A modern day Investment Account for tax-efficient and cost-efficient investment management

January 2017

Cornhill’sFlexMax Investment Account

About Cornhill

100,000 clients worldwide

100 employees

$1.05 billion under management

established 1997

headquartered in Luxembourg

40+ countries

160+ adviser firms

www.1cornhill.com

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CORNHILL OVERVIEW

Group: $1.05bn AUM

Platform 650m

Funds 400m

Platform 62%

Funds 38%

Funds: $400m AUM

Multi-Asset 59%

Alternatives 26%

Equities 15%

Multi-Asset 189m

Alternatives 150m

Equities 61m

- Emerging Markets 30m

- Global Equities 31m

Platform includes contracted future commitments Source: Cornhill, data to 30 Sept-16

100% privately owned group founded by Derek Chambers

Multi-platform fund range – Luxembourg and Guernsey domiciled

Backing talented local investment boutiques with limited working capital and credible infrastructure

MiFID compliant fully regulated open architecture fund platform

Cornhill operates a multi-boutique platform offering a range of investment capabilities across asset classes

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Cornhill Luxembourg funds are UCITS IV regulated under CSSF

and open to retail and institutional investors

Cornhill investment account and regular investment

accounts regulated in European Union and fully MiFID compliant

For more information on Cornhill’s MiFID cross-border EU licence go to:

https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000NMUX9A

AP

Cornhill Shariah funds are regulated by the Guernsey FSC

(equivalent of the UK’s FCA) and have UK NPPR Marketing status

(National Private Placement Regime under AIFMD)

Regulatory structures for Cornhill funds

CORNHILL OVERVIEW Continued

The Cornhill family of investment funds domiciled in Luxembourg and Guernsey:

Emerging markets funds – UCITS – Africa, China, India, Latin America, South-East Asia

Ethical funds – NON-UCITS – Global Equity, Asian Pacific Equity (Shariah compliant)

Multi-Asset fund – SICAV SIF – Amathus

Alternative funds – Securitisation vehicles –Lombard 82, Paraiba, Xantis, Theseus

Cornhill’s FlexMax – a low-cost MiFID-compliant investment account for open architecture fund dealing for lump sums and regular investment

Cornhill’s advisory asset management service – CMAS – for clients with more thanGBP 250,000 to invest

Cornhill NEW Lifestyle – a regular investment plan for savers and retirement savings

We create and build tailor-made funds for clients (IFAs and institutions)We can even seed the funds giving fund advisers their break through opportunity

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PRODUCT ENGINEERING

TO BE UPDATED

Russia

Argentina

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INTERNATIONAL COVERAGE

The following fund custodians are used by Cornhill to invest client’s money efficiently into the various international investment funds:

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CORNHILL’s FLEXMAX FUND CUSTODIANS

Introducing Cornhill’sFlexMax Investment Account

No dealing charges for investment transactions if 35% of Client’s money is

allocated to Cornhill designated funds or portfolios, or if invested to funds where trail fees are generated through Cornhill’s FlexMax platform

Minimum investment only £20,000 / €25,000 / $30,000

Maximum flexibility – more than 40,000 investment funds, ETFs, bands and shares available

Low cost structure – clients may only pay GBP 50 per annum if using Cornhill designated funds or portfolios

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Suitable investment wrapper for QROPS, SIPPs, QNUPS, Offshore Trusts

FLEXMAX – CLIENT BENEFITS

No overdraft interest charged to client’s accounts

A competitive onshore EU alternative to an offshore portfolio bond

Tax-efficient for those returning to UK

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No sales charges on investment into the majority of investment funds on the

FlexMax platform

FLEXMAX – CLIENT BENEFITS

Because Cornhill’s Brokerage and Investment accounts are

NOT offshore insurance products,

but ARE onshore EU MiFID-compliant,

any gains achieved whilst not a tax payer in the UK and crystalised before becoming a UK tax resident, may be withdrawn in full after arrival in the UK tax free.

There is no need to be stuck with a Capital Redemption Bond for 20 years, when all you need to do is to take OUT a FlexMax Investment Account before returning to the UK to maximize your tax efficiencies on earnings made abroad.

We can arrange for a specific tax opinion for any client returning to the UK, upon request.

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MAXIMISE TAX EFFICENCIES IF RETURNING TO THE UK

V

Off shore Life Company

Investment funds and bonds

INSURANCE COMPANY

Investment funds and bonds

Mirror funds and bonds

ON SHORE EU = the future OFF SHORE EU = the present

For more information on Cornhill’s MiFID cross-border EU licence go to: https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000NMUX9AAP

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INVESTOR PROTECTION –SEGREGATION OF ASSETS

HIGHLY COMPETITIVE FEES FEE APPLIED PAYABLE WHEN

Annual Management and Supervision Fee

100% open architecture:

0.30% with min fee £300 and max £2,000;

With 35% invested into Cornhill funds:

0.20% with min fee £200 and max £2,000;

With 65% invested into Cornhill funds:

0.10% with min fee £100 and max £2,000;

With 100% invested into Cornhill funds:

Flat fee of £50

Per annum in advance

Establishment Fee

(IF APPLICABLE)0.25% Per quarter for UP TO 12 years

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OPEN ARCHITECTURE FEES

▪ A flexible medium-term debt instrument

▪ Issued and traded in Europe

▪ Usually has fixed interest payments

▪ EMTNs are issued directly to market

▪ Typical maturities of less than five years

▪ Offered continuously rather than all atonce like a bond issue

12% EMTN

88% other funds

The EMTN forms part of the client’s diversified investment portfolio –it is 100% capital protected and delivers a fixed return of at least 4% for Series 6 GBP

but can be higher if 20% is invested using Series 7 to earn 8% per annum

Example portfolio: EMTN or Euro Medium Term Note explained:

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LOMBARD 82 EMTN IndexLinked NOTE

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FLEXMAX ILLUSTRATION SYSTEM www.flex-max.eu

Administration and Online access

View transaction histories, performance charts and more for Cornhill Funds investments, FlexMax Investment Account investments, and Cornhill’s Regular Investment products

Online you and your clients may

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ONLINE ACCESS

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TAB 1: PORTFOLIO COMPOSITION AND VALUATION

All accounts amalgamated into one view under the first account opened:

Valuation history chart for the ‘one account’ now available

Allocation break down also now available by asset class and geographical location

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VALUATION HISTORY AND ALLOCATION BY ASSET CLASS AND GEOGRAPHY

Conclusions

FlexMax is an onshore EU product

Competitive in terms of pricing for Clients

More than 40,000 investment choices available

but anything with an ISIN can be purchased

Normally no dealing charges for investment transactions

FlexMax can also fit under many Trust partners products (SIPP/QROPS etc)

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KEY THINGS TO TAKE AWAY

Low cost structure

£50 FLAT FEE Applied when 10% is invested into Lombard 82 EMTN and

90% into Cornhill-designated Investment Funds

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FLEXMAX – CLIENT BENEFITS

Cornhill’s FlexMax Investment Account

Speak to your Cornhill Sales Representative to find out more

Cornhill Management Ltd1 Cornhill, London, EC3V 3ND, United Kingdom

E-mail: FlexMax@1cornhill.com

www.flex-max.eu

www.1cornhill.com