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Foreign Affiliates

Foreign clients can take advantage of the security and liquidity as well as the account features, products and technologies available from Bank of New York Mellon’s clearing and custody platform Pershing, LLC. We maintain relationships with consultants on a worldwide basis. As our secure systems to access to account information, trading and account maintenance are available through the internet on a worldwide basis, we can accommodate business from a large number of foreign jurisdictions.

Exceptional Privacy and Confidentiality Protections

The privacy and confidentiality protections for client accounts at U.S. broker dealers are among the most stringent of any jurisdiction worldwide. U.S. regulations impose strict requirements for maintaining the confidentiality and privacy of client account information. Our clients can review account activity, positions and gain/loss information through our secure systems accessible anywhere an internet connection is available through Net Exchange Client.

Access to all Major Global Exchanges and Currencies

Our International Trading Desk through Pershing, LLC offers traders and investment clients multicurrency execution capabilities in over 65 exchanges through local relationships, third-party electronic access, and Pershing, LLC’s own exchange memberships. The desk employs an approach that puts client interests first. Our fixed income traders also provide the support to buy and sell global fixed income securities and non-U.S. dollar-denominated bonds with extensive market experience. With the ability to execute in nearly 50 currencies, the Foreign Exchange Desk can help our advisors and their clients to succeed globally by easily facilitating currency conversion.

Offshore Mutual Funds Structured for Foreign Clients

Our platform offers more than 2,000 offshore mutual funds which are specifically structured for the foreign clients. These funds offer substantial privacy protections and tax benefits available only to non-citizens of the US. They are generally administered from stable tax-haven jurisdictions such as Luxembourg, Bermuda and Ireland and are exempt from tax withholding for dividends interest and capital gains. Clients can use these investment products to achieve broad portfolio diversification across asset classes, foreign and domestic markets, as well as currencies.

Open Platform for Fixed Income Securities and Emerging Market Bonds

Our fixed income platform through Kovack Securities, Inc., and Pershing, LLC, provides our investment professionals and their clients with access to over 90 dealers in corporate, government and emerging market bonds as well as structured products, certificates of deposit and commercial paper. In addition to these dealers, Delray Financial Group LLC maintains relationships with other major institutional bond dealers to ensure that our clients have the broadest possible access to competitive pricing for their fixed income investments.

Access to funds at ATM terminals Worldwide

Clients can access the funds in their accounts and make purchases with the Visa/ATM-Debit card at banks, ATM terminals, retail establishments, hotels and restaurants throughout the world. We also offer an international charge card for foreign clients who want a $U.S. denominated credit card. Our platform provides a robust collection of financial management features including on-line banking, ACH funds transfer and automated bill payment.

Enhanced Liquidity with Access to Low Cost Credit

Our low cost margin and collateralized loan rates allow clients to achieve maximum liquidity in their investment portfolios by providing credit secured by portfolio assets. The rates available to our clients are substantially lower than those of more traditional lending sources such as banks and credit card companies and allow clients access to funds without the need to sell account positions.

International Trusts

International trusts are flexible instruments that can be designed to meet the client’s personal, family, and/or business needs. We can help structure a wide range of trusts that can be built to suit the client’s individual needs and circumstances. These include discretionary trusts, fixed interest trusts, accumulations and maintenance trusts, reserve powers trusts, private trust companies and Sharia-compliant trust. Our investment professionals can assist in the design and implementation of the optimum trust vehicle to accomplish the client’s objectives.

Securities are cleared and assets are held through Pershing, LLC, a subsidiary of
THE BANK OF NEW YORK MELLON CORPORATION
Member New York Stock Exchange, FINRA, SIPC

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