Last Tuesday we officially launched the BConnect Club, the partner for Private Clients. It was a fabulous event held on the roof terrace of the Trafalgar where we were joined by sponsors, Julius Baer, SPS Security, luxury chocolatiers Godiva and Cult Wines. The room was packed with single family offices and carefully chosen UHNW friends of ours.
The BConnect Club is focused on serving the best interests of the UHNW community and the independent platform is able to provide them with fresh, exclusive deals which are pre-vetted, the opportunity to find co-investors for existing projects, meet each other at our Club events and get the opportunity to see the best luxury brands.
As many of you will know, I am passionate about the unique concerns of the wealthy, which I wrote about in my book ‘When you are Super Rich who can you Trust?’.
It is a fact of life that whereas flames attract moths, money attracts all manner of greed in the form of sophisticated salesmen keen to get rich themselves. Therefore, the community which is in most need of advice and advisors tends to be very private and hard to reach. However, they have money and money needs to be invested, spent and taxed. For all these activities, they need advisers - ones they can trust to help them spend wisely, invest well, pay the right amount of tax and keep a low and safe profile.
And herein lies the conundrum – how do you chose your inner cabinet of advisers, to look after your best interests amongst a sea of sharks?
I set up Family Bhive ten years ago as aggregation resource of information for wealthy individuals. This hard to reach private community asked me and my team to provide a platform, where they could follow their interests and learn more about their concerns without revealing who they were and what they wanted.
Our UHNW members would contact our team to ask us, for example, to source five accountants who specialise in tax investigations, so they could compare one with another before asking for a meeting.
In conjunction with setting up Family Bhive I founded GFOS as a leader for wealth planning and structuring for UHNW individuals and Family Offices. With the introduction of FATCA and the OECD Common Reporting Standard, all financial accounts held offshore are now being automatically disclosed to the tax authority in which the wealthy individual is living – whether there is any suspicion of tax evasion or not.
Through GFOS, we are able to offer Protection solutions to families who are concerned with the erosion of privacy, loss of control over their assets in trust and smooth succession.
Through BConnect Club, we can now extend our partnership to find good quality deals. Already our private client members have put forward numerous ‘buy side’ deals, which are on line, families which are cash rich looking to invest – at the right price in property, bio tech and energy companies.
We will also be going out to our members to ask them what else they are looking for, across our range of portals; deals, luxury products and service providers. Once they tell us what they want, we source it, and promote it, and we tell our clients when we have what they are looking for.
If you would like to find out how you can join the Club please get in touch on the number below.
For any other Family Office needs please also write to us direct.
Contact : email@example.com
020 3740 7423
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