LOM Financial (Bahamas) Limited

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 Cong...

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...

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...

If your day-to-day affairs revolve around the world of business, perhaps you’ve been hearing a lot about an alternative strategy, a risk financing technique that not only got everyone curious but has also introduced another perspective in business asset protection in the form of what they have termed as, ‘ captive insurance .’ So what is a captive insurance and what are the roles of this alternative insurer as a substitute risk financing provider?  In definition, a captive insurer is generally an insurance company that is exclusively owned and managed by its insureds—most of the time, by a parent company or a group of companies. Captive insurance can be generally divided into two main groups and they are basically distinguished by who owns and operates them. ‘Sponsored captives’ for instance are entirely maintained by an outside party that is unrelated to the insured while a ‘pure captive’ is wholly and purely owned and controlled by its insured. The latter is the m...

Investment opportunities are everywhere and while anyone willing to take the risks can enjoy its rewards, only those who know how and where to start investing can fully reach their ultimate financial goals. But how about when talking about those living abroad? Do the same rules apply? Perhaps, most expatriates have already discovered how financially rewarding it can be to live and work abroad . However, others who are yet to venture into wise investment options are faced by the challenges of logistical and strategic factors as well as complicated tax management woes that investing in a foreign land requires. What are the factors that should be considered in order to achieve wise investment choices for expatriates? Here are several things that you should keep in mind. • Remember that choosing tax-efficient investments also means opting for risk-adjusted returns. • One should always go for a diversified investment portfolio to distribute risks. The adage, “do not ...