Centro Law
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An exhaustive and precise overview of your wealth is crucial for successful estate planning. All assets, from financial assets to luxury items, should be well listed to outline all sources of wealth and income.
Stories (10)
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Navigating the World of External Asset Management: A Comprehensive Guide
External Asset Management is a burgeoning field that offers private wealth owners a unique set of benefits that traditional banks often find challenging to match. This article explores the definition, elements, business model, and critical considerations of EAM, providing insights into why it's becoming increasingly popular in regions like Switzerland, the United Kingdom, the USA, Hong Kong, and Singapore. The wealth management industry is changing significantly, and External Asset Management is one of the drivers.
By Centro Law2 years ago in Families
The Imperative of Wealth Structuring: Protecting and Transitioning Wealth
Modern wealth management is becoming increasingly complex due to the diversity of asset classes, globalized financial landscapes, international mobility, and ever-changing regulations. Thus, wealth owners and their families must create frameworks and structures to protect and preserve wealth.
By Centro Law3 years ago in Families
Planning for the Future: A Guide to Estate Planning and Its Legal Aspects
Estate planning refers to the process of arranging for the management and distribution of one's assets after their death. This includes creating a will, setting up trusts, and making decisions about end-of-life care.
By Centro Law3 years ago in Families
Family Business Success Factors
Family businesses are a vital part of the global economy, with many of the world's most successful companies being run by families. They seem to outperform other businesses and last for long periods. Still, they face specific challenges that must be tackled for their ongoing success. This article outlines several reasons why family businesses tend to succeed.
By Centro Law3 years ago in Journal
The Family Business Advantage: What Makes Them Different from Other Business Models?
There are many advantages to running a family business. They tend to be more stable and profitable than nonfamily businesses. Employee engagement and loyalty seem to be high; family businesses often stand for the long-lasting quality of their products and services.
By Centro Law3 years ago in Journal
Why you should Consider External Asset Management
What is external asset management? An external asset manager manages financial assets for its clients without taking them into banking custody. Since they are not affiliated with banks, brokers, and financial institutions, they are also called independent asset managers. They use various strategies to invest client funds and advise how best to allocate assets across different asset classes.
By Centro Law3 years ago in Lifehack
What are the most recent trends in wealth management?
Wealth management is an essential part of life planning in many ways. How you preserve and grow your wealth impacts your lifestyle, living environment, and the people you are close to. It is no surprise that wealth owners seek the best specialists, solutions, and outstanding services.
By Centro Law4 years ago in Lifehack
How can a family governance framework help strengthen your family business?
Many family businesses, especially in their early years, are influenced by their founder or founding family. While this is beneficial in many aspects, decision-making is highly centralized. With the business and the family growing, the organizational framework may reach its limits, and the current generation should plan for the transition of ownership and control to the following generations. This also requires a structured collaboration and cooperation framework and straightforward decision-making.
By Centro Law4 years ago in Families
Why should you have a financial plan? Why is it important?
You may not consider designing a financial plan when you have sufficient wealth. If you have a stable income, it may be enough to cover your monthly expenses. And you may save excess income to invest it for the future when you need it. However, that doesn’t always happen in the long run, and without planning, you may miss out on opportunities. Now, let's assess some essential elements to consider when making a sound financial plan.
By Centro Law4 years ago in Trader
