IPG launches Family Office Service based on the Bahamas Executive Entity
International Protector Group (IPG), a trust and estate planning consultancy, has launched a Family Office service to help protect the wealth of high net worth families.
The offering will allow families and their professional advisers to utilise the Bahamas Executive Entity (BEE) legislation which simplifies legacy financial and fiduciary practices.
BEE’s 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 simultaneously as a protector, settlor, founder and investment adviser – all with low personal liability.
Andrew Law, chief executive officer of IPG said the structure can be accessed by clients around the world. “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.”
With assets under supervision of $1.5bn at end December 2011, IPG specialists are based in The Bahamas and Zurich.
For a comprehensive guide to the BEE click here: http://www.ipg-protector.com/eebinder.php