Barrington is a Bermuda based investment company, which was incorporated in 1989, and is regulated by the Bermuda Monetary Authority. Barrington’s clearing agent, J.P. Morgan Clearing Corp., is one of the leading US investment banking and securities firms. The clearing relationship with J.P. Morgan Clearing Corp. provides Barrington access to award winning research that assists our advisors in developing portfolio strategies. This, and Barrington’s expertise, allows us to provide a high level of personalized wealth management for each client.
J.P. Morgan Clearing Corp., a member of the Securities Investor Protection Corporation (“SIPC”), provides account protection for the net equity of a customer’s fund and securities positions. SIPC provides $500,000 of primary net equity protection, including $100,000 for claims for cash (“SIPC Coverage”) J.P. Morgan Clearing Corp. provides user friendly on-line access to each account.
In addition to our investment services, we have a Certified Financial Planner who can work with you to address your specific life goals. This can assist with specific investment decisions and the overall management of your portfolio so that you are able to achieve your financial goals.
Bermuda is an island located in the Atlantic Ocean approximately 750 miles to the east of Cape Hatteras North Carolina. It is 21 square miles and has a population of 65,000 people. Bermuda has convenient daily air travel to North America and regular non-stop flights to London England.
Bermuda has been a British colony since 1609 and enjoys a stable political and economic environment. It is the oldest self-governing British dependant territory and has a judicial system based on English common law. The official language of the Islands is English. The legal tender is the Bermuda dollar, which is at par with the US dollar.
Bermuda has a sophisticated business and telecommunication infrastructure and a strong economy based on international business and tourism. There are currently no income tax, non-resident tax, capital gains tax or other similar taxes in Bermuda. There are also no exchange controls on offshore trusts.