Private Trust Companies ("PTCs")

PTCs are becoming increasingly popular among the Family Office sector and high net worth family. They are established for a number of reasons, mainly to provide an element of involvement in the trust assets and the ability to hold assets that are perceived to be of higher risk, such as trading companies, highly speculative or illiquid assets. A PTC, owned by an Isle of Man purpose trust, is often chosen by the wealthy family to act as Trustee of a trust.

In this way, whilst robust asset protection is maintained, key family members and/or professional advisers can be appointed to the board of the PTC – thereby securing greater control and influence over the assets.

For further information on our Trust Services, please contact: Oliver Peck or Anne Baggesen