Asset Structuring

NRT Wealth designs and leads the implementation of structures for complex international assets and ownership arrangements.

Clients typically approach us when an issue cannot be resolved simply by selecting an investment product or engaging a conventional banking provider. The situation may involve ownership, banking, regulation, jurisdiction, privacy, asset protection or the practical movement of substantial assets.

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Complex Situations

The problem comes before the structure.

Complex mandates rarely begin with a request for a particular company, insurance policy, security or jurisdiction.

They begin with a problem.

An existing structure may no longer work. Assets may need to be transferred between jurisdictions. An otherwise legitimate transaction may be difficult to implement because of a sensitive compliance history. Banking arrangements may have become unsuitable.

Ownership may create unnecessary exposure to a particular jurisdiction or counterparty. A client may require greater protection or privacy around substantial assets.

These issues frequently interact.

Changing ownership can affect banking. Moving assets can raise compliance and documentation questions. Asset protection can be ineffective if the resulting structure cannot operate with regulated counterparties.

NRT Wealth considers the situation as a whole and develops a comprehensive structure around the underlying objective.

Typical areas of work include:

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Complex international ownership arrangements

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Compliance-sensitive banking situations

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Cross-border reorganization and transfer of assets

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Jurisdictional and counterparty risk

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Asset protection

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Privacy and discretion around ownership

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Securitization

From complexity to implementation.

Our role is to understand the complete situation, develop the architecture of the solution and coordinate its implementation.

02

ASSET PROTECTION

Asset protection and jurisdictional risk

Internationally held assets can be exposed to risks arising from jurisdiction, ownership, counterparties, political developments or changes in the client’s circumstances.

NRT Wealth designs structures intended to reduce unnecessary concentrations of these risks while preserving the client’s ability to hold, manage and use the underlying assets effectively.

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Depending on the circumstances, this may involve changes to ownership, holding entities, asset location, custody arrangements, banking relationships or the legal form through which an asset is held.

The objective is not complexity for its own sake. It is to identify relevant risks, separate them where appropriate and manage them deliberately.

All structures are designed to operate within applicable legal and regulatory requirements.

03

PRIVACY

Privacy and discretion

Privacy can be a legitimate and important consideration for internationally held wealth.

NRT Wealth develops structures intended to reduce unnecessary public exposure of assets and ownership arrangements while preserving the transparency required by banks, regulated counterparties, tax authorities and other competent authorities.

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Privacy is considered alongside asset protection, banking acceptance, control and practical usability.

The objective is appropriate discretion without compromising the legal or regulatory integrity of the structure.

04

CROSS BORDER ASSET MOVEMENT

Cross-border transfers and reorganizations

Moving substantial assets between jurisdictions is rarely only a payment exercise.

Ownership, transactional rationale, source of funds and wealth, supporting documentation, banking acceptance, regulatory requirements and tax treatment can all affect whether a transaction can be implemented successfully.

NRT Wealth develops and coordinates structures for the compliant transfer or reorganization of assets across jurisdictions.

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Our role is to anticipate the issues relevant counterparties are likely to consider, establish a coherent transaction architecture and coordinate the parties required for implementation.

Depending on the project, this may involve banks, custodians, corporate service providers, legal and tax advisers and other specialist counterparties.

05

BANKING AND CUSTODY

Banking architecture

A technically sound structure is of limited value if it cannot operate effectively with banks and custodians.

Banking considerations therefore form part of the structuring process from the outset.

Where appropriate, NRT Wealth coordinates directly with financial institutions and other counterparties to ensure that the intended structure can function in practice.

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We consider:

  • The nature and location of the assets
  • Ownership and control
  • Banking and custody requirements
  • Counterparty concentration
  • Jurisdictional exposure
  • Expected transaction flows
  • Compliance and documentation requirements
  • Interaction between different banking relationships

06

Securitization as a structuring tool

Securitization

NRT Wealth uses securitization as a structuring tool for both bankable and non-bankable assets.

Depending on the objective, securitization can be used to consolidate assets within a defined structure, create transferable economic exposure, facilitate portfolio or custody integration, separate economic interests or provide greater flexibility in how assets are held and transferred.

Projects may involve:

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Bankable investment portfolios

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Private investments and participations

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Loans and receivables

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Concentrated positions

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Alternative assets

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NRT Wealth develops the structural architecture of the project, including consideration of the underlying assets, ownership, economic exposure, banking and custody arrangements and the intended use of the resulting structure.

We then coordinate implementation with the relevant securitization vehicles, administrators, banks, custodians, legal advisers and other specialist counterparties.

Where issuance, placement, corporate finance advisory or another regulated activity falls outside NRT Wealth’s own regulatory permissions, that activity is undertaken by an appropriately authorized external provider.

Securitization is not treated as an objective in itself. It is used where it provides a practical advantage in how assets can be held, represented, managed or transferred.

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From architecture to implementation

Implementation

Our work does not end when a structure has been designed.

Complex projects commonly involve several independent counterparties, each responsible for one element of the overall solution.

These may include:

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Banks and custodians

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Legal advisers

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Tax advisers

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Corporate and fiduciary service providers

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Insurance companies

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Brokers and investment counterparties

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Securitization vehicles and administrators

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NRT Wealth develops the overall architecture and maintains oversight of the project throughout implementation.

External specialists provide the legal, tax, fiduciary, issuance or other expertise required within their respective fields. Our role is to ensure that the individual components form a coherent structure and work together in practice.