In order for you to maximise your wealth management and eliminate any counterparty risks the first considertaion should be the platform that you use to access the market. You may be unaware of the counterparty risks that you are exposed too. Most people do not have a specialist wealth advisor and just use their banks but are unaware of the risks they are facing and the costs that they are paying.
Banks Vs Investment Platforms
Following the market crash of 2008 we saw that the banks got greedy and became far too over leveraged. The failure of the global banking system resulted in the loss of Trillions of Dollars. Who paid the price for this was us the public. The central banks then went into a currency printing frenzy, printing literally trillions of dollars and for who? Us the public who suffered for their greed? No! all this money went to the banks, the very people who created the problem. Yet even though the banks have received this enormous amount of money they are still at risk.
When you keep your money in a bank you are exposed to their credit risk and lending risks and in return, you receive an inetrest payment for this risk. Today global interest rates are zero to negative in some cases people are paying the bank to hold their money! Yes, people are paying to take the bank risks!
At Empire, we believe the only risks that you should take is the asset that you invest into and not the risk of bad banking practices, financial market greed or bad government practices. Empire only works with the best open architecture wealth management platforms in the world. This allows our clients to access any global investment asset in any currency. This also means that you have zero counterparty risk, zero credit default risk, zero currency risk and zero government risk.
We all need banks for day to day transactions but when it comes to investing and managing wealth you will be far better off with a risk-free open architecture platform, no commissions or hidden fees. Empire provides WMPs with a NTC (non transactional cost) approach. When you invest via an investment bank you will be allocated into investment funds. Invariably these funds have entry or exit fees normally in the region of 5% that is paid to you banker or advisor. Empire feels that this cost is far too high and seriously reduces the clients return. WMPs mean that you will no longer paying commisions and fees to your bank or advisor. This could boost your portfolio by 5% per year!!!
In order to compare your current banka ccount or platform to Empires open architecture WMP please arrange a free consultation.