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THE 13 CURRENCY RELATED QUESTIONS TO ASK YOUR WEALTH MANAGER AT YOUR APPOINTMENT:

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THE 13 CURRENCY RELATED QUESTIONS TO ASK YOUR WEALTH MANAGER AT YOUR APPOINTMENT:

Post  ..journey on Fri Nov 14, 2014 11:01 am

THE 13 CURRENCY RELATED QUESTIONS TO ASK YOUR WEALTH MANAGER AT YOUR APPOINTMENT:
List of questions sent to me:

QUESTION # 1: Does your bank/firm structure Multi Currency Accounts and Multiple Currency Accounts for foreign currency portfolio diversification and what is the fee structure for these accounts and transactions?

QUESTION # 2: What is the minimum amount of foreign currency required to open up one of these accounts and can you explain how the process works with your firm along with the features and functionality available with these accounts at your Bank Firm?

QUESTION # 3: Can you tell me a little bit about your foreign currency arbitrage strategies that are available if I were to move my existing currency portfolio to your Bank/Firm?

QUESTION #4: Does your Bank/Firm offer Trust Products and Services "In House" or are those products and services outsourced to third party vendors?

QUESTION # 5: With your Multiple Currency accounts and Multi Currency accounts how to you typically structure trades and transactions for short term versus long term gains for clients to mitigate market risks with foreign currencies?

QUESTION # 6: Does your Bank/Firm offer Multi Currency Trusts, and what are the fees associated with the trusts and how is the structure and functionality set up for new clients looking to move foreign currencies from another bank to your firm to manage and what is the minimum required to structure a Multi Currency Trust with your Bank/Firm?

QUESTION # 7: Does your Bank/Firm have Private Family Office Structures and what are the fees associated with those structures and how does your Family Office team manage the assets for clients and what investment vehicles and instruments do you normally utilize for these accounts?

QUESTION # 8: How is your online account management system set up for these accounts for clients from an accounting standpoint for 24/7 access and account reporting?

QUESTION 9: Do you have experienced foreign currency traders with your firm and what is the minimum requirement to participate if I were looking to diversify my assets and allow your to manage these funds?

QUESTION 10: Does your Bank /Firm have access to LOCKBOX products and services for Corporate Structures ranging from LLC's,C-Corps, S-Corps, & IBC's (International Business Corporations)?

QUESTION 11: Explain the process of moving a sizeable about of foreign currency to your from from a non USA based Banking Structure or Entity and how is your currency platform structured for trading currencies?

QUESTION 12: What are your thoughts on the Global Forex Probes taking place?

NOTE: When they ask you what currencies you have or hold let them know you have about 4-5 currency that you play around with and leave it there.

QUESTION 13: I have had quite a few of my business associates advising me to invest into the currencies of Iraq/Vietnam/Zimbabwe & Indonesia. If I wanted to purchase any of those currencies from your firm is that something you could assist me with as well, and does your firm currently trade any of those currencies via Multi Currency Accounts & Multiple Currency Accounts and have you heard anything these currencies?

NOTE IF THEY SAY YES THEY ARE FAMILIAR WITH THEM-THEN & ONLY THEN DO YOU MENTION A SMALL PERCENTAGE OF YOUR PORTFOLIO ALSO CONSISTS OF THESE CURRENCIES


Last edited by ..journey on Sun Jun 07, 2015 2:57 pm; edited 1 time in total

..journey

Posts : 1884
Join date : 2012-06-19

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