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Showing posts from July, 2020

Matthew Ledvina Suggests 5 Things about Fintech that People Should Know

T he popularity of Fintech is increasing at an exponential rate and people all over the world are welcoming the technology with completely open arms. One of the primary reasons behind such massive growth of the fintech industry is its ability to make financial activities much easier for consumers. Matthew Ledvina works as an MD in a London-based Venture Capital firm and continuously monitors all the happenings in the world of fintech. While many people are using fintech or financial technologies in their daily lives, Matthew Ledvina  explains 5 important things that every fintech user must be aware of and are as follows: 1.       Revolutionizing Financial Services Financial institutions have known to combine technology with finance a long time ago when ATMs and debit/credit cards simplified transactions and money withdrawals. However, soon afterward, greater emphasis is given to the utilization of technology in finance, which led to the emergence of the fintech industry. Today, fintec

A Smart Solution to Accumulation Distribution

High net worth individuals looking to protect their assets from taxation are often faced with a variety of challenging decisions. They know the end result they want to achieve, but the processes and options at their disposal can often feel like they’re written in a foreign language. To give you some food for thought we’re going to take a look at the issue of accumulation distribution: what it is, why it occurs, and how to solve it. That way you’ll be able to make an informed decision that will stand the test of time. What is Accumulation? High net worth individuals will commonly set up Foreign Non-Grantor Trusts (FNGTs). These are legal tools that allow a non-US citizen to transfer their income to a US beneficiary in a safe and secure way. A common example of this would be a high net worth parent looking to financially support a child or relative living in the US. Whilst FGNTs have a number of attractive benefits, they can also have their downsides if not structured