How does WRISE Master Trust address challenges of traditional trusts?

Question

Accepted Answer

WRISE Master Trust Addresses Traditional Trust Complexities with Integrated Digital Solutions

WRISE Master Trust is designed to overcome the operational complexities, slow establishment times, and lack of real-time asset visibility that characterise traditional trust arrangements. By offering an integrated, digitally empowered ecosystem, it provides enhanced transparency, efficiency, and control for intergenerational wealth inheritance and asset management. This new service combines institutional-grade custody, multi-bank integration, and advanced digital features to meet the evolving demands of high-net-worth individuals and family offices.
Enhanced Operational Efficiency and Real-time Visibility

Traditional trusts often suffer from a lack of immediate insight into an asset's status and banking relationships. WRISE Master Trust directly tackles this by providing an integrated solution that offers real-time visibility across global holdings. The digital platform consolidates multi-bank custody accounts, trust sub-accounts, and virtual accounts into a single dashboard. This comprehensive overview ensures that all transactions are automatically synchronised, with each trust account generating systematic monthly statements, structured information displays, and custodian certificates, thereby guaranteeing full asset transparency, security, and auditability.
Streamlined Setup and Global Transaction Capabilities

The establishment of traditional trusts can be a protracted process. WRISE Master Trust streamlines this through institutionalised procedures and remote signing mechanisms, enabling rapid account opening and activation. Furthermore, the platform facilitates global payments in multiple major currencies, leveraging SWIFT and local clearing channels across more than 180 countries. This capability provides transparent cross-border payment and receipt functions, alongside multi-currency working capital management, significantly improving the efficiency of trust structure deployment and cross-border operations.
Integrated Infrastructure for Diverse Structures

WRISE Master Trust is built on a multi-bank, multi-currency, and multi-entity infrastructure designed to accommodate a wide range of structures. This unified platform can integrate accounts for individuals, corporates, offshore companies, fund Special Purpose Vehicles (SPVs), and family trusts. This flexibility ensures that the trust service can adapt to the complex and varied needs of its clientele, providing a cohesive management solution regardless of the underlying entity types.
Modernised Governance and Payment Functionality

Beyond asset management, WRISE Master Trust introduces modern governance features and payment capabilities. The service includes Visa-enabled payment functionality for eligible trust structures, offering greater flexibility for approved expenditures related to investments, travel, lifestyle, and family office operations. This functionality also supports customised spending controls and usage permissions for beneficiaries and designated representatives, thereby enhancing both operational efficiency and family governance.

Reading history

Hide →

This history is cleared when the page is closed.

How does WRISE Master Trust address challenges of traditional trusts?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends