The clients are a husband and a wife who established and ran a successful furniture manufacturing business for many years. Six years ago they sold the business, and the majority of the proceeds were ring-fenced for wealth generation and preservation. The family retains a medium to high risk appetite and so some of the wealth is invested in business opportunities such as private equity start-ups.
The clients plan to retire shortly. They have three children and several grandchildren. It is important to them that their wealth is preserved over generations and continues to provide for their family.
They have maintained relationships with the banks that advised them on the sale of their business and wish to have access to a more specialised range of asset classes and investment opportunities.
The clients have a clear investment objective. Working closely with their advisors, the PPLI contract allows investment in a broad range of diverse assets, including real estate funds and private equity opportunities. Access to these assets provides the opportunity to achieve greater returns to support the family for generations to come.
The solution includes beneficiary clauses that identify the children and respective grandchildren and allow the clients’ wealth to be transferred across generations, while maintaining the trusted banking relationships.