Improving Family Office Performance with Excellent Internal Control Systems
A transparent and well-managed family office thrives on a strong system of internal controls. By implementing a tailored and sensible control framework, families can effectively manage risks, safeguard assets, and remain focused on achieving their objectives. This article explores key...
Dubai Announces Virtual Assets Licensing System: A Look into the Revolutionary VARA Process
Dubai’s Virtual Assets Regulatory Authority (VARA) has initiated its eagerly awaited licensing scheme for providers of virtual asset services (VASPs), marking the beginning of enhanced regulatory control over virtual asset operations within Dubai (with the exception of the Dubai International...
NFTs: A Digital Asset with Staying Power
Both financial professionals and investors have taken great interest in blockchain technology and cryptocurrencies. Although many smart investors avoid speculative assets like Dogecoin, some blockchain-backed assets make a more logical attraction. Among these, Bitcoin—founded in January 2009 as the first...
Offshore Trust Jurisdictions to Safeguard Your Assets Effectively
An offshore trust denotes a trust that is established in an international jurisdiction, often referred to as a tax haven. Its primary objective is to shield assets from potential creditors, and it is commonly employed by high-net-worth individuals, business proprietors,...
Balancing Your Business and Family
If you own or run a business, you know how important it is to have a strong leadership team. Making smart decisions and keeping the business running smoothly every day is crucial for staying profitable and ahead of the competition....
Understanding Institutional Custody for Digital Assets
In its simplest form, the primary responsibility of a custodian is ensuring the security of your assets. Within the realm of digital assets, an increasing number of independent individuals are recognizing the value of custodianship in fortifying the security of...
How to Avoid the Typical Pitfalls Encountered by Affluent Families
In today’s world, where fortunes can be made and lost within a single generation, it’s really important to understand how to keep a family’s wealth and values intact. Imagine the process of going from earning money to passing it down...
Expanding the Role of Family Offices: A Holistic Approach
Wealth preservation is no longer the sole focus of family office management. To embrace a truly holistic strategy, family offices must address a family’s operational, financial, and personal needs. This inclusive approach extends beyond traditional wealth management to incorporate wellness,...
Building a Legacy & Maintaining Family Wealth
In the realm of wealth management, the Endowment Model stands out as a unique and artful approach to preserving family assets. It involves creating a perpetual trust that serves as the foundation for funding essential projects and supporting family members,...