CL King

Uncovering Hidden Investment Opportunities Since 1972

header photo

Blog Component

Why Set Up An Offshore Bank Account?

Suggest to the average American that he or she might benefit by owning a foreign bank account and you'll more than likely get a questioning look and a response such as, "Why on Earth would I want to do that?"


Americans, you see, tend to have an extremely parochial attitude when it comes to their money — and they also tend to have an almost unnatural suspicion of foreign banking activities. After all, the media have ex­posed them to an unending series of foreign banking tales involving political shenanigans, financial fiascos and criminal capers.


Yet, the simple fact is, most Americans could benefit by owning a foreign bank account. Already, foreign banking — or, as it is more popularly known today, "offshore banking" — has become an important tool for thousands of legitimate and highly successful businesses and individuals.


And in today's high tech computerized satellite communications world it is easier than one could ever of believed.

Who would have believed even 5 years ago that standard simple transactions as talking to an American Express agent that the person demanding a cheque stub number could be half way around the world in India speaking better English than most Americans.
To top it off this person was probably born in a low tech mud hut and 15 years ago did not even have access to electricity and running water.


In practice, a foreign bank account gives the prudent investor the opportunity to synchronize the benefits of various banking activities and blend them into a unique profit-making and tax-saving financial strategy. For the careful and conscientious investor, it is one of the most pragmatic ways of expanding the realm of financial op­portunity, because it is one of the most creative ways of diversifying assets.


Since offshore banks don't operate within the United States (hence their name), accounts held in them are rarely subject to our state and federal laws and regulations. Offshore banks can also offer a wide range of services well beyond the legal ability of domestic banks. Through aggressive use of these services, investors can increase their profits, reduce their tax burdens and raise capital at lower interest rates — all without the restrictive maze of red tap often encountered in the United States.


There are approximately 45 jurisdictions around the world that bill themselves as offshore financial centers or banking havens. Many of these centers are remote, lack adequate support facilities or have flaws in their banking or tax laws that could affect your privacy or your rate of investment return. That does not necessarily mean you should avoid banks in these jurisdictions when shopping for a location for your foreign bank account.


However, it does mean that you should exercise additional caution, making sure the bank is well managed and offers the services, experience and security you are seeking.


As a means of increasing your wealth by diversifying your investments, minimizing your tax load and increasing your investment profit you should seriously look at obtaining one or more offshore bank accounts.

As the saying goes, do not place all your eggs in one basket.


If you are looking for financial services to help you manage your wealth, assets, make investments for you, or manage your business banking, contact C.L. King financial services.
The firm founded in 1972 provides investment banking, equity research, sales and trading, offshore and investor services to corporations and institutions. The company co-manages bond offerings, IPOs, follow-ons, secondaries, convertibles, and preferred.

Read also: The Benefits of Corporate Bonds

CL King - A Brief History of Banking

If you've ever wondered exactly how it is that modern banking originated, you're not alone. Though many of the practices of modern banking have come about only within the past one hundred years (or less), some of the early basis for modern banking can be traced back to the Middle Ages and before


Below you'll find some basic information on some of the origins of banking, from the early days of the barter system and the banks of the old empires to the moneylenders of the Middle Ages, as well as some of the more recent developments that have evolved into the modern banking system that we know and use today.


Before Banking

As some form of banking has existed for most of written history, there isn't very much information available about what life was like before banking of any form existed.
Most likely there was a barter system of some sort in place, where individuals traded goods and services for other goods and services without an official currency or exchange rate set.

Variations of the barter system continue to exist today, though it is nowhere near as widely used as it was as little as 50 years ago.


Early Origins of Banking

As early as the days of ancient Greece and Rome there was evidence of at least a rudimentary banking system in place. Coins were minted bearing the likenesses of emperors and other rulers, and goods and services were paid for using these coins in addition to standard barter.

Tribute was also paid to rulers in coins as well as goods and services, and these transactions were recorded by financial officers within the palace or government.

Unfortunately, the value of currency and the currency that could be used often varied from ruler to ruler and emperor to emperor… especially in cases where one ruler was overthrown by another and the previous ruler's coins were rendered useless.


