Sign up for a FREE newsletter to learn about the latest inside secrets to wealth-building, tax-saving tips and strategies for your successful financial roadmap...PLUS you'll receive a FREE downloadable eBook on precisely how the surefire Ultra Trust® - the Irrevocable Trust Asset Protection program developed by an Award-Winning Estate Planner - can save you thousands of dollars of legal fees; save you hundreds of hours of your valuable time; reduce your taxes completely legally; secure your privacy, preserve your money and protect your assets in one easy, fast step-by-step plan...

* required

Email Address: *

First Name: *

Last Name:

We never share your email information with third parties. We collect your email address so you can benefit from money-saving tips. For more information please review our privacy policy. Powered by VerticalResponse

RSS 2.0 - Subscribe to feed

What is a Private Bank? Foreign-Licesed Banks: Class "A", Class "B", Class "C"

If you have $1million and you have a sphere of influence of $100 million or more, a foreign licensed private bank is practically a license to have your own printing press.

A foreign private bank, is nothing more than a corporation, licensed to do banking.

The 3 Classes of Private Banks:

Class "A" private banks are similar to Bank of America, City Bank, Fleet, BankBoston, etc. Class "A" foreign banks are allowed to take deposits from the public, at large, similar to any large bank.
Class "B" are licensed to do banking within their industries, i.e. GE Capital. They Cannot do business with the public, at large.
Class "C" banks are name-plate banks doing business as individuals for their own personal accounts.

When properly capitalized, approved, and implemented, a foreign bank has no accountability as to the types of financial transactions it may enter forWhen properly capitalized and professionally managed the bank has NO limits to it's profitability profit. A foreign class "A" bank, when properly capitalized and professionally managed has no limits to it's profitability.

"It's practically a license to print money."

Not available to IRS definition of "US Persons."

Please read our disclosure/disclaimer, it's there for your protection.

Rocco Beatrice, CPA, MST, MBA, Managing Director, Estate Street Partners, LLC.
Mr. Beatrice is an asset protection, award-winning trust and estate planning expert.

If you are seeking for an Alternative, Uncompromising & Exclusive Estate Planning & Wealth Preservation Chartered Roadmap to Your Accelerated Financial Success then call us now for a completely FREE, no obligation, no sales pressure, 100% total & complete client privacy consultation. Call us now at 508-429-0011!

*required fields		Sign up for our FREE newsletter to learn about the latest inside secrets to wealth-building, tax-saving tips and strategies for your successful financial roadmap...PLUS you'll receive a FREE downloadable eBook on precisely how the surefire Ultra Trust® can save you thousands of dollars of legal fees; save you hundreds of hours of your valuable time; reduce your taxes completely legally; secure your privacy, preserve your money and protect your assets in one easy, fast step-by-step plan....
Email Address:*
First Name:*
Last Name:

We never share your email information with third parties. We collect your email address so you can benefit from money-saving tips. For more information please review our privacy policy.

Estate Street Partners, LLC
Uncompromising, Alternative and Exclusive Estate Planning & Wealth Management for an Accelerated Chartered Roadmap to Financial Success
71 Commercial Street #150, Boston, MA 02109
toll-free: 888-93-ULTRA (888-938-5872)
tel: +1.508.429.0011 fax: +1.508.429.3034
Only by appointment: 2235 E. Flamingo Road, Suite 201-G, Las Vegas NV 89119
toll-free: 888-93ULTRA (888-938-5872)
tel: 702.615.7616 fax: 702.796.6694

| Del.icio.us | Google | Furl | Yahoo MyWeb

Netscape | reddit | Spurl | Connotea | Squidoo

Technorati | ma.gnolia | Earthlink.net | Backflip

RawSugar | Shadows | Simpy | StumbleUpon