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IPG launches new Family Office

New service to allow HNW families to take advantage of the Bahamas Executive Entity (BEE). 

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TheBahamasInvestor.com
Tuesday, November 27, 2012
Tuesday, November 27, 2012

ALT TAG HEREInternational Protector Group (IPG), a trust and estate planning consultancy, launched November 27 a new Family Office service to help high-net-worth (HNW) families set up effective wealth protection structures.

The new offering will allow families and their professional advisors to utilize 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,” he added.

Liquid Nutrition Group Inc (TSX-V: LQD.V and LQD.WT) announced today the opening of its first international location in Nassau, Bahamas. The new franchise is Liquid Nutrition’s 12th location and the first outside of Canada.

Prime Minister Perry Christie underscores the importance of regional cooperation as The Bahamas hosts Caribbean Association of Investment Promotion Agencies this week in Nassau. Pictured: Prime Minister Perry Christie (front row, centre) and delegates at the CAIPA annual general assembly conference. (BIS Photo/Peter Ramsay)

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