Banking in the Middle Ages

By the time the Middle Ages came around, banking had evolved into a more stable form in the guise of moneylenders. These individuals would set up a table or bench in marketplaces, offering loans with interest much like modern banks.

Unlike modern banks, however, many of the moneylenders were corrupt and sought only to make as much profit as possible from those who needed their services.

Competition between moneylenders could be fierce, as well… after all, there was only so much of a market for their services to go around.

Moneylenders who failed in their business efforts often broke apart their bench (known as a “banca”), and it is from them that we get both the word “bank” (from the benches they did business on) and “bankrupt from the breaking apart of their benches.


Modern Banking

Obviously, banking has come quite a way from the corrupt moneylenders of the Middle Ages. Banks are now regulated by the government on a national level and are watched by a variety of groups to ensure that their practices are just.

There are also a variety of account types and banking services that have evolved from the original loans offered by moneylenders… savings, cheques, and even money market and investment accounts.

The advent of the internet has added even more banking services, and account access to a level that has never been seen before.


If you are looking for financial services to help you manage your wealth, assets, make investments for you, or manage your business banking, then contact C.L. King financial services provider
The firm founded in 1972 provides investment banking, equity research, sales and trading, offshore and investor services to corporations and institutions.

Read also: Finding Effective Offshore Banking With Good Security

What are Offshore Banking Accounts?

Offshore Banking Accounts refer to opening an account in one of the many banking or investment institutions in another country or jurisdiction. Any bank can be considered an offshore bank if it is located in a low-regulation, low-taxation, haven, jurisdictions.


Since they began, offshore banks have had a bad reputation. They have been accused of being involved in everything from tax evasion, to money laundering. The careful examination of where illicit funds are really held shows the truth of the situation. Other false accusations about offshore banks are-unsafe environments and poor regulation are untrue. Most Offshore Bank account jurisdictions are very sophisticated, with stable banking regulations. It is in their best interest to attract depositors. The regulations are bent toward meeting the needs of a depositor.


One of the benefits of having an offshore banking account is the fact that they are usually located in tax havens that provide great asset protection and confidentiality to the bank holder. This often allows for relaxed restrictions with regard to the types of accounts available to depositors and investors, there is generally a decreased tax liability. Offshore banks can be located in actual island states like, the Caymans or Channel Islands, or landlocked countries such as Switzerland. It is not imperative that the land is surrounded by water.


There are still a number of misconceptions associated with offshore banking accounts, but as a offshore bank account owner, you will need to take many of these statements with a grain of salt. You should also do a bit of homework on any offshore bank you are thinking of opening an account in. Most offshore banking accounts offer confidential and secure environments. While there are a few offshore jurisdictions that do a poor job of managing and regulating their banking institutions, if you are informed you will know these offshore banks are unsuitable for you.


Europeans have always been subject to heavy tax burdens. In the British Isles, as well as on the continent, they were faced with the burden of huge tax bills. The solution came when the small, island nation known as the Channel Islands convinced the European depositors that opening a banking account in their banks would make their deposits free from the heavy handed taxation. The European taxpayers agreed and soon the idea of offshore banking accounts became quite popular. Other jurisdictions became aware of this idea and they began changing their banking institutions, adopting banking rules and regulations that eased the concerns of investors and depositors. This was the start of the offshore bank.


Soon Offshore banking institutions were started in smaller, haven jurisdictions that offered safe, secure, practical and confidential banking regulations. Soon the rest of the world got the word and began looking into these havens as solutions to their banking needs. Unlike conventional banks, are not subjected to economic or political strife. In the past few years they have a greater use and more visibility, it has become widely known that offshore banks can be havens for funds and assets in need of secure, safe, confidential keeping.


If you are looking for financial services to help you manage your wealth, assets, make investments for you, or manage your business banking, then contact C.L. King & Associates financial services provider

The firm provides investment banking, equity research, sales and trading, and investor services to corporations and institutions.
To learn more, please visit here:

7 Online Banking Success Stories

You have seen their ads and you may have wondered if they are worth a second look. What am I talking about? Online banks! Also known as internet banks, these are financial institutions who provide the majority of their banking services over the internet. Typically, online banks offer consumers high savings rates, low loan rates, and a mix of other services. Let's look at 7 winners in this fast growing field:


1) E Trade Bank: Part of E Trade Financial, the discount internet stockbroker. E Trade Bank offers checking accounts, money markets, and certificates of deposits as well as a VISA credit card.

