The Rockwell Beneficiary Profit Sharing model

A core pillar of our operational philosophy is one of Mutuality .

To this end Rockwell Mutual has created the worlds first Rockwell Beneficiary Profit Sharing Model associated with a for profit trustee services company.

Every single client under our Fiduciary Personal Trustee Services and Specialist Disability Trustee Services ,or their nominee, is upon their enrolment issued with a series of $1 Non-Cumulative Non Voting, Non-Transferable  Redeemable Preference Share ("ROCKS") equal in nominal face value to the Assets which initially fall under our control as part of our service when we are appointed. 

You pay $zero for these ROCKS... they are gifted to you for free by Rockwell Mutual. 

Each year on 30 June when we value your Assets, you will either be issued (for free) more ROCKS or have some ROCKS redeemed ( for a total value of $1) to reflect the new value of your Assets for the next 12 months starting 1 July. 

As the holders of ROCKS you are entitled to participate in an annually nominated  pool of profits of Rockwell Mutual equal to the annually nominated percentage, as determined by the Board of Rockwell Mutual, of the Net Profits After Tax of Rockwell Mutual for the relevant year ( "Annual Beneficiary Profit Pool") .

The Annual Beneficiary Profit Pool is then split pro-rata between each of the holders of ROCKS based on the number of ROCKS they hold pro-rata to the total number of ROCKS held by all of the holders of ROCKS on issue as at 30 June.

When you leave our care for any reason we simply redeem all the ROCKS that you hold for a total consideration / value of $1.

A Worked Example :

You have $1,000,000 of Assets that fall under our control 

You are issued for free  $1,000,000 worth of ROCKS

There are a total of $40,000,000 worth of ROCKS on issue to other beneficiaries just like you

The Annual Beneficiary Profit Pool is determined to be $450,000 for the year.

You will receive 2.5% of the $450,000 Annual Beneficiary Profit Pool ie $11,250 ! Our fees for the year may have been 2% of $1m ( $20,000) plus say additional Service Charges of $1,000 ie total of $21,000....BUT you received $11,250 so your NET FEES are only $9,750 which is less than 1% ie 0.975%...No other Personal Trustee Company comes close to this.