{"database": "bankproducts", "table": "product_feature", "rows": [["rothschild:ex_custody_mandate:pf:ex_custody_novel", "rothschild:ex_custody_mandate", "pricing_condition", "Ex-Custody service model: Rothschild manages, third-party custodian holds", "Editorially NOVEL within the atom #274 cohort. Captured PDF \"Allgemeine Gesch\u00e4ftsbedingungen f\u00fcr Ex-Custody-Kundenbeziehungen\" (Stand Nov 2021) documents a wealth-management service where:\n- Rothschild handles strategy + order routing\n- Assets remain at a THIRD-PARTY CUSTODIAN BANK (e.g. UBS, Pictet, Vontobel)\n- Client has the asset-portability optionality\n\nStructurally distinct from custody-bundled UHNW classical players (Pictet, Lombard Odier, Julius B\u00e4r all assume in-house custody). Lower asset-stickiness for Rothschild, no custody fee revenue, higher relevance of advisory + management fees. Not yet observed at other cohort members in our crawls \u2014 could be a Rothschild-distinctive offering or could be more common than we've documented.", null]], "columns": ["id", "product_id", "feature_key", "feature_value", "note", "source_page"], "primary_keys": ["id"], "primary_key_values": ["rothschild:ex_custody_mandate:pf:ex_custody_novel"], "units": {}, "query_ms": 0.9689339999567892, "source": "bankproducts.info", "source_url": "https://bankproducts.info", "license": "CC-BY-4.0", "license_url": "https://creativecommons.org/licenses/by/4.0/"}