2) Netbank: Along with offering checking and money market accounts, Netbank provides mortgage and home equity lines of credit to customers. With tie-ins to affiliated companies Netbank also offers Auto, Homeowners, Condo/Co-op & Renters Insurance and Life, Health, Long Term Care & Dental Insurance.

3) Virtual Bank: VirtualBank, a division of Lydian Private Bank, is a federally chartered bank regulated by the Office of Thrift Supervision. The bank offers checking, savings, and credit card services to customers.

4) Ever Bank: This leading internet provider of banking services offers the most extensive, and varied services of any online institution. Ever Bank offers business and personal checking accounts, mortgages, home equity loans/lines of credit, reverse mortgages, a VISA credit card, and world currency accounts. This latter category is for investing in Deposit accounts and CDs denominated in any major world currency.

5) Emigrant Direct: Part of Emigrant Savings Bank which traces its roots back to 1850 as a service provider to Irish immigrants. Emigrant has $10 billion in assets and more than $1 billion in net worth. It operates as a full service bank through 36 branches in the New York metropolitan area, and through Emigrant offers only consumer services online; their high paying savings account is a chief investment vehicle.

6) ING Direct: ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. ING offers mortgages, loans/lines of credit, savings accounts, certificates of deposit, and money market mutual funds through another division.

7) MetLife Bank: Yes, MetLife. A division of insurance powerhouse Metropolitan Life, MetLife Bank offers savings accounts, certificates of deposit, money market accounts, mortgages, and IRAs to consumers.


If you are banking exclusively with a "brick and mortar" institution you may be missing out on high paying investment options or competitive loan rates that easily undercut many traditional banking entities. These online banking success stories are only part of a growing number of savvy providers, some of whom are definitely worth a closer look by you, the consumer.


C.L. King & Associates is a full-service investment bank and self-clearing broker-dealer founded in 1972.
Since our founding CL King has evolved from an equity boutique to a full-service investment bank. Our focus on debt and equity capital markets remains the core of our robust platform supported by a well-respected research, sales, trading and clearing operation. 
To learn more about how C.L. King & Associates ’s capabilities align with your long-term goals, please contact us at 212.364.1830
Or visit us here:

Advantage of Long Term Equity Investment

Though you would like to gain a sensible return on your investment by investing in equity, you may not have the time to endlessly track the market on a day to day basis. Equity investing also requires skill, information, and experience. While a lot of traders consider on the market, most do not succeed in getting excellent returns. This is why investing in equity mutual funds is one of the greatest ways of participating in the equity market. Here is some advantage that equity mutual funds offer:


Professional capability:

Equity mutual funds are managed by professional and qualified fund managers who have expertise and knowledge in financial markets.


Low cost of Asset Organization:

As mutual funds collect money from many investors, the cost of asset management is divided between a larger number of people, thus reducing the asset management fee per person.


Diversification Strategy:

To minimize risk, equity mutual funds raise your money across dissimilar securities of various companies across sectors. In this way, the funds seek to advantage from an increase in the sectors it invests in and also avoid the risk of default in any exacting sector or stock.


Better Regulated:

In India, mutual funds are synchronized by the Securities and Exchange Board of India, which works towards protecting investors' interests. SEBI forces simplicity on the mutual funds, which helps the investor make a knowledgeable choice. Sebi mandates mutual funds to release their portfolios commonly, which helps you maintain track whether the fund is invested in line with its purpose or not.


Long Term Investment

These schemes have a permanent maturity date wherein the scheme gets complete. These schemes are closed finished in nature. They are released for a fixed duration, at first, during which investors can give two units of the plan. After the fixed period gets over, the methods close for additional subscriptions. Units are selected only the persons who have invested through the initial opening time. The plans have preset maturities like three months, six months, 1 year, etc. After such a preset period or the maturity date, units of the investors are bought back by the mutual fund at the NAV appropriate on that day. The objective of these schemes is to provide a set income for a fixed period to the unit holders from a portfolio of a variety of balance instruments.


