Osmai Management
Terms of business
Our terms of business
These terms of business come into effect upon the signing of this document, and provide important information regarding the provision of our services to you. If you have any questions, or require clarification on a particular matter, please do not hesitate to contact us. Osmai Management Limited is an authorised introducer for Buckingham Wealth Limited who provide wealth planning strategies. Osmai Management Limited does not provide any advice in relation to the provision of trusts and accepts no liability for the advice given by Buckingham Wealth Limited or any of its panel of professional advisers. Osmai Management Limited does not give tax, legal, or financial advice.
Our service
Osmai Management Limited will liaise on your behalf with Buckingham Wealth Limited, the offshore trustees, and any other third party directly involved in the provision of your trust planning. We will assist you with the provision of documentation on behalf of Buckingham Wealth Limited, and will be your first point of contact at all times. We may communicate with you in writing, email, or by telephone. All of our communications will be in English.
Information provided by you
In order that Buckingham Wealth Limited may provide you with a tailored recommendation you are required to disclose all information required for them to ensure it is suited to your circumstances. We may at our discretion accept verbal instructions, but these must be confirmed in writing immediately thereafter. We retain the right to refuse those instructions. It is your responsibility to provide us with complete and accurate information, and to advise us each time a transaction is made to or from the trust arranged by Buckingham Wealth Limited. We cannot be held responsible for incorrect data held in the event of client non-disclosure.
You must notify us straight away of any of the following changes to your circumstances:
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Your and/or your Company name.
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Your home and/or Company address.
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Your personal and/or Company contact telephone number.
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Change of Company Director and/or Shareholders.
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Change of Company tax year end date.
Failure to do so promptly will result in administrative costs being incurred which can become significant. Whilst such updates will be processed free of charge if we are notified within a reasonable timeframe, the Trustees will pass on their costs to any client who has not done so. We therefore urge all clients to observe and adhere to this requirement.
Best execution
We will endeavour to submit your trust application, and contributions where applicable, within 24 hours of receipt. Buckingham Wealth Limited or the trustees become responsible for the processing of them thereafter.
Conflicts of interest
Whilst it is most unlikely to be the case, if we have a conflict of interest, a material interest (other than receiving commission or fees), or we know of a third-party interest, we will do all we can to resolve that conflict. If we are unable to do so we will write to you explaining the details in full before any transaction takes place. We will also give you the opportunity to contend that interest. You may request more details about our conflict of interest policy at any time.
Third parties
These terms of business exclude any rights which may be conferred upon third parties by the Contracts (Third party rights) Act 1999.
Confidentiality
The trust administration agent (Osmai Management Limited) is registered under the Data Protection Act 1998. By receiving these terms of business, you agree that:
• Information we have about you can be held on computer and/or in paper files.
• Information you give us may be disclosed to third parties, such as offshore trustees, for the purpose of processing your application.
Under the Data Protection Act, you have the right to a copy of any personal information of yours we hold. A small charge may apply for supplying this data or information. If you have any queries in this respect please put them to us in writing. You, or your appointed agent, may (during business hours and having given us reasonable notice) whether manual or electronic inspect contract notes, vouchers, and entries within our books which relate solely to your investment trust planning. Osmai Management Limited does not give investment advice. We keep records of all of our business transactions for a minimum of five years.
Anti-money laundering
We are required under UK money laundering regulations to verify your identity before we enter into a business relationship with you. In order to fulfil this obligation, it may be necessary for us to undertake a search using electronic data sources. If conducted, this electronic check may show on your credit file as an identity check. Alternatively, we may ask you to provide documentary evidence to verify your identity. We will keep copies of any such documentation on file, and may pass them on to the product providers if required to do so.
Amendment & termination
We reserve the right to amend these terms of business at any time without your consent. We will notify you in advance of any such changes, unless unable to do so. Either party may terminate our authority to act on your behalf under these terms of business at any time without penalty. Notice of termination must be given in writing and will take effect immediately upon receipt.
Contact Us
Osmai Management LTD
Registered Agent & Office Address: