Generational Wealth Management 

Generational Wealth Management. It is a great privilege to find myself in the rooms where the groundbreaking steps for the family’s generational wealth are being decided.

Generational Wealth Management is the type of wealth that may span several generations into the future. 

How do you continue to build and manage the generational wealth that lasts?

How do you structure a £100 M fortune? What do you need to know?

How to Structure a £100 M Fortune?

For some families the lump sum of £100 M fortune may be arrived through inheritance, which was carefully built over the years.

For a lot of these families, it is the new money of an instant fortune. The type of instant fortune that may come around after decades of hard work and determination to build it.

While for others it is the generational wealth stagnant in historic structures that do not necessarily align with the immediate goals of the new generation of beneficiaries.

One thing remains clear you need to have the right UHNWI advisor, the long-term strategy a tax compliant structure and global reach.

Generational Wealth Management - Your Choice of an UHNWI Advisor

Your choice of the experienced UHNWI advisor for ultra-high net worth individuals and families will set out how stagnant or far reaching your generational wealth will be.

Therefore, you need to do your own homework in determining what type of specific experience and expertise your professional advisor will need to have.

You will note that there are many different advisors out there on the market.

Some of them only operate locally. Others have substantial international reach and can operate across different jurisdictions.

There are also professional advisors, such as lawyers and accountants who either have very limited or none of the requisite expertise and experience to advise you on wealth management matters.

There are advisors who sell and are only limited to a specific financial product or service tied to a specific financial institution.

And there are specialist UNHWI advisors who navigate the international financial market and multiple jurisdictions globally to provide you with the bespoke solution.

The bespoke solution is designed specifically for you and takes care of your needs and requirements. It fulfils your long-term vision, personal investment and business goals for your family.

Bespoke projects and services when structuring family’s generational wealth is the ultimate strength of Family Office in London Ltd.

Family Office in London combines bespoke wealth management services with the requisite expertise in professional services, ultimate geographical reach for global structuring and integrates financial services for wealth management.

Generational Wealth Management - How Much is £100 M Fortune Worth?

It is all about how you define your fortune and what type of assets does your fortune comprise of.

This can be a large proportion of liquid cash, investments and income producing assets.

A liquid fortune of £100 M may well set you out on the path of wanting to build your own bank to allow you to facilitate the wanted investments more freely or consider own bank for family wealth management and as business.

You will also consider whether a single family office is sufficient or you need your own asset management firm.

You may also be considering a bespoke offshore investment fund to manage investments across generations of your family.

Most certainly, the single most important thing that you need to get right is nail your global structuring advice.

Even more importantly, you need to make sure that the advice you receive is tax compliant and serves you long-term.

You will definitely benefit from the specific expertise that Family Office in London can offer to structure your global wealth for generational wealth management in a compliant manner.

In the big scheme of things, some global financial institutions set the threshold of $500 M in liquid investments to start working with you. It also can buy you a decent yacht.

Your personal values, goals and expectations for you and your family determine what do you choose to do next.

Generation Wealth Management - Distinguishing Between Assets and Liabilities

Nothing drains your generational wealth more than inability to distinguish between assets and liabilities as you manage your wealth.

As you consider the matters of long-term generational wealth, you will need to be able to draw a clear distinction between assets and liabilities.

In the popular culture, a lot of liabilities are paraded as luxury assets or highly expensive cash-draining hobbies.

It is your wealth, your assets and you may be engaged in building long-term income building assets to diversify against your passions that require high maintenance and a lot of resources and funding in the form of cash.

You will need to know how to strike balance between the two and learn very early on to classify and label your assets and liabilities correctly.

Defining Immediate Risks: Local Focus or International Reach of the Assets and Investments

The immediate change in geopolitical situation or change in the local regime may cause risk or you may lose access to your assets instantly.  We saw this with Ukraine. We saw this with several high-profile jurisdictions worldwide, including Arab countries.

Initially, you may be inclined to make your immediate international investments from the country of your origin or permanent residence. However, this may not be necessarily sustainable long-term.

Even some of the most reputable family-owned private banks in Switzerland had a plan to move their assets during the WWII, they continue to plan their policy and strategy against similar risks.

Enter international structuring of your global assets. Also known as global structuring.

You will need to consider the advantages of international structuring as you make your assets global.

Generational Wealth Management - The Basics of International Structuring of Global Assets

The ultimate of goal of international structuring of global assets is risk diversification and asset protection.

Generational Wealth Management - Asset Protection Needs Your Laser Focus

You may be pitched offshore companies and some other more exotic looking solutions as well as destinations you may be hearing about for the very first time.

A common law offshore international trust if structured correctly can be the ultimate solution that guarantees to protect your assets.

If you are based in a civil law jurisdiction, the legal concept of trust may be the term you are hearing for the very first time.

You are more likely to be told about a foundation, which originated from Liechtenstein and spread across offshore jurisdictions.

As we sit with you in face-to-face meetings we can discuss in a more detail what is available for you out there, what level of protection you do require and what custom bespoke solution may be made just for you and your family.

Generational Wealth Management that Serves Your Family

Regardless of how much fortune you initially start with and the type of assets you have, international structuring of your global wealth needs to be your primary goal.

The underlying goal in making your fortune last is the asset protection. It protects your assets from unforeseen events and keeps you and your assets safe.

A well-structured trust is only a part of one solution. There are several important considerations that come into play that need to be discussed individually and privately.

Further, you need to be clear that you can distinguish between assets and liabilities.

Make sure that your income producing assets can pay for extravagant liabilities.

The choice of advisor will dictate what type of choices will be made available to you.

Whether you will be able to expand and take advantage of many different choices available to you globally or remain locked in within the choices of the country of residence or origin.

Consult the UHNWI Expert Advisor for Generational Wealth Management 

Book a call with me to discuss your bespoke requirements and necessary onshore and offshore legal arrangements to protect your global wealth.

You may submit your enquiry here.

Saule Voluckyte, M.A.E.S, LL.B, FAIA

I have been working exclusively with UHNWI in Mayfair, London since January 2008. I built specialist knowledge and expertise required to serve ultra high net worth individuals investing, operating and relocating to the UK or Switzerland.

Within the industry, I am the single adviser who is able to traverse the different areas of expertise and bring a comprehensive approach across: global structuring, UK immigration, international taxation and FOREX to develop their global wealth strategy, while they build, grow and expand their wealth worldwide.

Previous experience as one of the senior advisors for the government, made me a go-to person when delicate and uncomfortable scenarios involving heads of state need to be handled with care and preserve privacy.