What is Trust?

The beneficiary (the person who receives benefits from the trust), the trustee (the person who manages the trust), and the settlor (the person who establishes the trust).

A trust is a valuable instrument for asset protection. It can also be used to donate to charities, help lower taxes, and avoid probate.

What is a Foundation?

Foundations combine the best features of corporations and trusts, with the added benefit of having directors who oversee assets (much like a trustee would). Foundations are perpetually existing legal entities that are suitable for a variety of investing purposes.

In addition to providing superior asset protection, foundations are useful for succession planning, offices, and private family wealth.

Benefits of wealth management service

•       High-net-worth Individuals frequently have distinct requirements and obstacles related to money.
•       One facet of wealth management that has several advantages is investment advice. Investors are better equipped to assess potential risks and make more educated selections.
•       Additionally, wealth management service in Dubai may aid foreigners in navigating tricky subjects like taxes.
•       Many people who live throughout the world have different home countries from where they were born.
•       They thus have to deal with complex tax scenarios, such as inheritance tax on foreign assets. British expats who live in Dubai frequently struggle with this problem.

Wealth management services include:

At Vytal, we provide a wide range of services to our clients, including:

•       Investment guidance
•       Portfolio Management
•       Estate preparation
•       Capital gains
•       Planning for inheritance taxes
•       Trusts
•       Planning for philanthropy
•       Preservation of wealth
•       Planning for legacy

Differences between financial advice and wealth management

Providing financial advice usually entails assisting a wide spectrum of customers with budgeting and money management. To help them achieve their financial objectives, this may involve proposing investment products or other items.

Wealth management, on the other hand, offers a wider range of services. Wealth managers sometimes work with very wealthy or ultra-wealthy clients. 

Wealth management in Dubai with Vytal

Managing your wealth in Dubai is crucial for high-net-worth people. A wealth management service in the UAE can assist you in making wise choices and in planning for and securing your financial future. We can assist you with securing yours if you’re ready.

Leading financial services provider Vytal offers the expat market customized wealth management and financial solutions.

FAQs

Can UAE wealth management services be helpful when making foreign investments?

Indeed, international investing knowledge, such as access to foreign markets, diversification across asset classes and geographical areas, and advice on cross-border tax and regulatory compliance, is frequently offered by wealth management services in the United Arab Emirates.

How do wealth managers in the United Arab Emirates develop investment plans?

To create individualized investment plans, wealth management consultants in the United Arab Emirates consider their customers’ time horizon, financial goals, risk tolerance, and existing financial status. These tactics might involve diversification, asset allocation, and choosing investment vehicles supporting customers’ goals.

Who could benefit from wealth management services in the UAE?

High-net-worth people, families, expatriates, company owners, and professionals looking for individualized financial guidance, asset management, and all-inclusive wealth planning solutions catered to their particular needs and objectives might use wealth management services.