Asset Management involves the systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner. This term is typically used in the financial world to describe the management of investments, aiming to grow their value over time and achieve higher returns.
An exit charge is the tax imposed under inheritance tax regulations when an asset is removed from a discretionary trust.
High-Net-Worth Individuals (HNWIs) are individuals who possess very high net incomes, substantial net assets, or a combination of both. These individuals typically qualify for specialized financial products and services aimed at optimizing their wealth, despite the elevated investment risks involved.
High Net-Worth Individuals (HNWIs) are individuals with substantial financial assets or investment portfolios. Their significant wealth typically qualifies them for specialized financial services and investment opportunities.
Lifetime gifts are a strategic and effective vehicle for transfer in estate planning. They eliminate all probate and administration expenses on the property transferred, providing financial benefits and simplicity for estate management.
A millionaire is an individual whose net worth exceeds $1 million, typically calculated by totaling their assets and subtracting liabilities. This status often signifies significant financial achievement and can be attained through various means such as inheritance, business success, investments, or a combination of these.
A tax exile is an individual who relocates to a country with more favorable tax conditions to avoid high taxation in their home country.
A tax haven is a country or jurisdiction with very low 'effective' rates of taxation for foreign investors. It may also refer to those providing the services.
The practice of offering high net-worth individuals investment management, financial advice, and estate and tax-planning services as a unified professional service.
