Anti-Money Laundering and Counter-Terrorism Financing

LGT Holding (Australia) Pty Ltd is part of the LGT Group (LGT). LGT is a leading international private banking and asset management group that is fully controlled by the Princely Family of Liechtenstein.

As at 31 December 2021, LGT managed more than A$431.5 billion in assets for wealthy private individuals and institutional clients.

LGT is headquartered in Vaduz, Liechtenstein, and employs over 4,100 people who work out of more than 20 locations in Europe, Asia, the Americas and the Middle East.

LGT provides a wide range of investment products as well as lending and trading solutions to its clients. The offering includes advisory services, portfolio management, wealth planning and structuring, family governance, alternative investments, sustainable investments, securities and foreign exchange trading, financing and lending.

As a result of a shareholder and court-approved scheme of arrangement, Crestone is now wholly-owned by a subsidiary of the LGT Group. This means you still have the long term focus of a local privately owned firm, but with the added scale and access of a truly global company.

Your adviser’s and the Wealth Management team’s email address will change over time from [email protected] to [email protected]. The website address will also change from www.crestone.com.au to www.lgtcrestone.com.au. All other contact details will stay the same.

However our team will still receive anything that is sent to our Crestone email addresses.

LGT is driven by the same purpose and values as Wealth Management and shares our client-centric approach to managing the wealth and financial wellbeing of sophisticated clients.

Under LGT’s ownership our focus will continue to be on providing independent quality advice to our clients as we have always done. Their expertise and reach will enable us to significantly broaden the range of global services and investment opportunities we are able to offer our clients, including:

• New international perspectives and a differentiated global product set
• A greater depth and understanding of philanthropy, intergenerational wealth matters and Family Office strategies
• Access to increased capabilities and opportunities in sustainable investing (new tools)
• An enhanced product set in both the traditional and the alternative space
• Accelerate our investment in technology programs so that we are at the forefront of digital transformation to enhance client experiences

No. LGT has stressed that Wealth Management is under no obligation to take any products or services from LGT, just like the approach taken in the many other acquisitions LGT has made. Our local Chief Investment Office will determine our strategic asset allocation, target asset allocation and approved product list as it always has done.

However, we acknowledge we may wish to access some LGT products and services; the decision is ours to make depending on the client benefit, and of course subject to Australian regulatory obligations and restrictions. Ultimately, you make the decision in the financial products included within your portfolio.

The OECD’s Committee on Fiscal Affairs May 2009 removed Liechtenstein, Andorra, and Monaco from its list of Uncooperative Tax Havens.

Liechtenstein is one of many low tax jurisdictions around the world.  It operates in complete compliance with the OECD standards of transparency and effective exchange of information in addition to internationally agreed OECD tax standards.

Liechtenstein is a signatory to the Common Reporting Standard (CRS) along with Australia and all G20 countries.  The CRS is a single global standard for collection, reporting and exchange of financial information on foreign tax residents that was agreed by G20 leaders in 2013 to create a mechanism for automatic exchange of tax information between multiple countries.

No. Your assets will be held exactly the same way as they are now, that is with Northern Trust and Clearstream.  Our IT systems will remain the same and CBA will still be our trading bank partner.