How to Own Your Own Bank for Business & Wealth Management
You want to know how to own your own bank for business and wealth management. Exploring family wealth management. The three scenarios when own bank for business and wealth management makes financial sense.
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How to Own Your Own Bank for Business and Wealth Management
You want to know how to own your own bank. I often hold consultations with individuals and families, like you. Starting own bank is the best option for your individual circumstances and makes the perfect personal, investment and business sense.
There are Three Scenarios When Owning Your Own Bank Makes Financial Sense
There are three scenarios when starting your own bank makes financial sense:
1. Banking arrangements are no longer available for your wealth structure in the tax haven of your choice
Some of the tax havens and more fundamentally, the fiduciary industry is experiencing a lot of difficulties in starting and maintaining their banking arrangements.
Fiduciary structures do not work, unless these arrangements have banking relationships and suitable bank accounts and banking services necessary for these structures to function.
As the banking industry is tightening and the legal and regulatory framework is placing even more demands on the financial sector, some major banks chose to abandon this service offering completely.
Over the last couple of years several jurisdictions saw mainstream international banks exiting the industry altogether and abandoning the islands in question.
In the absence of the right banking relationships, the wealth structures became effectively redundant.
2. You want to start a bank as a business - how to own your own bank
You always wanted to start your own bank. It was your greatest and vision all along. If this is the case, then you will have to carefully consider what type of banking you prefer: high street, corporate, commercial, investment or private banking.
Your choices will be narrowed down as to exactly what you want your bank to do and which area of activity you find the most profitable or exciting.
3. You have substantial wealth and do not want to rely on the third party banks in order to manage your wealth - how to own your own bank
There is hardly a better solution to manage your own wealth by establishing your own bank. It gives you the privacy you require and an opportunity to manage your wealth on your terms.
This is one of the best ways to reduce your third party risks, which as we have all experienced in the last couple of years can be seriously detrimental.
Consult the Expert - How to Own Your Own Bank
Private banking and banking services is one of my favourite areas of expertise. I have helped my clients to match private banking services required and to help and guide towards the opportunities of owning your own bank.
I specialise in bespoke UHNWI family office services, such as, bespoke projects and services in global structuring, private banking, legal and tax requirements and implications, especially in cross-border wealth matters.
My sole purpose is to help you structure your global investment affairs diligently, help you protect your assets and help you to own your own bank.
Book a call with me to discuss your bespoke requirements and necessary onshore and offshore legal arrangements to protect your global wealth.
Testimonials
Saule advised us on regulatory requirements that apply for Swiss private banking and private banking in London as set out by FINMA and FCA respectively.
Saule demonstrated an excellent knowledge of challenges facing private banking industry in Switzerland, London and offshore jurisdictions.
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 and families investing, expanding business 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 as you develop your own global wealth strategy, while you build, grow and expand your 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.
Contact an UHNWI advisor at Family Office in London to discuss your needs.
As somebody who specializes in tax, wealth management of ultra high net worth individuals’ assets and legal requirements for high net worth families, my sole purpose is to help you protect your family’s legacy.
Should you have a specific enquiry on how to start your own family office, please book a call below.
If your specific enquiry is about how to invest, operate or relocate to the UK or Switzerland and you are looking to align your UK immigration, tax, overseas wealth concerns and benefit from favourable currency conversions and other bespoke services to UHNWI.
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