Putting up ownership stake for a buyout in a family business could be a tough and emotionally charged decision. It will be a complex and profitable process that needs to be approached strategically to ensure you receive the best deal for the lifetime of your work in developing the business. Whether the sale is done …
Steps To A Successful Buyout In Selling A Family Business Read More »
For high-net-worth individuals and families with global wealth footprints, navigating the US tax system can be especially complex. If you are a US taxpayer with foreign ties—whether through offshore investments, foreign trusts, international businesses, or dual citizenship—your obligations extend far beyond the standard Form 1040. Failing to comply with global reporting rules could expose you …
Key US Tax Considerations for Individuals with Foreign Ties Read More »
You’d be forgiven for thinking CECL is just another finance acronym that only matters to bankers. In fact, CECL—Current Expected Credit Loss—is a rule that banks now use to estimate future losses on loans and other financial assets. But here’s the twist: CECL compliance for investment firms isn’t just a headache. It’s also a sneak …
Individual donors across the globe contribute billions of dollars to charities. The majority of them state the reason being the positive impact on society while many also find tax deduction a good reason alongside the positive impact. High-net-worth individuals consider philanthropy to be done only with the right understanding of the organization with proper charitable …
Charitable Trusts vs. Donor-Advised Funds: Choosing the Right Philanthropy Strategy Read More »
Wealthy individuals have earned their position at the top through hard work and patience. Very few have inherited or won their wealth through luck, restricting their ability or experience to grow. However, those who have earned their spot among the few understand the power of monetary habits, which many follow consistently to ensure their position …
8 Financial Habits That Wealthy Individuals Follow Read More »
An ultra-high-net-worth individual may seem to have the perfect life from the outside. And they mostly do, but it doesn’t come with some downsides. The wealth they accompany also brings along certain events that can’t be avoided. Apart from the cost of living for wealthy individuals or their accustomed and extravagant lifestyle, their unique challenges …
The Hidden Costs of Ultra-High-Net-Worth Living That No One Talks About Read More »
Family offices have been a cornerstone for affluent families with active influence. They have resurfaced to be at the forefront of financial preservation. Guiding many about the presence and importance of having them, with now a massive audience craving financial stability. However, the transformation and the sheer value modern financial services for high-net-worth families bring …
The Evolution of Family Office Services: Why They’re More Essential Than Ever Read More »
Cyber crimes in the United States have been staggering, especially among ultra-high-net-worth individuals. According to the FBI’s Internet Crime Complaint Center, $1.6 billion of losses are faced by Americans due to online crimes, though the actual number could be much higher due to negligence and lack of knowledge. BEC or Business Email Compromise is one …
What is Business Email Compromise? How UHNWIs Can Protect Their Wealth Read More »
High-net-worth individuals need expertise to suitably handle their income, investments, and assets for maximum tax savings. They face unique challenges that create havoc in managing their wealth. The most critical aspect is managing the complexity of tax liabilities. This is where income tax planning coordination becomes vital, ensuring compliance while maximizing tax efficiency. Income tax …
Income Tax Planning Coordination: Maximizing Tax Efficiency For HNWIs Read More »
Family offices, particularly multi-family offices, play a pivotal role in managing the wealth of ultra-high-net-worth families. They go beyond traditional wealth management, family offices often provide comprehensive services like estate planning, philanthropic advisory, and legacy preservation services. Their effectiveness and trustworthiness circle around financial reporting, a tool that fosters transparency and accountability in managing family …
How Financial Reporting Enhances Transparency & Accountability In Family Office Read More »
Since Avestar Capital’s founding in 2017 with $250 million in AUM, we have grown exponentially and are proud to announce that we closed this year with AUM of $1 billion.
Avestar Capital specializes in strategic financial planning for high-net-worth individuals from the South Asian diaspora, offering tailored wealth management solutions that transcend international borders. With a focus on optimizing financial growth and security, they guide clients through intricate cross-border financial landscapes with expertise and precision.
According to a Ministry of External Affairs report,
32 million NRIs reside outside India;
and overseas Indians comprise the world’s largest overseas diaspora.
— Wikipedia
