product_feature: rothschild:ex_custody_mandate:pf:ex_custody_novel
This data as json
| id | product_id | feature_key | feature_value | note | source_page |
|---|---|---|---|---|---|
| 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 Geschäftsbedingungen für Ex-Custody-Kundenbeziehungen" (Stand Nov 2021) documents a wealth-management service where: - Rothschild handles strategy + order routing - Assets remain at a THIRD-PARTY CUSTODIAN BANK (e.g. UBS, Pictet, Vontobel) - Client has the asset-portability optionality Structurally distinct from custody-bundled UHNW classical players (Pictet, Lombard Odier, Julius Bär 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 — could be a Rothschild-distinctive offering or could be more common than we've documented. |