THE ISLE OF MAN INDABA BLOG
South Africa 2023
ISLE OF MAN INDABA BLOG
Press Release: Indaba October 2022
PRESS RELEASE Isle of Man Indaba – October 2022 The Isle of Man Indaba delegation recently completed its second visit to South Africa to discuss the synergies between the Isle of Man and South Africa and the opportunities to do business. This time the delegation was...
How to Invest Offshore: South Africa
I have been working at Capital International Group for over a year now and admittedly, it’s been a fairly sharp learning curve. After initially being dropped in at the deep-end, I now know the offshore market in South Africa inside-out, so when I recently caught up...
Isle of Man – A Safe Base for a Family Office
BY BOSTON MULTI FAMILY OFFICE What is a Family Office? ‘Family office’ is a term that is now used extensively by a number of financial organisations including major banks, hedge funds, asset managers and others. In essence the term refers to the provision of financial...
The benefits of a multi-asset approach to income investing
Phil Penrose, Head of Isle Man for Brooks Macdonald looks at how this potentially opens income opportunities. While headlines around challenging market conditions may be alarming for those seeking income, it is important to bear in mind that this is only one of a...
Internationalising Your Business: The Isle of Man Offering
Offering expanding business owners a gateway to global markets and home to a diverse set of multinational companies and industries, Nick Preskey, Inward Investment Manager at Locate Isle of Man, explains why the Isle of Man is proving to be the jurisdiction of choice...
Watch: Are you prepared for South Africa’s potential greylisting?
The Importance of Remaining Invested
The importance of remaining invested Several major global events – including most recently the coronavirus pandemic and the Russia/Ukraine situation – have prompted some investors in South Africa and across the world to flee financial markets, but history shows this...
Retirement Planning Solutions
In Finance Isle of Man’s edition of Talking Global Finance, they explore the world of retirement provision and pensions including the South African market, in particular the challenges and considerations facing individuals with an international investment focus....
Moving to the Isle of Man
Nick Preskey, Inward Investment Manager at Locate Isle of Man, discusses what key considerations relocating individuals and businesses need to take before making the move from South Africa to the Isle of Man. Having relocated to the Isle of Man with my family some...
Understanding the value of a family office to a high-net-worth family.
Where there is a high net worth family spread over many generations and each family member has their own businesses as well as numerous staff to look after both their personal and business affairs, it is not surprising that many families are turning to family offices...
Boston Multi Family Office – What is a Family Office
What is a Family Office? ‘Family office’ is a term that is now used extensively by a number of financial organisations including major banks, hedge funds, asset managers and others. In essence the term refers to the provision of financial services to wealthy families....
Responding to uncertain times: Multi-office trends in 2021
Few single family offices and multi-family office providers were ready for the stress test of the past 18 months. The sudden changed situations in which families found themselves caused cracks, and even breakdowns, in the manner in which families and their wealth...
Functions of a MFO
What should one expect from a multi-family office? We see it often. A service provider advertising and publicising itself as a multi-family office. The website looks great, the content is interesting and it explains very well why that service provider should be the...
Introduction to multi-family offices
When is one wealthy enough to join a multi-family office? We are regularly asked by wealth creators about the appropriate time to set up their own family offices. The answer is not as simple as the question. There are numerous factors to be considered and having a net...
Is a family office suitable for you?
Compelling reasons to join a multi-family office Family offices have become increasingly popular. With the added distress of the Covid 19 pandemic, families are being compelled to either join multi-family offices or to set up their own single family offices. In this...
Wealth Succession Planning
How family succession planning could help protect your family’s future Canaccord Genuity independent wealth planners believe that wealth succession planning should be a key discussion point and incorporated into your financial plans as early as possible. However,...
Succession Planning – It’s never too late to start
We often hear the words “succession planning”. It is all too clear that circumstances can change quickly in ways that are beyond our control. Although planning should be done as early as possible, it is never too late to start, so it is important that you give...
Which Offshore Jurisdiction is For You?
Why is jurisdiction such an important consideration when selecting an offshore investment platform? I had a very interesting meeting and discussion recently with an IFA and their High Net Worth client. They were looking to invest monies internationally, considering...
International Pension Plans: A Flexible Alternative For South African Residents
While South African residents have a choice of domestic retirement savings vehicles, including pension funds, provident funds and retirement annuity funds, these are subject to a maximum annual tax-deductible contribution limit across all such arrangements of 27.5 per...
The importance of wealth planning for the globally mobile
The importance of wealth planning for the globally mobile By Yash Naidoo, International Business Development Manager, Nedbank Private Wealth It was Benjamin Franklin who allegedly said, “If you fail to plan, you are planning to fail”, and this is perhaps a good...
The Balancing Act
What to expect from the family trust. “Trusts has no value to Millennials and Gen X. For them it has become an obstacle to their wealth and they don’t understand why they can’t have it now.” That was a statement by a client that prompted me to consider the...