Luxembourg For Finance issued a new brochure about Family Offices.
With its political and social stability, its reputation as a financial centre, its multilingual professional population and its strong international profile, Luxembourg is ideally placed for the establishment of a Family Office.
The financial world is in rapid evolution and with it evolve the needs and expectations of clients. Rendered insecure by successive financial crises over recent years, Private Banking clients attach growing importance to the maintenance of their wealth and are abandoning speculative investments for less complex, more transparent ones.
With the globalisation of the economy, diversification of the risks linked to their investments has taken on a new dimension. Numerous wealthy clients have invested not only in a wider range of asset classes, but, equally, in several different jurisdictions. Keeping an overview such internationalised assets, that are subject to diverse legal and fiscal regulations and to complex inheritance rules, becomes a real challenge. The need for professional, personalised assistance that goes beyond traditional Asset management is growing exponentially.
At the same time, clients with significant diversified holdings require a greater degree of independence in their advisers with respect to service providers and suppliers of investment products. These needs have lead to the emergence of a growing number of providers of Family Office services.
(Source: Luxembourg For Finance)
