Recent decades have seen the greatest transfer of wealth in the history of the planet as baby boomers take possession of their parents’ assets. Ironically, despite the great amount of wealth passing from one generation to the next, a US Trust survey indicates that approximately 70% is first generation wealth.
Whether the client’s wealth is inherited or earned, his/her primary objectives are—
a) to preserve and grow their purchasing power
b) to enjoy their wealth
c) to transfer their accumulated assets to future generations efficiently
Those credited with creating
their own wealth may not have the time or focus to maintain or manage
that wealth. BIAS’ most senior executives have a minimum of
a quarter of a century in the care and management of private client
assets. Additionally they themselves are baby boomers, identifying
strongly with the needs of their contemporaries.
• Client focused—no portfolio is structured until the client’s needs are assessed with respect to
Cash distribution requirements
Unique needs and circumstances—i.e., tax requirements, trust structures.
• Analytical—the Investment Review Committee meets twice weekly to review market events and to analyze data to determine the future direction of markets. This results in the determination of the BIAS Strategic Outlook.
• Systematic—client portfolios are reviewed regularly so as to assure the Investment Review Committee that each portfolio is compliant with the BIAS Strategic Outlook within the context of the client’s specific needs.
• Unique—BIAS operates and offers various strategic tools not available to other wealth managers.
Those fortunate to inherit their wealth are confronted with the sometimes daunting task of controlling or managing that wealth without losing a sense of privacy. BIAS requires its staff to sign strict confidentiality agreements, a breach of which could subject them to immediate dismissal, and are trained to deflect any suggestions or inquiries from friends or family as to whether or not the firm even has a professional relationship with the client.
The wealthy client’s control over his/her assets is enhanced through comprehensive quarterly reporting which shows—
a) statement showing assets held as well as their total valuation
b) activity schedule showing transactions and cash flows during the preceding quarter
c) time-weighted performance calculations
d) a break-out of asset allocation as well as analysis of geographic exposure of equities holdings
In addition wealth management clients are provided with the following strategic tools—
a) ProCash Plus cash management accounts with 24/7 viewing of balances as well as access to cash through more than 500,000 ATM machines around the globe
b) Borrowing against the collateral of assets held
c) The BIAS Global Portfolio Diagnostic, a unique proprietary tool for analysing the exposure of client portfolios.
d) Quarterly Review and Outlook distributed with portfolio valuations
e) Mid-Quarter Briefings outlining recent research as well as our latest insights into future prospects for financial markets
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