Since 1996, ENR Asset Management, Inc. has helped U.S. investors diversify their portfolios abroad for trustee and safe-keeping purposes. It’s our mantra that investors should maintain some tax compliant wealth overseas as a hedge against domestic economic uncertainty and unprecedented government and state deficits. Since the financial crisis in 2008, sovereign government debt levels have surged virtually everywhere, mostly above 100% of gross domestic product or GDP. Some nations harbor debt levels of 200% or more above GDP.
Maintaining a prudent allocation of wealth across borders has become paramount amid rising deficits, spendthrift governments and unorthodox central bank money-printing since 2009. A private banking relationship outside of your home domicile can protect your wealth and provide you with ‘peace of mind’ in today’s highly uncertain world.
ENR manages client assets in Europe and in the United States vis-à-vis credible and established financial institutions. These institutions hold client assets for trustee and safekeeping purposes.
ENR does not handle individual securities or act as a custodian/trustee. Its role is strictly one of investment advisor or managing and advising client portfolios. Each managed account requires a credible financial institution to safeguard and trade global securities on that client’s behalf. All securities are held in the client’s name or vis-à-vis a company, trust or foundation and are kept in-trust for safekeeping purposes via a European private bank or at a U.S. financial institution. All ENR clients are fully tax compliant and must provide proof of said income taxes as part of the account-opening process.
ENR’s primary international private banking hubs are located in Vienna, Austria and Zurich, Switzerland. Our oldest private banking relationship remains at Wiener Privatbank SE in Vienna (previously Valartis Bank Austria AG) since 1997 and Bank Winter AG in Vienna since 2014. In Switzerland, ENR’s banking services are offered through Zurich-based Vontobel Bank AG since 2015.
In the United States, Interactive Brokers LLC is our core brokerage relationship offering the lowest-cost trading platform for discount brokerage clients. For accredited U.S. investors, we also offer portfolio management at RBC Private Banking in Montreal.
ENR Asset Management, Inc. charges a competitive fee structure, which declines as assets increase beyond certain threshold minimums. The annual management fee ranges between a maximum 1.5% (under $1 million in assets) to a minimum of 0.75% per annum on assets over $5 million dollars. Standard Advisory accounts are charged a quarterly fee in arrears at a maximum rate of 0.5% per annum. Advisory Extra accounts are charged a quarterly fee of 1.0% per annum for accounts up to $1 million dollars or 0.75% per annum for accounts above $ 1 million dollars.
Bank trustee and safekeeping fees typically range between 0.15% and 0.55% in Austria and Switzerland, depending on the account balance. Where possible, we try to arrange lower trustee and safekeeping fees for our clients. ENR does not receive any retrocession fees or commissions for introducing clients and 100% of a client’s assets are deposited at a European private bank without any fees or commissions levied. There are no trustee fees at Interactive Brokers LLC.
In addition, ENR provides monthly discretionary managed account statements, including a monthly commentary on portfolio performance, no later than the 30th day following the month under review.
All clients receive a complimentary copy of the monthly ENR Market Outlook via email.
Please be advised that E.N.R Asset Management, Inc. is not registered or licensed in Quebec or in any other Canadian province and therefore does not accept or solicit assets from Canadian investors.
Bien que le siège social de E.N.R. est situé a Montréal, nous tenons a vous aviser que les services proposes sur notre site internet ne s’adressant pas aux résidants du Québec ni aux residants des autres provinces et territoires Canadiens.
