Offshore wealth management is a specialized area within the banking industry. Given this, high-and-ultra-high net-worth individuals tend to work with a wealth manager that possesses extensive experience. A recent survey revealed that personalized, rather than general advice, was considered to be quite valuable. Given the high-net-worth individuals that responded to this survey, 63% indicated they found “high value” or “very high value” when they received personalized advice.
How Investor Levels Are Categorized
An investor is categorized by the amount of free investable assets they possess. High-net-worth clients, for example, have a minimum of $1 million in available assets. Clients that are considered to be ultra-high-net-worth investors have over $30 million. Many of these individuals choose to protect their assets in offshore trusts and corporations as well as other wealth-protecting and wealth-building opportunities.
Assets Under Management Defined
When a bank manages assets for its clients, this is referred to as “assets under management.” It is considered to be an industry benchmark, and indicates the size and scope of a wealth manager. When significant investments are going to be made, and offshore trusts asset protection is needed, it’s essential to work with a reputable and experienced banking service. This also applies to other offshore banking needs.
Schedule a Consultation With Offshore Banking Services
Since you want to obtain personalized advice on forming an offshore private foundation, managing your existing assets, or another issue, it’s important to meet with an experienced advisor. There’s an excellent chance that you may have a variety of questions and concerns that need to be addressed. Given their experience, your wealth manager will also be able to provide you with recommendations and other vital information. During your consultation, you will be able to discuss offshore trusts asset protection, offshore investment management, offshore corporation tax advantages, and other offshore banking services.
It’s also important to remember the importance of receiving personalized advice on an ongoing basis. Since you are making or protecting investments that are likely to increase over time, ongoing advice is valuable. Furthermore, there are other benefits to your working closely with an advisor over a long period of time. Once you schedule a consultation with an offshore banking advisor, you will be able to obtain information that is relevant to your situation.