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Overview of the Society of Trust and Estate Practitioners’ Annual Global Congress

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The Society of Trust and Estate Practitioners , more commonly known as STEP, is an internationally recognized professional network for wealth and financial experts and analysts. Primarily, this global association provides services in family inheritance and succession planning.   Full STEP members are globally recognized practitioners in the industry, with an impressive list of qualification and years of experience. Every year, these wealth experts come together in an event known as the Society of Trust and Estate Practitioners (STEP) Global Congress and address contemporary issues that have major impacts on specific areas of the industry. This year, the summit will take place on 13-14 September 2018, in Vancouver, Canada. Renowned company executives, wealth managers, wealth analysts, as well as offshore investment experts such as LOM Financial are expected to attend. The event promises to be another must-attend event in a STEP member’s calendar. The STEP Global Congress
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LOM Financial Limited Releases 2017 Results

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HAMILTON, Bermuda – 25 April 2018 - LOM Financial Limited ("the Company"; ticker: LOM.BH) today announced the financial results to fiscal year end 31 December 2017.  In a letter to shareholders, the Company’s CEO stated: 2017 Financial Results 25th April 2017 To our Shareholders: During 2017 LOM expanded on our activities of the previous year. We grew our client base, raised additional assets and continued to improve our financial performance. Our assets under administration (AUA) rose from $684 million at the beginning of the year to $870 million by the end of 2017. Further gains have been made in the first part of this year with assets rising to $914 million. We are continuing our focus on winning new clients and recruiting top level financial advisors and private bankers. To this end we have added experienced staff in our Bahamas office and our new Cayman office.  The addition of these new staff and premises obviously will increase our costs this year and, we
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REPOST: Global stock market party settles down for central bank reflection

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Markets are back in positive territory but predictions for global financial performance (particularly in Europe) in the years to come are still mixed. This Reuters article has more insights: FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain  August 15, 2017. REUTERS/Neil Hall Global stocks came off record highs and the euro held near a seven-week low on Thursday as investors prepared to parse minutes from the European Central Bank’s last meeting for clues to its exit from ultra-easy monetary policy. Political tensions emanating from Spain, where one of its richest regions Catalonia has pledged to declare ‘independence in days’, was also at the forefront of concerns for European markets. Spain's government bond yields rose to their highest level since March while Madrid's stock market .IBEX headed for its biggest weekly loss of the year. Euro zone stocks .STOXXE steadied from a wobble on Wednesday, but with public holidays acros
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Pros and cons: Understanding discretionary investment accounts

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In definition, a  discretionary investment account  is a form of investment management in which clients let experienced Asset Managers independently buy and sell securities without their consent. This is only possible when clients sign and agree on the terms of a discretionary disclosure, a kind of contract that will support the broker’s rights to control and manage the client’s assets without consulting them on every transaction. They would, however, make every decision based on their client’s specific wealth objectives and risk tolerance level. This set up is ideal for busy executives who don’t have enough time to manage their portfolio or even for newbie investors whose knowledge in buying and selling is limited. While a  discretionary account  can be beneficial to these types of clients, it also has its downsides. Let’s take a look at them here: Pros Signing up for a discretionary account assures convenience and hassle-free investment management. Having a professi
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REPOST: Why Private Equity Has $963 Billion in Dry Powder

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Investors are pouring money into private equity in hopes of solid yield. However, a large portion of that mountain of cash is yet to find its way to lucrative investment deals. More insights from this Bloomberg article: Investors give private equity managers their capital with the expectation that they’ll make it grow. But today these managers are sitting on a record $963.3 billion of dry powder, as they call money that they’ve raised but have yet to invest. The size of that pile, and the fact that it keeps rising, is making everyone antsy. A little dry powder is great if managers are holding out for better deals. But a lot can make for overly itchy trigger fingers, or can start to make investors wonder if there are cheaper ways to do nothing with cash. 1. Why is there so much uninvested cash? How much dry powder a firm has depends on both how much it’s raising and how much it’s investing. Right now, the first is up and the second is down. Investors are pouring money into pr
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This is how China’s Belt and Road Initiative (BRI) could change global economy as we know it

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The recent diplomatic event held in China last May promoted perhaps one of the most ambitious prospected projects of the century, a forum focusing on the controversial Belt and Road Initiative (BRI )— the world-changing development plan that is expected to cost almost $1 trillion. So what can the world expect from China’s BRI? According to the forum, the goals of the project will be centered on the economic growth and boost in trading for Eurasian countries. However, the proposal has garnered different reactions from the participating countries. Nonetheless, Chinese President Xi Jinping believes that this massive development campaign of building a substantial number of infrastructure that can connect countries in Asia and beyond has the potential to greatly stimulate economic growth as well as boost trade in and outside the continent. Oddly, the ‘road’ is not an actual road but a Silk-road like sea route that will link the country’s southern coast to Africa’s ea
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REPOST: International Stocks: The Best Opportunity?

Asset diversification is a vital rule of thumb to mitigate risks associated with investing. Diversification, however, is not just about having a good mix of local stocks and various securities. Tapping into international markets, particularly emerging economies, should also be part of the whole asset allocation strategy. Here some important figures from Barron's : European and emerging market assets are more attractive than U.S. investments based on valuation, J.P. Morgan said in its outlook for the third quarter. The guide to investing notes that emerging markets have been the runaway winner, with a rise of nearly 19% as of June 30 (in dollars). EM is about 12% of the MSCI All-Country World Index. Here are some other regional returns as of June 30: a rise of nearly 12% for the all-country world index, 18.3% for Europe and 13.6% for Pacific ex-Japan. Among countries, China was a big winner, up 25% in dollars; India was up 20.5%; France, nearly 18%; and Germany, up 16%. Ru
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