Bonds themselves cannot be transferred, only kept or surrendered, and it is often undesirable to surrender a bond because of all the tax consequences, particularly if the bond is held within a trust.
The assets held within an open architecture offshore bond can usually be transferred to 7IM. Therefore, you can retain an existing bond product, and any associated trust arrangements, and simply transfer the underlying assets from their current custody (e.g. with another platform or discretionary investment manager) onto our platform where you can manage them and they can be included in the client’s reporting.
7IM accounts linked to an offshore bond will be included in the client’s quarterly statements and visible on the 7IM Client Portal and 7IMagine app.
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