[International Protector Group](http://www.bfsb-bahamas.com/providers.php?cmd=view&id=386&pre=y) has launched a new Family Office service to help HNW families set up effective wealth protection structures.
The new offering will allow families and their professional advisers to utilise the Bahamas Executive Entity (BEE), a progressive piece of legislation which simplifies legacy financial and fiduciary practices.
Bahamas Executive Entities allow families to protect and invest their assets from one structure, simplifying the complexity of dividing activities between multiple trusts and private companies. By acting as a legal entity, a BEE can also serve families simultaneously as a protector, settlor, founder and investment advisor – all with low personal liability.
Announcing the new Family Office offering, Andrew Law, Chief Executive Officer of IPG said, “*We are delighted to be able to offer this new and exciting service for High Net Worth families around the globe. With IPG’s approach, we are able to help clients and their advisors, wherever they are based, to protect their wealth by creating bespoke Family Offices using a legislative instrument specifically designed by the Bahamian Government for this purpose.”*
He added, *”In the past, it has made sense to keep family assets in a complex spread of trust funds and investments. The introduction of the BEE allows family interests to be consolidated using a single entity that provides the families with much more on-going security and control.”*