Services

What the account is for.

Three currencies is the floor, not the offer. Below is everything TrueWells does with a balance once you have one — what you can open today, what needs an application, and what we will only do after a conversation.

Portfolio management

An income you can put in a diary.

A managed mandate held entirely in public markets — listed equities and traded bonds, nothing private, nothing locked up. It is built to pay a set distribution rather than to post the highest number at year end.

Distributions land on four fixed dates a year, in the currency of your choosing, into the balance you nominate.

Conservative Income

80% fixed income · 20% public equities

4.2%Target, a year$25,000Minimum

Investment-grade sovereign and corporate bonds, with a small equity sleeve for inflation cover.

Apply for this mandate

Balanced Income

55% fixed income · 45% public equities

5.6%Target, a year$50,000Minimum

Dividend-paying developed-market equities alongside the same bond book, weighted to income.

Apply for this mandate

Growth & Income

30% fixed income · 70% public equities

6.8%Target, a year$150,000Minimum

A wider equity mandate including emerging markets, still selected for distribution rather than momentum.

Apply for this mandate

Distributions paid

31 Mar30 Jun30 Sep31 Dec

Management fee

0.65% a year

No performance fee, no entry or exit charge.

The target is a target, not a guarantee. Distributions are funded from income first and from capital only when income falls short — and when that happens we say so on the statement, in the quarter it happens.

Account tiers

Three levels, and what each one actually changes.

Every tier holds the same three currencies. What moves is the spread you pay to convert, what you can borrow against, and how often somebody looks at the account with you.

Perk	CurrentNo minimumOpen online in ten minutes	Reserve$5,000Open online, upgrades on balance	Private Office$250,000By application
Currencies held	USD · GBP · EUR	USD · GBP · EUR	USD · GBP · EUR
Monthly fee	$0	$0	$0
FX spread on conversion	0.40%	0.15%	0.08%
Outbound transfers	Same day	Same day, priority	Same day, priority
Card	Included	Included	Metal, included
Free ATM withdrawals	2 per currency	5 per currency	Unlimited
Credit line	Not included	Up to 50% LTV	Up to 60% LTV
Indicative credit rate	Not included	5.4% p.a.	4.8% p.a.
Portfolio mandate	Not included	By application	Included
Statement review	Annual	Quarterly	Quarterly, in person
Named banker	Not included	Not included	Included
	Open	Open	Enquire

Rates and spreads are indicative and reviewed quarterly.

Financial consulting

Advice charged as a quoted fee, not a percentage.

Engagements are scoped and priced before any work starts, so the fee does not move with the size of your balance. Most questions are answered in a single session.

Book a session

Residence and reporting: Where you are taxed, what your account reports under CRS, and what changes when you move country.
Structuring the account: How to hold three currencies when you are paid in one and spend in another, without converting on every transfer.
Borrowing against holdings: Whether a credit line or a sale is the cheaper answer for a specific purchase, with both worked through.

By introduction only

Mutual funds and offshore structures are not sold from a web page.

What is available to you depends on where you are resident, what you already hold, and what the money is for. None of that fits in a sign-up form, so we do not pretend it does.

Available after a conversation

Third-party mutual funds, subject to suitability
Offshore holding structures and trust referrals
Fixed-term deposit ladders in USD, GBP and EUR
Segregated mandates above $1m

Speak to the desk

We reply within one working day.

Start with the account.

Everything above is opened from inside it.

Open an account