Structuring for complex family needs: Act globally, think locally
It’s important to understand all capital has an impact, and to look at value through a wider lens
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ULTRA high-net-worth individuals (UHNWIs) have increasingly cross-border needs, yet still require the kind of service offered by a single family office. Only a wealth manager that operates globally and can think locally is able to meet such requirements.
Imagine you are a Hong Kong resident with British citizenship. Your two children work in the family real estate business and live in London under the non-UK domicile regime. Your daughter is about to get married to a US citizen and is planning to live in Los Angeles, while you are considering setting up a family office in Singapore.
Who do you trust to not only effectively manage your investment assets, but also efficiently structure your holdings in different tax jurisdictions? Add to this the creation of a hybrid family office for you and future generations. And, the local knowledge in different countries, as well as expertise across investment asset classes.
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