer complimentary services like incorporation, corporate secretarial services, filing, payroll, and accounts along with other regulatory compliance services. Read more or see our other sections for additional information on these services.
Trusts are often used for top entities in private or corporate investment holding structures. This vehicle yields advantages, including reduced tax rates, tax deferrals and a separation of assets from those of the settlor and beneficiary. Premier Fiduciary helps you establish a trust or foundation to leverage advantages including reduced tax rates, tax deferrals and a separation of assets from those of the settlor and beneficiary.
In addition to trusts and foundations, we specialize in tax advantaged structures, including Singapore 13O and 13U companies (see SFO section for more information). Premier Fiduciary also provides trust related services in respect to Nevada and New Zealand Trusts, where we act as the licensed trustee.
Premier Fiduciary offers a range of corporate services to suit client needs. We understand that every situation is unique and may require different services in a range of jurisdictions.
We provide a wealth of services in at least nine jurisdictions to suit all manner of needs: we offer company secretarial services, payroll services and trade services along with incorporations.
At Premier Fiduciary, we can incorporate your company in the following jurisdictions: Singapore, Hong Kong, Seychelles, British Virgin Islands, Cayman Islands, Delaware, New York, California, and Nevada. Our experienced Corporate Secretaries will remove the confusion of filing, by preparing all necessary documents. Our team will work seamlessly with you to ensure a smooth process and answer any queries you may have.
Premier Fiduciary can also take care of all the post-incorporation paperwork and filings. This includes annual audits, filing tax returns, annual returns, and registries as well as opening bank accounts. By providing this service, we ensure that companies are kept fully compliant, and clients don’t have to worry about different deadlines, or excessive paperwork. See our ‘Secretarial’ section for more information.
At Premier Fiduciary, we will work with you to gather the relevant documents to prepare and be fully compliant with local and international accounting standards. Our in-depth knowledge of local and international accounting standards as well as local compliance processes (legal, accounting, payroll and tax), supplies Premier Fiduciary with significant time zone, language and cultural advantages.
Qualified Accountants provide comprehensive accounting and administration solutions that apply to our corporate service, trust services, fund administration and to our private clients. Our CPAs (Certified Public Accountants) can limit the burden on your own staff in maintaining financial records and responding to financial requests from banks, tax agencies, and government agencies.
Our experts are also experienced in international matters related to double taxation, investment protection, transfer pricing, trade economic zones, intellectual property registration, and international institutions and groups (such as the OECD, G-20, EU, and NAFTA). We can also prepare statutory financial statements, as per local reporting requirements, and provide ad hoc accounting support. We cover everything from tax registrations and invoicing requirements to tax obligations.
Premier Fiduciary also specializes in tax structures like the Singapore 13O/13U tax scheme. Visit our Singapore Family Office page to read more.
Tax jurisdictions are becoming increasingly complicated. Due to the growing regulatory and economic substance requirements, entities need to also be increasingly transparent. Premier Fiduciary can help meet these demands. With complex rules, multiple deadlines, and different jurisdictions, Premier Fiduciary takes care of this complex process for you. Our service providers consist of highly knowledgeable professionals capable of providing service to businesses across the world. We will ensure your company is kept in good standing, leaving you to concentrate on your key business activities. We assist in the following jurisdictions: Singapore, United Kingdom, Seychelles, the British Virgin Islands, Cayman Islands, Hong Kong, and the U.S. (Delaware, New York, California).
Premier Fiduciary also has a range of other services, including FATCA and Common Reporting Standard (CRS) registration and reporting, investigative due diligence, and other compliance services.
