Take the case of China International Trust and Investment Company (CITIC).
Even if the investment-trust company can find more capital, it will still have to pay back much of the 3.1 trillion won it has borrowed against investors' deposits by the end of this year.
Glass advocates splitting it into a real estate investment trust and an operating company--something several hospital chains have done.
The investment company Alliance Trust is increasing its annual management charge for customers who use it to open a stocks and shares Isa.
Most of the guest billings were passed through the real estate investment trust portion of the company, which didn't have to pay corporate income taxes.
Since regulations separating banking from other financial industries were relaxed in 1987, the banks have snapped up all but one large investment dealer and every national trust company save one.
The company, a real-estate investment trust based in Los Angeles, said it will begin construction this spring.
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Wintrust Financial Corp. is a bank holding company that provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services.
Rather than trusting a separate law firm, accounting firm, money manager and trust company, a wealthy family can count on an investment office to orchestrate estate planning, tax, philanthropic and investment strategies.
The company's conversion to a real-estate investment trust requires it to distribute previous earnings.
Mr. Zuckerman, 75 years old, has been chairman of Boston Properties since the company went public in 1997 as a real estate investment trust.
But a close-ended fund sometimes called an investment trust has a fixed number of shares, just as any other company does, and these are traded on a stock exchange, where their price reflects supply and demand.
Rather than trusting a separate law firm, accounting firm, money manager and trust company to get it right, a wealthy family can count on an investment office to orchestrate estate planning, tax, philanthropic and investment strategies to its maximum benefit.
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