Nassau, The Bahamas and Zurich, Switzerland – 27 November, 2012 – International Protector Group (IPG), a leading trust and estate planning consultancy, today launched a new Family Office service to help HNW families set up effective wealth protection structures. The new offering will allow families and their professional advisers to utilise the Bahamas Executive Entity (BEE), a progressive piece of legislation which simplifies legacy financial and fiduciary practices.
Bahamas Executive Entities allow families to protect and invest their assets from one structure, simplifying the complexity of dividing activities between multiple trusts and private companies. By acting as a legal entity, a BEE can also serve families simultaneously as a protector, settlor, founder and investment advisor – all with low personal liability.
Announcing the new Family Office offering, Andrew Law, Chief Executive Officer of IPG said, "We are delighted to be able to offer this new and exciting service for High Net Worth families around the globe. With IPG's approach, we are able to help clients and their advisors, wherever they are based, to protect their wealth by creating bespoke Family Offices using a legislative instrument specifically designed by the Bahamian Government for this purpose."
"In the past, it has made sense to keep family assets in a complex spread of trust funds and investments. The introduction of the BEE allows family interests to be consolidated using a single entity that provides the families with much more on-going security and control."
IPG is a specialist provider of Family Office services with a particular focus on Private Trust Companies. With assets under supervision of $1.5 billion as of 31 December 2011, IPG's specialists are based in the key financial jurisdictions of The Bahamas and Zurich – offering dedicated international business expertise with strong experience of working with professional intermediaries and private clients around the world.
IPG is revolutionising wealth planning and fiduciary structuring through its participation in the development of The Bahamas Executive Entity – a unique piece of Bahamian legislation designed specifically to resolve complex governance issues in fiduciary and wealth management structures. Additional information is available at: http://ipg-protector.com
PR for IPG
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IPG PR contact – Taran Mackey
Tel: +1 242 677 8700