Trust and Fiduciary Services. Professional Advisors: Enjoy an Enduring Relationship with RBC

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1 Trust and Fiduciary Services Professional Advisors: Enjoy an Enduring Relationship with RBC

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3 Earning the Right to Become Your Clients First Choice As a professional advisor, not only will you identify your clients needs for a trust, but you are also likely to play a central role in the selection of a service provider. At RBC Wealth Management, we recognize that you will continue to be involved in the management of your clients affairs far beyond the initial appointment of a trustee. For this reason, we believe that collaboration is as important as the expertise and experience you expect us to demonstrate as fiduciaries. By working in partnership with you, we are better placed to help your clients realize their goals. It is through building relationships, delivering expertise and offering choice that we aim to earn the right to become your clients first choice. TRUST AND FIDUCIARY SERVICES 1

4 A Business Built on Solid Foundations One of the deciding factors when choosing a trustee should be the quality of the institution. People want a service provider they can trust one that can provide a safe and secure environment for their assets, particularly during periods of uncertainty. RBC Wealth Management is one of the world s largest wealth managers and is dedicated to providing tailored solutions to meet the financial needs of high net worth individuals and their families. Operating across the major financial centres, our team of over 11,000 wealth management personnel provides international financial services to residents of over 150 countries, helping them to grow, protect and distribute their wealth. What has long differentiated RBC Wealth Management from other financial institutions is the strength and stability of our parent company, Royal Bank of Canada ( RBC ). Established in 1864, RBC is Canada s largest bank, by assets and market capitalization, and one of North America s leading financial institutions, employing approximately 80,000 people in offices across Canada, the US and over 40 countries around the world. Serving more than 15 million personal, business, public sector and institutional clients, RBC is recognized as one of the world s safest banks, with a solid liquidity and capital position, a proactive approach to risk management and credit ratings that are among the highest of any financial institution. 2 RBC WEALTH MANAGEMENT

5 Innovation Underpinned by Reputation Today s clients want more from a trust jurisdiction than access to world-class solutions and service providers they want the peace of mind that comes with knowing it will continue to play a leading role in wealth planning for years to come. Since first opening an office in Jersey in 1962, RBC has continued to expand its fiduciary offering on a global scale and now has offices in 10 jurisdictions across Asia, the British Isles, the Caribbean, Europe and North America. RBC s extensive international presence enables us to provide clients with a large degree of choice as to where their trust is established, as well as access to a wide range of legal and tax regimes. This means that we are well placed to utilize the planning environments most favourable to our clients needs and deliver fiduciary solutions that span multiple trust jurisdictions. In an age where a financial centre s standing has never been so important, our clients can also take comfort from the fact that RBC only operates in the most reputable jurisdictions, recognized for their compliance with international regulatory and reporting standards. Critically, these jurisdictions possess the key attributes required for the successful creation and management of trusts, including political and economic stability, world-class infrastructures, solid judiciaries and innovative planning laws. Channel Islands Guernsey United Kingdom London United States Delaware Channel Islands Jersey Caribbean Bahamas Europe Geneva Caribbean Cayman Islands Asia Hong Kong Caribbean Barbados Asia Singapore TRUST AND FIDUCIARY SERVICES 3

6 Delivering the Best of Both Worlds Only by acting independently and examining what the whole market has to offer can a trustee truly claim to be acting in the best interests of clients. We firmly believe that our clients receive the best of both worlds when they select RBC as their service provider. This means that while our clients enjoy the kinds of benefits that can be expected from large financially sound institutions like RBC, such as stability, continuity and an international network of expertise, they also have seamless access to third-party products and services. Unlike some of our competitors, we encourage our trust professionals to act independently by assessing the competitiveness of RBC s offering against what the rest of the market has to offer. This ensures our clients receive best-in-class solutions, whether available in-house or through third-party providers. Furthermore, in many of the jurisdictions where we operate, we employ specialist manager research and performance monitoring teams. Independent of RBC s investment arm, their unbiased analyses and reports enable our trust professionals to make more informed decisions regarding the suitability of investment managers. 4 RBC WEALTH MANAGEMENT

7 Trusts as Diverse as Your Clients Needs A diverse asset base no longer just means a wide spectrum of investment products. Many clients now place as much importance on preserving assets that carry great personal, emotional or sentimental value. One of the main things that sets RBC apart from other trust and fiduciary service providers is the variety of assets we have under our care. Across our international network of trust offices, we manage an array of financial and non-financial assets, ranging from cash, marketable securities and other investment products to private companies, artwork, real estate, jewellery and yachts. Our diverse asset base can be attributed not just to our appetite to take on a broad range of assets and the skills we possess to manage them effectively, but our tailored approach to trusteeship. We don t place any restrictions on the types of assets that can be held with us and will always endeavour to provide an honest assessment of the merits of using trusts in relation to a particular asset or scenario. In contrast, many trustees will be guided by their parent company s preference to manage certain asset classes over others, particularly those that serve to increase assets under management. TRUST AND FIDUCIARY SERVICES 5

