Global Select offshore bond is a single-contribution investment bond from Hansard International that offers major benefits over direct investments in stocks, structured notes, or other assets.
The product is structured as life assurance policy, available as a capital redemption option or as a life assurance insurance with lump-sum deposits allowed.
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Global Select Offshore Bond Features
The three currencies that clients can select from are US dollars, British pounds, or euros when their contract is issued.
A one-time payment of 50,000 is all you need to secure a contract, with optional top-ups worth at least 5,000.
Even if the client moves abroad, they can continue to manage and maintain their investment portfolio because the policy is portable, i.e., it’s not reliant on their place of residence.
Global Select reduces time and expenses while offering recipients financial stability by streamlining portfolio management. It does this by combining all investments into a single administration system.
Depending on the client’s tax situation, the plan also provides tax planning advantages including possible withdrawal allowances.
Global Select also gives customers the option to contract with experts to handle their investments, which lowers the advising risk and frees up extra time for financial planning.
The newly designed web portal from Hansard International will be used for submission and administration of all Global Select business.
You must first pre-register in order to access the portal.
Global Select Investment
Clients of Global Select have the chance to create an investment portfolio that is specifically suited to meet their needs.
It permits the designation of a discretionary manager or investment advisor, the transfer of current assets without upsetting the market, and round-the-clock access to policy specifics via a digital platform.
Customers who combine their investments under Global Select can use a Hansard Online Account to track the performance of both individual assets and their entire portfolio.
There is no cap on how much assets can be held when using Global Select. With so many markets and asset classes at their disposal, clients can choose among:
- Funds
- ETFs or Exchange-Traded Funds
- Shares
- Fixed-Term Deposits
- Fixed Interest Securities
- Structured Products
A stringent asset acceptance procedure is part of Global Select, which guarantees that every asset is appropriate for administration.
If clients achieve the acceptance criteria, they can move current assets into their Global Select contract. It is imperative that clients comprehend the risks linked to various asset classes.
Global Select Fees
Allocation Charge: Each contribution has between 1% and 8% withheld. One percent is used to fund Hansard’s setup and administration; the remaining amount is sent as a commission to your independent financial advisor for their guidance.
Service Charge: A yearly fee of 675 USD / 525 pounds / 625 euros is applied for the duration of the contract.
Dealing Charges: Each asset sale or acquisition entails a fee of 50 USD, 37.50 pounds, or 45 euros.
Discretionary Managed Account Charges: At the conclusion of each calendar quarter, a custody charge of 300 USD / 225 pounds / 275 euros is subtracted from your primary investment account if a discretionary managed account is maintained.
Asset Transfer Fees: Upon completion of an asset transfer, a fee of USD 65, GBP 50, or EUR 60 is imposed for each asset transferred into or out of the contract and is subtracted from the plan’s cash.
Bank Transfer Fees: There may be fees associated with transferring funds or deducting payments from your policy.
Currency Conversion Fees: When buying or selling assets that involve multiple currencies, there is a currency conversion cost that is charged.
Who can invest in Global Select offshore bond?
- Those who are 18 or older.
- Those who want to diversify your investments across various assets, including different currencies and international markets.
- Those who have at least 50,000 USD/pounds/euros to invest for the medium to long term.
- Those who can handle the risk of investments going up or down in value.
- Those who plan to keep some cash in their account to manage market changes, buy assets, and cover future costs.
- Those who prefer a straightforward and secure online platform to manage their investments.
Global Select might not be appropriate for people without additional savings or investments, or without a lump sum to invest.
A shorter investment horizon of five to ten years is likewise less suitable, as the product is intended for long-term financial objectives such as funding education or augmenting retirement income.
Those who cannot bear the possibility of losing their investments, as well as those who are categorized as Politically Exposed Persons or who have a strong relationship with a PEP, might find it unsuitable.
Seeking advice from independent financial advisors is advised for customized investing approaches.
In addition to their independent financial advisor, clients can designate an investment advisor or discretionary investment manager to assist in managing and structuring their investment basket according to their wishes.
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