Executive Summary
The Turnstone Isle of Man office can provide a variety of trust, company and fund management services that can be used as part of an estate, succession or taxation planning structure or to take advantage of the light regulation available in the Isle of Man for close ended investment funds.
We will work with your existing professional advisors to construct a cost effective and professionally managed trust, company or foundation structure. We can act as the trustee of a family or other specialist trust, or directors of a managed company, all of which can be established in the Isle of Man, or in many other jurisdictions around the world.
If you are a corporate client looking for specialist offshore services or to establish a close ended fund in a jurisdiction with a huge amount of integrity and substance then we can also assist in those areas.
We can provide or procure almost any specialist support services that an arrangement might demand, from investment advisory services to real estate management specialists, in many disciplines and in a number of countries around the world.
Being part of an experienced independent group enables us to take a highly flexible approach to helping clients as we are not bound by the corporate doctrine and limitations of many bigger institutions.
In keeping with that approach, our clients have direct access to their account professionals, trust officers etcetera, to improve accountability, build strong customer relationships and to eliminate the possibility that projects are left hanging between individuals or departments, again a common failing of the larger institutions.
On a no-cost basis we are available to discuss opportunities to work with prospective clients, and we welcome the ordinary and the extraordinary, as ways for us to show our competencies and help clients ‘become a legacy’.
Company Profile
Turnstone (Isle of Man) Limited is an Isle of Man licensed provider of trust and company administration and management services. Since opening in 2005, as it has grown in experience, Turnstone Isle Of Man has continued to broaden its range and diversify its activities in geographic terms as well as in its product range.
With a client base predominantly in Africa and Europe, we believe we have a different approach to many of our competitors, believing that if we make client satisfaction and considered professionalism our main goals, we are sure of a successful future in an industry full of hackneyed and unimaginative offerings.
As a licensed business, we are inspected by the Isle of Man’s regulator, the Isle of Man Supervision Commission.
Career
The Isle of Man team has steadily expanded its staff complement to meet the needs of a growing business and it now includes personnel skilled in a broad range of disciplines with combined industry experience of more than 100 years, including substantial expertise in the areas of trust administration, company secretarial work, treasury dealing, financial accounting and others.
However in today’s world, on its own this expertise is only a part of the story and it is the combination thereof and the team’s dedication to giving outstanding service and working in partnership with clients that will result in meeting objectives and achieving mutual success.
We pride ourselves on our ability to engage in a thoughtful, intelligent and flexible approach and to bring our professional expertise to bear in a constructive and problem solving manner.
If you think you have the experience, background and dedication to provide a client-centred service where every day is a little different and where extraordinary results are normal, then you should contact us at contactus@turnstone-iom.com to discuss current employment opportunities.
Services
The Isle of Man is a model of stability and integrity that is the envy of other countries. With over a thousand years of continuous parliamentary governance and a steady and shrewd approach to managing change and moving with the times, the Isle of Man maintains a stronger position than ever in the world of international finance and banking.
Though its history is as extensive as it is fascinating, steeped in myth, folklore and triumph against adversity, in recent times the Island’s democratically elected government has been remarkably adept at navigating the modern challenges of hosting a world class, reputable international financial centre, encouraging a socially responsible population and at the same time the growth of talent and business that Turnstone and a lot of other Island businesses find mutually beneficial.
To have done that while simultaneously putting in place one of the most respected financial supervision regulatory regimes of all time, maintaining its AAA rating and gaining endorsement from the IMF has been a real achievement. These are some of the reasons why Turnstone is committed to maintaining its presence in what it sees as one of the world’s premier offshore centres both now and for the future.
It is therefore no surprise that the triskellion is the Island’s symbol, and its motto, Jeceris Quocunque Stabit, which translates as ‘Whichever way you throw me, I will stand’!
Private Wealth
Whether wealth has been earned or inherited, the challenges of its preservation, growth and orderly distribution have been ever present and in today’s world of increasingly complicated international investment and taxation, planning your financial affairs, securing the best advice and structuring ownership of worldwide assets have never been more important.
Turnstone aims to provide effective solutions and make them easy to understand so that clients, their businesses, families and other personal interests can all be catered for in a holistic way.
Working with a clients’ legal, taxation and other professionals we can draw on the combined expertise of the Isle of Man office as well as that of its sister offices to put in place whatever legal structure is best suited to their needs. That might typically involve creating a combination of trusts, managed companies and foundations and, where necessary, we will draw on our extensive international network of advisors to source exactly the right advice for a given situation.
Throughout, our approach will be to maintain close contact with all the key parties to ensure excellent execution of all plans, that objectives are as closely met as possible and to be ready to address changing circumstances if they arise.
Family Office
The truly long term preservation and growth of a family’s human, intellectual and financial capital is usually only possible with careful preparation and by putting family governance at the centre of a family’s planning efforts.
The majority of families, who create substantial financial wealth, will see that wealth dissipates within three generations, and the challenge they face if they are to enrich their family members’ lives for an indefinite number of years, is how to prevent that dissipation.
Turnstone can guide families on creating the right form of governance for them and on implementing strategies and methods that can improve the family’s prospects, not just for preservation of all their capital, but for helping it to grow well into the future.
Working with all the key family members, we will document the family’s uniqueness and formalise and monitor such things as productive family meetings and a family’s mission statement and constitution.
Creating their own family office is a serious undertaking into which a far sighted family will go, because they will be looking to put in place something that they will never see to its end if successful, and we will assist with every aspect of that process and its ongoing maintenance.
Corporate Services
As well as being able to provide trust and managed company solutions to corporate clients for, say, employee benefit schemes and holding companies/VAT registration services, we can provide close ended fund services that benefit from no current regulation.
Fund services could be available for almost any sphere of investment and since each proposal is unique, we will be pleased to have initial discussions on the possibilities on offer on a no-cost basis.
Contact us
If you require any information about the services provided by Turnstone, please contact us at contactus@turnstone-iom.com - we shall be happy to assist you.