What was the goal?
David and Laura. M, a high-profile couple with substantial private wealth from business and entertainment, sought to establish a family office and private banking solutions to manage their complex financial needs. As they planned their relocation to Portugal, they needed a comprehensive strategy that prioritised privacy, security, and trust, while aligning with their family's life goals.
''The team at Beacon Global Wealth Management were extremely professional and supported us every step of the way, helping us understand the best solutions for our personal needs. Their commitment to privacy and trust is unparalleled." – David and Laura M.
Solution:
- Comprehensive Financial Consultation:
- Conducted an in-depth analysis of their financial situation, including investments, income sources, and family wealth.
- Developed a customised strategy for optimal tax positioning and asset growth in Portugal, ensuring alignment with their life goals.
- Family Office and Private Banking:
- Establishing Family Office: Created a family office structure to manage their diverse financial needs, providing a centralised and efficient approach to wealth management.
- Confidential: Ensuring confidentiality and privacy were upper most in the plan
- Private Banking Solutions: Secured private banking facilities to offer bespoke financial services, ensuring the highest level of privacy and security.
- Tax Structuring and Optimisation:
- Cross-Border Structuring: Implemented cross-border structuring of their income and assets, ensuring compliance with both Portuguese and international tax laws.
- Tax Efficiency: Developed a tax-efficient structure that minimised their tax liabilities while maximising their financial growth and security.
- Asset Protection and Growth:
- Capital Growth Protection: Advised on strategies to protect and grow their capital, ensuring their wealth remained robust and secure.
- Income Optimisation: Created diversified income streams to minimise tax impact and maximise cash flow, providing long-term financial stability.
- Discretion and Transparency: Ensured all financial structures and transactions were conducted with the utmost discretion and transparency, maintaining trust and privacy.
- Investment Strategies: Able to deliver structures and cross-border mechanisms only available to sophisticated investors.
Results:
- Significant Tax Savings: Achieved tax savings of €14M by implementing a tax-efficient structure and leveraging international tax treaties which equated to 4.8% tax per annum.
- Enhanced Wealth Growth: Delivered a 3X increase in family wealth through robust asset growth and income optimisation.
- Secure Family Office Structure: Established a clear, effective family office structure, ensuring comprehensive management of their financial needs and long-term security. Asset protection for future generations was really important and security in this regard was important and was successfully assured.
- International Tax Efficiency: We ensured that their family and extended family members had different structures to create the most tax efficient plan for their worldwide income and secured the relevant international investment funds to optimise their cross-border income and assets.
Summing up
Our family office and private banking solutions, combined with tax optimisation and asset protection strategies, helped David and Laura secure their financial future in Portugal. It also enabled them and their family to purchase unique properties , access education for their children and prepare future generations for the challenges that come with significant wealth.
By leveraging international tax agreements and strategic financial planning, we provided significant tax savings, robust asset growth, and a secure future for their family. We work closely with our Family Office clients, assess portfolio performance, and make recommendations and adjustments with the family every step of the way.
If you face similar challenges and seek expert guidance, we work with high-profile families to provide peace of mind and personalised plans to meet your life goals.
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