For more details you can consult with us at CL King & Associates.
CL King & Associates is Uncovering Hidden Investment Opportunities Since 1972. We provide investment banking, equity research, sales and trading, and investor services to corporations and institutions.
Also C.L. King’s annual Best Ideas Conference is held every September in New York City, bringing together company managements from covered (and uncovered) companies and investors for presentations and one-on-one or group meetings.

Read also: Skilled and Resourceful Equity Research Providing Precise Information

Knowing About Strategic Wealth Management

Today, there are lots of people who are enjoying their financial benefits from their salary, business, retirement, and other source of their income. They considered these things as their wealth because they work hard to earn from it. These wealth are also important for them as these help them in financing for their everyday expenses and this will be their means of living their life in the future. Bonuses, salaries and others that can be a source of money makes it to be essential in the future when you have a good and effective strategic wealth management.


Where does strategic wealth management stand?

This does not only focus on ways on how you will be able to handle and keep your money, but it also has strategies and new ways on investing something out of your wealth. If you do not apply the basics of strategic wealth management, you can reach to the point that all your saved wealth and luxuries will gone. For example, you have a small business and the money from your business was keep and saved you. As strategic wealth management is concern, you can use that money as a way of investing again from it. Eventually, you will notice that your money that comes from a single business will be doubled up. Wealth management firms will then help you in providing ways and techniques on how you will maintain that money you have earned. You can accept a wealth management advice from that aides you in making your business successful.


What if not?

Once you are not aware of what it offers, you can somehow meet failures in the future. All of your savings, financial plans and budgeting will not be successful. You are most likely to end up noting. But there are private wealth management that you can trust and rely on. They will help you rise in all your plans and objectives with regards to your business and wealth management services. These services are widely offered to people who are in need of appropriate strategies and management skills.


If you are in trouble with your wealth, all you have to do is to consult from the experts at C.L. King & Associates and they will lead you in the right way, C.L. King will teach you on handling and ways of investing from your money. Always remember that you have the right to make decisions out of your plan. The strategies and new trends on the management of your wealth are very essential when you run a large business that includes more people and investors. In that way, you can actually foresee what will be your business in the future.
To learn more please visit here:

Offshore Banking and Financial Stability

The world economy is not doing so well as before. The bad economy has caused many entrepreneurs to enter into bankruptcy. No one will ever want to suffer from financial problem during the bad economy. If you don't want to suffer from this consequence, you need to take several steps as precautions. One way to protect your finances from the bad economy is to invest your money offshore.


Offshore financial institutions are located in countries with low tax jurisdictions. With low tax jurisdiction your money will be safe from high income tax. In addition the low tax jurisdiction will protect your money from various kinds of financial instability circumstances. The low overhead cost in offshore countries enables you to take advantage of high interest rates. You will have access to all the standard banking features just like the savings accounts that are offered by local financial institutions. Some of the standards banking features you can access include wire transfer, foreign exchange, fund management, and etc.


If you live in a country with poor financial stability, it is recommended that you don't save your money in a local bank. Instead, you should save the money in an offshore bank that is located in a country with stable financial situation. In this way, you won't have risk of losing your money during a political catastrophe. You should make the decision to save the money in an overseas account now as financial troubles can take place in your native country at anytime.


Offshore banking can minimize your tax liability. They will protect your financial information from all the third parties including government bodies, judge and etc. The secrecy law practiced by offshore banks prevents people from knowing that you have an offshore bank account. Since the nineties, many businessmen have invested their money in financial institutions offshore. This has become very popular because offshore banks offer packages with attractive benefits for everyone. You don't need to be extremely wealthy to open a bank account offshore.


Offshore banking has become more and more widespread because of the advertisement in the publications. Many offshore advisers are spreading information about benefits of offshore banking to the public. Hence, more and more people are investing in offshore banks. The Dominica is one of the offshore countries where large companies invest and transfer their assets to.


The bank secrecy legislation practiced in banks ensures that government officials cannot spy on your financial affairs unless they are requesting it due to a criminal offense. They will not be able to gain information about your assets. They cannot know where you hold a credit card from the offshore bank because your name won't appear in the transaction receipt. The interest is paid to your savings account in full without deducting from it any government tax. If you plan to move to another country, you should transfer the funds to an offshore bank before leaving. This step is recommended for people which live in countries with high risk of political and financial turmoils. It will prevent your assets from getting seized by the government officials.


