PLANNING TRENDS

There has been a fundamental shift in the global marketplace towards total wealth planning to manage risk and maintain order and continuity. Individuals and executives are driving the trend, as they are increasingly aware of their personal need for liquidity as a result of their debt, unfunded liabilities and other financial obligations.

As the ownership and management of family businesses transfer to subsequent generations, families are seeking methods to maintain business continuity. Individuals are also becoming aware of the potential impact of personal and corporate debt obligations on their family’s current and future financial condition and are seeking solutions to solve liquidity needs. Individuals and their advisors demand that wealth plans provide multi-jurisdictional solutions and seek efficiently designed plans that are transparent and compliant with their home country’s tax laws. Wealthy individuals are also requiring diversification strategies that create dynamic asset allocations to reduce the risk of negative returns.