Wealth management
Wealth management
- What it is
- Comprehensive management of a family’s capital: investments, taxes, succession, structures
- How it is broader than investment
- It looks not only at returns but at taxes, risks and passing capital to children
- Who provides it
- Banks, independent managers, family offices
- When it is relevant
- Selling a business, relocation, changing tax residence
- Where we come in
- The immigration strategy must match the financial one, or one breaks the other
In plain words
Wealth management is comprehensive work with a family’s money, not just an investment portfolio. Put simply: the question here is not “what to invest in” but “how to arrange the capital as a whole so that it grows, creates no tax surprises and passes smoothly to the children”.
The work usually covers four layers: investments and asset allocation, tax planning, the legal ownership structure (companies, trusts, foundations) and family matters — succession, provision for children, marital arrangements. These services are provided by private banks, independent managers and family offices.
For our clients there is an important point of contact: changing the country you live in also changes the tax picture. A portfolio that is optimal in one jurisdiction may become inefficient after a move, and sometimes create obligations no one thought about. That is why we try to build the immigration strategy and wealth management together, not separately.
When wealth management is needed
What wealth management consists of
- Asset allocation
- Currency structure
- Risk management
- Tax residence
- CFC rules
- Reporting and CRS
- Companies and holdings
- Trusts and foundations
- Owning real estate
- Inheritance
- Provision for children
- Coordination with immigration
How the strategy is built
- 01Inventory of assets and goals
- 02The tax picture after the move
- 03Ownership structure
- 04Investment strategy
- 05Regular review
What to take into account
- A change of residence changes the taxes on the whole portfolio
- CFC rules may catch your own companies
- CRS reporting works automatically
- Holding real estate through a structure is not always advantageous
- Succession law in the country of residence may differ from what you are used to
Common mistakes
- Planning the move and the capital separately
- Keeping the old ownership structure after relocating
- Not checking the tax consequences of selling assets
- Assuming a passport changes tax residence
- Putting succession questions off “until later”
What this means for a BRIDGES client
We do not look at immigration in a vacuum: before the move we check how the change of residence will affect your assets, companies and reporting, and bring in a tax adviser when needed. The programme should not create financial surprises for you.
Frequently asked questions
01 /How does wealth management differ from investment?
Investment is part of the work. Wealth management is broader: it includes taxes, the ownership structure, succession and coordination with the family’s plans.
02 /Is large capital needed?
Each provider has its own threshold. But the logic itself — coordinating investments, taxes and structure — is useful well before private banking levels.
03 /How does a move affect capital?
A change of tax residence changes the rules on taxing income, dividends and capital gains, and sometimes brings CFC rules into play for your companies.
04 /Does a second passport change taxes?
Not by itself. Tax residence is determined above all by where you actually live, not by citizenship.
05 /When is it best to review the structure?
Before the change of residence. After the move some decisions become more expensive or unavailable — the sale of assets, for example, is already taxed under the new rules.
06 /Do you manage clients’ money?
No. We deal with immigration strategy and make sure it does not conflict with your financial picture, and where necessary we work together with your advisers.
See also
Read next
This material has undergone editorial review by BRIDGES.
Planning a move with capital?
We will check the tax consequences of relocating before you apply — so that the strategy works rather than creating obligations.