8 The Team Around You Excellence is not only defined by the depth and breadth of a provider s service offering, but their ability to harness the knowledge and expertise around them. At RBC, we believe that clients advisors should remain at the heart of the estate planning process. As well as working alongside legal, accounting, tax and other professionals to establish a trust or other fiduciary structure in line with clients objectives, we continually call upon their expertise to ensure that the structure evolves to reflect any changes in the clients needs or circumstances. In addition to maintaining strong relationships with clients advisors, we place equal importance on working in partnership with RBC s finance professionals in key financial centres around the world. Our philosophy is that all clients should be able to benefit from the wealth of knowledge that exists across our business, regardless of where their relationship is based. To achieve this, we assign a principal point of contact and dedicated relationship team to each client. This approach ensures that they receive a highly personal service while enjoying seamless access to RBC s extensive range of award-winning wealth management solutions, including banking and cash management, investment solutions, custody, and credit and treasury services, through a single conduit. Initial and regular meetings with clients and their advisors Ongoing administration and reporting Client Assessment of clients needs Implementation and restructuring RBC Advisors Review of structure in light of changing circumstances Development/ enhancement of structure 6 RBC WEALTH MANAGEMENT

9 We re Only as Good as Our People With the world s wealth no longer confined to particular regions, trustees need more than just an understanding of the international planning issues affecting their clients they need to specialize in them. RBC s reputation as one of the leading providers of trust and fiduciary services can be attributed to the quality of our team of more than 650 private client and corporate trust personnel. We take pride in the depth and breadth of professional qualifications many of them hold, which range from specialist credentials in trust and estate planning to accountancy, law, investment and taxation designations. To ensure our trust professionals are best placed to serve our global client base, they operate in specialist teams responsible for managing the business and financial interests of clients from particular markets and countries. Collectively, they undertake planning across common, civil and Shari a law jurisdictions, covering the Americas, Europe, Asia, the Middle East and Africa. Operating across our international network of trust offices, these teams possess an in-depth knowledge of the legal, tax and regulatory issues affecting their clients, and a thorough understanding of the unique social and cultural values that often determine their service needs and requirements. Many of these teams can also provide access to bilingual trust professionals, with English, Russian, Spanish, Portuguese, French and Mandarin among the many languages spoken across our trust business. A REPUTATION FOR EXCELLENCE We are proud that the calibre of our services and the professionalism and excellence of our people have also been recognized by various prestigious industry bodies and publications. Our international trust and fiduciary business has received numerous awards and accolades over the years, including: n Institutional Trust Company of the Year Citywealth Magic Circle Awards n Best Trust Company WealthBriefing Awards n Best Trust Services in Cayman, Jersey and the UK Euromoney Private Banking Survey n UK Offshore Trust Company of the Year Citywealth Offshore Awards n Outstanding Wealth Planning and Trust Provider Private Banker International Global Wealth Awards n Institutional Trust Team of the Year Society of Trust and Estate Practitioners Private Client Awards n Top 25 Most Admired Companies Private Client Practitioner n Top 25 Trust Companies Private Client Practitioner TRUST AND FIDUCIARY SERVICES 7

10 Our Invitation to You To find out more about how we can help you achieve your needs, please call your Relationship Manager or speak to a member of our trust and fiduciary services team at one of the following offices: Bahamas Royal Bank of Canada Trust Company (Bahamas) Limited Lyford Cay House Western Road PO Box N-3024 Nassau, NP Bahamas Telephone: +1 (242) Facsimile: +1 (242) Geneva Roycan Trust Company S.A. Rue du Stand Geneva Switzerland Telephone: +41 (0) Facsimile: +41 (0) London Royal Bank of Canada Trust Corporation Limited Riverbank House 2 Swan Lane London, EC4R 3BF Telephone: +44 (0) Facsimile: +44 (0) Barbados Royal Bank of Canada (Caribbean) Corporation and Royal Bank of Canada Financial Corporation Chelston Park Second Floor, Building 2 Collymore Rock, St Michael Barbados Telephone: +1 (246) Facsimile: +1 (246) Guernsey RBC Trustees (Guernsey) Limited PO Box 48 Canada Court, Upland Road St Peter Port Guernsey GY1 3BQ Telephone: +44 (0) Facsimile: +44 (0) Singapore RBC Trust Company (Singapore) Pte. Ltd. 20 Cecil Street #28-01 Equity Plaza Singapore Telephone: + (65) Facsimile: + (65) Cayman Islands Royal Bank of Canada Trust Company (Cayman) Limited 24 Shedden Road Royal Bank House 4th Floor George Town, Grand Cayman Cayman Islands KY Telephone: +1 (345) Facsimile: +1 (345) Hong Kong Royal Bank of Canada Trust Company (Asia) Limited 17th Floor, Cheung Kong Center 2 Queen s Road Central Hong Kong Telephone: + (852) Facsimile: + (852) trustinfo@rbc.com Delaware RBC Trust Company (Delaware) Limited 4550 New Linden Hill Road, Suite 200 Wilmington DE Telephone: +1 (302) Facsimile: +1 (302) Jersey RBC Trust Company (International) Limited La Motte Chambers St Helier, Jersey JE1 1PB Telephone: +44 (0) Facsimile: +44 (0) RBC WEALTH MANAGEMENT

