Asset Management Structures For LATAM Family Offices

With the globalisation of the economy, diversification of the risks linked to investments has taken a new dimension. Numerous wealthy clients have invested in a wider range of asset classes and very often in several different jurisdictions. Keeping an overview on such internationalised assets, the diverse applicable legal and fiscal regulations and complex inheritance rules now require the help of professional and personalised assistance.

By the Law of 21 December 2012, Luxembourg has created a framework for "Family Office (FO) activities", making it a regulated activity. To what extent is this Law giving Luxembourg an edge in terms of FO service offering?

Luxembourg is the first European country that has created a regulated framework for Family Office activities including transparency and independence rules. Supervised by the CSSF, this new Professional of the Financial Sector (PFS) will have to demonstrate skills, morality and respect professional ethics in order