How to Open an Account
This page discusses the procedure and requirements for opening an account with LOM. We offer our clients two types of standard brokerage accounts: "cash accounts" and "margin accounts". In addition to these two types of accounts we have also developed a special type of account for sophisticated investors, corporate managers and trust companies called the LOM Blue Account. With all of our accounts, you can expect the high level of account safety, security and privacy that are deliberately built into our business. We have had a number of potential clients contact us looking for offshore bank accounts and so we have prepared an article comparing and contrasting our product with an offshore bank account.
Policy on US customers
Since LOM's acceptance as a Qualified Intermediary, effective January 2001, it has been LOM's policy to not accept accounts for U.S. residents. Specifically, we do not accept: individual/joint accounts for U.S. residents, retail accounts for U.S. corporations or simple and grantor trust accounts where a U.S. resident or citizen is a beneficiary or grantor.
Account Opening Procedure
1. Gather the required documents
Before opening an account, we require the following documents to be completed, as appropriate:
- LOM Investment Account Agreement (will be provided by LOM once initial contact has been made).
- For each signatory and Beneficial Owner: a notarized passport, bank reference and proof of residential address.
Corporate Accounts must also provide the following:
- Original Certified Copy of Certificate of Incorporation
- Sealed Corporate Resolution
- Certificate of Incumbency listing officers and directors
- Trust Accounts must also provide Trust Documentation & Form W-8 BEN
- Institutional accounts should provide evidence of regulated status
- Minimum account $25,000
2. Complete our no-obligation account opening questionnaire below:
Once you submit the form, an LOM representative will respond within 24 hours.
or if you prefer to immediately speak to someone on the phone, call one of our four offices:
Bermuda
The LOM Building
27 Reid Street
Hamilton, HM 11
Bermuda
Telephone: (441) 292-5000
Fax: (441) 295-3343
Bahamas
Centre of Commerce
1 Bay Street, Suite 309
P.O. Box , CB-12762 /525
Nassau, Bahamas
Telephone: (242) 323-0032
Fax: (242) 323-0084
Grand Cayman
The Marquee Building
430 West Bay Road
Suite 300, P.O.Box 30997
Seven Mile Beach, Grand Cayman
KY1-1204
Cayman Islands
Telephone: (345) 949-5808
Fax: (345) 949-1338
England
28 Bruton Street
London W1J 6QW
United Kingdom
Telephone: +44 (0) 207 659 5610
Fax: +44 (0) 207 659 5617