11 This publication has been issued by Royal Bank of Canada on behalf of certain RBC companies that form part of the international network of RBC Wealth Management. RBC Wealth Management offers trust and fiduciary services via the principal operating companies detailed below. Services outlined may be provided by a variety of Royal Bank of Canada subsidiaries and offices, either independently or acting together, operating in a number of different jurisdictions. You should note that the applicable regulatory regime, including any investor protection or depositor compensation arrangements, may well be different from that of your home jurisdiction. Some of the services detailed in this document are not offered in all jurisdictions and may not be available to you. You should carefully read any risk warnings or regulatory disclosures in this document or any other literature enclosed with this document or forwarded to you by Royal Bank of Canada s subsidiaries or affiliates. This document is intended as general information only and is not intended as tax, legal, investment or other professional advice. You should always obtain independent professional advice particular to your individual circumstances. The information in this document is based on sources considered reliable at the time, but no representation is made regarding its completeness or accuracy and no obligation is undertaken whatsoever to update it for any changes of law or interpretation. Royal Bank of Canada, its affiliates and subsidiaries and their officers, directors, employees and agents are not responsible for and will not be liable to you or anyone else for any damages whatsoever (including direct, indirect, incidental, special, consequential, exemplary or punitive damages) arising out of or in connection with your reliance on the document, even if the Royal Bank of Canada, its affiliates or subsidiaries or their officers, directors, employees or agents have been advised of the possibility of these damages. IRS Circular 230 Notice: To ensure compliance with requirements imposed by the Internal Revenue Service (IRS), we inform you that in compliance with the U.S. Federal Tax Regulations, unless expressly stated in writing otherwise, any discussion of tax matters contained in this communication (or any attachment hereto) is not intended or written to be used as and cannot be used as or considered to be a covered opinion or other written tax advice; and should not be relied upon by any person for the purpose of (i) avoiding any Internal Revenue Code (IRC)-related penalties that may be imposed on a taxpayer or (ii) promoting, marketing or recommending to another party any transaction or tax-related matter(s) addressed herein (or attachments hereto) for IRS audit, tax dispute or any other purpose. The addresses and main regulators of the principal RBC Wealth Management companies providing trust and fiduciary services: Royal Bank of Canada Trust Company (Bahamas) Limited: Lyford Cay House, Western Road, PO Box N-3024, Nassau, NP Bahamas: Regulated by the Central Bank of the Bahamas. Royal Bank of Canada (Caribbean) Corporation and Royal Bank of Canada Financial Corporation: Chelston Park, Second Floor, Building 2 Collymore Rock, St Michael, Barbados: Regulated by the Central Bank of Barbados. Royal Bank of Canada Trust Company (Cayman) Limited: 24 Shedden Road, Royal Bank House 4th Floor, PO Box 1586, George Town, Grand Cayman KY Cayman Islands: Regulated by the Cayman Islands Monetary Authority. RBC Trust Company (Delaware) Limited: 4550 New Linden Hill Road, Suite 200, Wilmington DE 19808: Regulated by the State of Delaware Office of the State Bank Commissioner. Roycan Trust Company S.A.: Rue du Stand 56, 1204 Geneva, Switzerland. RBC Trustees (Guernsey) Limited: PO Box 48, Canada Court, Upland Road, St Peter Port, Guernsey GY1 3BQ, Channel Islands: Registered company number 37379: Regulated by the Jersey and Guernsey Financial Services Commissions. Royal Bank of Canada Trust Company (Asia) Limited: 17th Floor, Cheung Kong Center, 2 Queen s Road Central Hong Kong: Regulated by the Mandatory Provident Fund Schemes Authority. RBC Trust Company (International) Limited: La Motte Chambers, St Helier, Jersey JE1 1PB, Channel Islands: Registered company number 57903: Regulated by the Jersey Financial Services Commission. Royal Bank of Canada Trust Corporation Limited: Riverbank House, 2 Swan Lane, London EC4R 3BF. RBC Trust Company (Singapore) Pte. Ltd: 20 Cecil Street, #28-01 Equity Plaza, Singapore : Registered company number K: Regulated by the Monetary Authority of Singapore (licence number TC ). Trademark(s) of Royal Bank of Canada. Used under licence.

12 CA/JAN 15/ (03/2014)