LOM Financial (Bahamas) Limited

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...

While investing decisions and strategies generally differ from person to person, the ultra-wealthy millennials seem to have a common denominator: they prefer assets that reflect a greater appetite for risk, such as structured products, venture capital, and private equity. The full story on the Business Insider : Specialist trader Meric Greenbaum works with his daughter on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 25, 2016.   Brendan McDermid/Reuters Millennials who invest are approaching investing quite differently from how their parents and grandparents did, a recent survey found. The 2008 financial crisis, which happened as many in the 21 to 36 age bracket came of age, seared memories of traditional asset classes like stocks cratering and retirement savings being wiped out. "I won't say there's a mistrust of fixed income or equities or anything paper-related," said Joseph Quinlan, the chief investment strat...

Revelations of Donald Trump’s 1995 tax returns probably shocked the majority of the U.S. tax-paying population but for the mega-rich, similar strategies of legally avoiding their ‘responsibilities’ to the IRS are just old news.  In fact, the ultra-wealthy families follow a standard and fail-proof way to go tax-free by either having a top-notched understanding of the U.S. tax laws or by simply hiring an expert wealth manager to find loopholes in the tax code . So what are the ways that the ultra-rich do to legally avoid paying taxes? 1. Declaring income The super wealthy population is proficient at convincingly declaring their lowest possible taxable income and other applicable tax rates. How? By paying themselves reasonably lower salaries and placing a bigger portion of their income in the form of dividends. 2. Strategic borrowing It’s legally possible to employ borrowing tactics to earn money and at the same time, avoid capital gains. For instance, rich peo...

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 ...

Ever since Donald Trump has been elected, things have nothing been short of a roller coaster ride. His bold proclamations and controversial political moves have everyone flustered in the United States. As a matter of fact, it’s just not America, but the entire world is on edge. Uncertainty is certainly looming. Looking at the Forex trading data in November of last year, there were consecutive days wherein the US dollar continually trickled down. This could only be attributed to the inauguration of Trump. Since then, the dollar was able to recover. However, very recently, the currency started to experience a downturn once more, mainly propelled by the president’s comment on the currency that otherwise was “getting too strong.” Image source: qasioun.net Immediately after Janet Yellen, the Federal Reserve Chair, released a remark suggesting that the federal government is ready to increase interest rates at a faster pace, doubt was planted in the minds of investors leading ...

LOM Financial (Bahamas) Limited  provides offshore wealth management and trade execution services to our international clientele.  Established in 2001, our team of market professionals are able to offer a full array of private banking services through LOM’s wealth management platform. The Bahamas  is a world leader in  Private Wealth Management Services , with over 100 banks, trusts and brokerage companies servicing investors’ financial needs.  The ideal weather and crystal clear waters combined with the development of wealthy boating enclaves like Albany, Lyford Cay and Ocean Club makes for an internationally mixed group of residents and visitors. The country provides a tax-neutral platform from which international private clients and institutions may domicile assets and invest globally.  Financial affairs can be arranged with complete  fiscal clarity  as no local taxes are levied on personal and corporate income, capital gains, es...