In industrialized countries, the residents are often forced to pay high tax. The high income tax causes your revenue to be reduced significantly. If you don't want your money to be taxed, you can transfer them to an bank account offshore. Offshore banking is a legal practice. Many high tax administrations attempt to prevent people from banking offshore by introducing publicity criminal tax evasion campaign. If you are not familiar with offshore banking you will probably think that it is associated with money laundering criminality. Many journalists also help to spread negative information about this. Although there are many offshore money laundering cases, most of the businesses that operate offshore are legal.


If you are interested in financial services to help you manage your wealth, assets, make investments for you, or manage your business banking, then contact C.L. King & Associates financial services provider.

CL King provides investment banking, equity research, sales and trading, and investor services to corporations and institutions.
Also read here: Advantages of Offshore Banking

Offshore Banking Benefits to Consider

Offshore banking involves using a bank account that is located outside one's country of residence. Such a bank account will be an asset to a business owner or the owner of a company. An offshore bank account can have some features and benefits that domestic bank accounts do not have. Most people use these accounts so as to benefit from tax advantages.


Taxes are a big headache. Some countries have very high tax rates while some have favorable tax rates. If an investor is based in a country having high tax rates, the business earnings will be taxed highly. The revenue authorities usually track business earnings by obtaining records about business bank accounts. To avoid such being the scenario, investors normally move profits to foreign bank accounts in countries that have favorable tax rates. Using foreign bank accounts is legal in most jurisdictions.


Before using such accounts, one should obtain advice from competent professionals. Advice from professionals who are well versed in financial matters can be relied upon. Such professionals include financial consultants, tax experts and accountants among other professionals. Research work will help one to know the best financial consultants in a particular town.


After obtaining all the needed advice, one should proceed forward to open an account. When opening an account, the procedures laid down by the banking institution providing the account will have to be followed. Clarifications must be obtained if one does not understand a particular procedure. Some procedures can be carried without being physically present. However, some procedures will have to be carried by visiting the offices of the bank selected.


During the process of opening an account, one will have to select the suitable type of account. There are different types of accounts. This includes savings account, current account, checking account and corporate account. Each account has its unique benefits. Businessmen will find checking accounts and corporate accounts to be very suitable. Such accounts are designed with the needs of businesses in mind.


Banking offshore is not an easy affair. This is because it involves many variables that are not well known by individuals out of the country the bank providing offshore services is located. These variables include economic variables and political variables.


The politics of the day in a country will determine whether the country will continue supporting foreign accounts or not. One therefore needs to follow the political news of the country where he has opened a foreign account. The tax policies of countries changes from time to time. If such rates increase to high levels, one will be forced to close an account. Nowadays, it is possible to obtain the national budgets of most countries online. Such budgets contain new tax rates. It is important to keep abreast with financial happenings in a country where one has a business account.


If you are interested in financial services to help you manage your wealth, assets, make investments for you, or manage your business banking, then contact C.L. King & Associates financial services provider.

CL King provides investment banking, equity research, sales and trading, and investor services to corporations and institutions.
Also read here: Wealth Management Solutions-Options Abound!

How Can I Get In On Offshore Banking Investments?

Legislative amendments to allow for the formation of Private Trust Companies has recently been introduced in the Bahamas. This demonstrates the government's commitment to the delivery of superior financial services to all clients.


The government is talking with stockholders including International Banks and Trust Companies, The Bahamas Financial Services Board among other financial institutions. A recent seminar was held to discuss the use and review of legislation as it pertains to Private Trust Companies.


A private trust company is formed for the purpose of acting as trustee of a single trust. Most of the world's wealth is held by private individuals and their families. The preservation of that wealth is what Private Wealth Management is about. PWM for families involves the creation of programs to generate wealth, protect wealth from predators, and control the transfer of wealth from one generation to the next. These services are usually geared to those individuals with a high net worth.


In 2003 the money owned by these individuals was around $29 Trillion and expected to jump to $41 Trillion by 2008. When you are talking about someone who will be interested in offshore banking investment it would most likely be someone with an amount of $100,000 to $5 million. If an investor has less than $100,000 to invest it is likely that offshore investing is right for them.


