Top jurisdictions for discretionary portfolio management

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When buy and sell decisions are under the discretion of an investment manager, clients have the assurance that their portfolio is well organized and in good hands, thanks to the expertise and experience that this type of asset management has to offer.

However, it’s not that easy to find an exceptional discretionary portfolio manager, unless you know where to look. There are several financial centers scattered all over the world but topping the list are offshore financial centers located near or within the Caribbean region. Here are the three most trusted financial centers and what they have to offer when it comes to offshore discretionary portfolio management.

Bermuda

Bermuda is home to several financial offshore services and it includes offshore discretionary management that caters to high net-worth individuals from every part of the globe. One of this financial location’s known strengths is its popularity in helping their clients build a strategic portfolio because of its connection to different investment assets. One example is its access to hundreds of mutual funds that strive for building a valuable and sustainable portfolio.

The Cayman Islands

Cayman’s tax-neutral status is not the only factor that makes it one of the top providers of discretionary portfolio management services. This jurisdiction provides tailor-made policies for foreign investments, with a legal system that protects and gives freedom to professional service providers in making the best financial decisions for their clients.

The Bahamas

One of the goals of this jurisdiction is to create a globally competitive financial sector especially when it comes to private wealth management and capital investment. Thanks to the foreign-friendly investment policies created by the Bahamian government, its financial sector is able to present a globally-accepted set of regulations that have benefited services such as portfolio management for international clients.

Where do top celebrities spend their vacation?

With all the fame, influence, and money they have, it is pretty easy for the top celebrities to choose a luxury destination and get there in a jiffy. At least this is the ideal picture; but these popular personalities have very tight schedules and plenty of engagements, which means that they only have a few days or weeks in a year to spend on leisure and relaxation. But when they do, it has to be perfect. Hence, it is very important for them to choose the ‘right’ vacation spot and make every second count. Not surprisingly, beach destinations are their top picks and they include:

 

Maldives. A small archipelago of islands and atolls south of the Indian subcontinent, the Maldives is a perennial entry to many annual lists of the world’s most luxurious island getaways. Its clear turquoise waters, warm weather, relative isolation, and ultra-deluxe resorts offer supreme privacy and exclusivity that celebrities are often deprived of.  Prince William and Kate Middleton, David Beckham, Michael Phelps, and Madonna have all sought to experience the world-famous Maldivian hospitality.

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St. Barths. The Caribbean has plenty magnificent tropical beaches and islands, but St.Barths, a tiny overseas collectivity of France in the West Indies, is probably the most popular among A-list celebrities. The peak of the travel season is usually on New Year’s Eve, when the rich and famous converge on the island in luxury yachts up to 170 meters in length. Usher, Gwen Stefani, Beyonce, and the Kadashians love spending the holidays in this piece of winterless paradise.

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Bermuda. This British Overseas Territory in northern Atlantic is not just a popular luxury destination for celebrities, but is also where some of them lived! As a financial center and a tax-neutral jurisdiction, Bermuda attracts plenty of investors—famous people included. Catherine Zeta-Jones and Michael Douglas have owned a property in the island for 15 years while The Game of Thrones’ Lena Headey was actually born here! Bermuda is also this year’s host of the America’s Cup.

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Rio de Janeiro. Nestled between picturesque mountains and gorgeous beaches, Brazil’s cultural hub is popular among regular tourists and celebrities alike. It is more than just a beach paradise; but also a melting pot of impressive architecture, sporting events, and street parties! In Rio, everything a VIP visitor needs seems so accessible. Hugh Jackman, Justin Bieber, and Britney Spears have all been spotted vacationing in the city.

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