Nearly every bank with an inkling of being international offers a special rate of interest to wealthier private depositors and name it private banking. Minimums have fallen to under $10,000 in many instances. Many institutions are catering to the customer with $20,000 to invest in the hope that they will have $200,000 or $2 Million to invest in the future.


Offshore banking investment or private investment usually means investment management offered on a personalized level by the individual or company with disposable wealth of over $100,000. You should exercise care when you are thinking of opening a private banking account. You need to be sure it is the type of bank you want to do business with. Private banking is not the same as offshore banking. You will need to know the difference. Find out what any bank hopes to gain from your business before you open any type of an account.


Private banking does not necessarily mean investment. Banks like to lend money to rich people. If you deposit money with a private bank that is not accompanied by lending or borrowing is usually going to charge you a fee. Many times these banks are hoping for more involvement from wealthy depositors in the future.


If you are a wealthy individual, you will undoubtedly be bombarded by offers from many different banks who want you to deposit your money in their institution. Whether you will choose an offshore or conventional bank will depend on your residential status. If you plan to have residence in a low tax area, or plan to do so in the near future, than you will probably want to do business with an offshore bank.


You will need to know everything about the bank you choose before you become involved with it. You will be able to choose the right bank for your particular needs once you have looked into what they are able to offer you.


If you are interested in financial services helping you manage your wealth, assets, make investments for you, or manage your business banking, and then you should contact C.L. King & Associates financial services provider

The firm provides investment banking, equity research, sales and trading, and investor services to corporations and institutions.
Also read here: CL King's Financial Services Help Manage Money

Banking and Finance Careers

We all use math daily. While many of us just use the basics to keep track of how much money we gave and the change we should get, those who want to purse banking and finance careers do more than that to keep their clients happy.


People who work in banking and finance are paid well for the work that they do. Four of the fields that many professionals get into include accountancy and tax, Insurance, investment banking and retail banking. Let’s talk about each of these.


For people to work in accountancy and tax, you need to graduate and get your CPA or certified public accountancy license. To learn more about what you will be doing, many have to complete an on the job training with a legitimate accountancy firm.

The training period is about three years and afterwards, you can continue on staying with them, working for another firm or going into private practice.


Insurers just like accountants need to be licensed. This varies from state to state so you have to study and then pass the exam. Once you do so, your career may get you to sell property or casually insurance and life or health insurance.


You should also take further classes in the future because although you have your license already, rules change and you have to be aware of them.


Perhaps the biggest challenge selling insurance is deciding whether to work for an insurance company or doing this on your own. There are advantages and disadvantages doing both. When you are employed, you get a basic salary while those who decide to work for themselves can only make money earning commissions when a sale is made.  How well you do is entirely up to you.

Investment banking is different from regular banking because you are there to raise capital for a company by issuing shares or bonds. Later on, you may even work with a team that advises companies regarding mergers and acquisitions.


Also under investment banking is capital markets. Here, the professional is tasked with trading bonds stocks and other financial products to increase the portfolio of the client.

But before you get into that, most entry levels personnel start out doing research first about certain companies and who are their competitors. Their information is then passed on to the account managers who will then advice the client.


Lastly is retail banking which many of us are aware of because these are the people we meet in the bank from the teller to the bank manager when we need to deposit or withdraw cash and apply for a loan.

Unlike accountancy or insurance, you don’t need to get a license to do this kind of work. You just have to be customer oriented with strong interpersonal and communication skills since you will be dealing with people.


Tax and accountancy, insurance, investment banking and retail banking are the four basic types of jobs for anyone that wants to pursue a banking and finance career after graduation from college. Career progression in any of them is excellent and this can only happen with additional training and at times a license.

This can be achieved by part time study so all you have to do now is weigh your options and then go for it.


C.L. King & Associates is a full-service investment bank and self-clearing broker-dealer founded in 1972. At C.L. King & Associates, we enjoy a strong sense of pride and teamwork. Committed to professional development, C.L. King nourishes the strength of its dedicated team members.
Recent MBA graduates or MBA candidates looking for internship opportunities in financial services can submit their resume to

Also read here: A Guide to Land Banking by CL King

View older posts »



There are currently no blog comments.