Page 9 - The Portugal News - Online Issue
P. 9

Advertiser’s Announcement                                       The Portugal News • 23 Mar 2019 9



      Discretionary Fund Management for the


      Scandinavian NHR in Portugal



      The past decade has seen thousands of Scandinavians – mainly Danes, Swedes and Norwegians – moving to Portugal, not
      least because of the opportunities to exchange the relative cold and dark of their home countries for the warmth and light of
      the Mediterranean sun.
              he influx of     as a wealth management
              Scandinavian     innovator of more than
              retirees into Por-  three decades standing,
       Ttugal has been an      the Blacktower Group
       unmitigated success story  has spent its life span
       for the Portuguese govern-  placing itself ahead of
       ment, providing a much  the game, championing
       needed financial boost,  the benefits of the
       with expats contributing to  discretionary fund
       many areas of the       management model
       economy, from basic retail  long before it became
       spending to investing in  popular to do so.
       property and an increasing  Quite simply,
       number of tech start-ups.  discretionary fund
        For expats, the journey  management is about
       to Portugal brings with it  enhancing the whole
       the possibility of Non-  investment experience.
       Habitual Resident status  This is because a third-
       and all its             party DFM is able to free
       accompanying tax        up large amounts of time
       planning opportunities –  for your wealth manager
       for example, the chance  by bringing specialist
       to avoid tax in your home  knowledge to the day-to-
       country while paying no  day management of your
       tax at all for ten years on  portfolio. This helps your
       pension income in       wealth manager to assist
       Portugal. And, while it’s  you in reaching your
       true that over the past  unique goals while
       few years various       ensuring that, if you wish,
       countries, including    you are able to remain
       Finland and Denmark,    abreast of both general
       have struck deals with  and specific market
       Portugal allowing them  conditions.
       to recover at least some  The DFM’s specialist  tech start-up boom.      with a trade desk to help  Marrying Your DFM    to the Blacktower teams in
                                                                                                          Marrying Your DFM
                                                                                                          Marrying Your DFM
                                                                                                          Marrying Your DFM
                                                                                                          Marrying Your DFM
       tax from expatriates    management provision      This is not to say that a  them keep abreast of  with Your Tax and     Lisbon or the Algarve
                                                                                                        with Your Tax and
                                                                                                        with Your Tax and
                                                                                                        with Your Tax and
                                                                                                        with Your Tax and
       living in Portugal, even in  combined with the wealth  DFM is purely about  their portfolio’s status but  Inheritance  Planning  about how using a
                                                                                                        Inheritance
                                                                                                        Inheritance
                                                                                                        Inheritance
                                                                                                                     Planning
                                                                                                                     Planning
                                                                                                                     Planning
                                                                                                        Inheritance
                                                                                                                     Planning
       2019, financial         manager’s individual    results – although like  also to help them                               Discretionary Fund
       opportunities abound.   knowledge of our clients,  any investment service,  respond efficiently to any  Blacktower has   Management service
        Here we take a look at  and their strategies,  these are of course the  other cash flow or      relationships with around  might best advance your
       some of the benefits of  plays a vital part in  ultimate aim – a DFM is  financial needs as they  half a dozen Discretionary  interests, get in touch with
       discretionary fund      helping investors to    also beneficial for the  arise.                  Fund Managers including  us today.
       management for the      weather volatility in the  expat investor in      By using a top-down    Quilter Cheviot. This helps
       Scandinavian expat in   market so that they can  Portugal because of the  DFM service the        our Scandinavian clients
       Portugal and how the    avoid unnecessary       way they stand as a      Blacktower proposition  enjoy a holistic and
       wealth managers at      emotional deviations,   continual point of contact  empowers the client to  bespoke wealth
       Blacktower provide a    instead adhering to their  to help the client    build a portfolio in    management service to
       trusted service for     long-term strategy even  understand the makeup   keeping with their      make the most of the
       expatriates.            in difficult economic   of their portfolio, its place  character and     cross-border tax and
                               times. Furthermore, a   in the market and how it is  investment goals.   inheritance tax planning
                       Fund
                       Fund
                       Fund
                       Fund
        Discretionary
        Discretionary
        Discretionary
        Discretionary  Fund    DFM’s independent       calibrated to help        Depending on these     opportunities that are
        Discretionary
       Management for
       Management for
       Management for          research, knowledge     achieve financial goals.  two factors, Portfolios  available to them as a
       Management for
       Management for
       Expats in Portugal?
       Expats in Portugal?
       Expats in Portugal?
       Expats in Portugal?
       Expats in Portugal?     and experience can also                          can be built to reflect a  Non-Habitual Resident in
                               help an individual client  Personalised  to to to to to  wealth-preservation  Portugal.
                                                         Personalised
                                                         Personalised
                                                         Personalised
                                                         Personalised
       It was not that long ago  make the most of      Your Needs,              approach to investment,
                                                       Your Needs,
                                                       Your Needs,
                                                       Your Needs,
                                                       Your Needs,
       that the benefits of    emerging markets and    Blacktower’s  DFM        a more aggressive,      Wealth   Management
                                                                                                        Wealth
                                                                                                                 Management
                                                                     DFM
                                                                                                        Wealth
                                                                                                                 Management
                                                                                                                 Management
                                                                                                                 Management
                                                                                                        Wealth
                                                                                                        Wealth
                                                                     DFM
                                                                     DFM
                                                       Blacktower’s
                                                       Blacktower’s
                                                       Blacktower’s
                                                                     DFM
                                                       Blacktower’s
       having a Discretionary  opportunities at the    offering                 growth-focused strategy  Experts in Lisbon and
                                                       offering
                                                       offering
                                                                                                        Experts in Lisbon and
                                                                                                        Experts in Lisbon and
                                                       offering
                                                                                                        Experts in Lisbon and
                                                                                                        Experts in Lisbon and
                                                       offering
       Fund Manager (DFM)      critical early-growth                            or a more balanced      the Algarve              by Sally Tilly,
                                                                                                        the Algarve
                                                                                                        the Algarve
                                                                                                        the Algarve
                                                                                                        the Algarve
                                                                                                                                 by Sally Tilly,
                                                                                                                                 by Sally Tilly,
                                                                                                                                 by Sally Tilly,
                                                                                                                                 by Sally Tilly,
       were not widely         phase – for example,    Blacktower’s DFM         approach that sits                               International Financial
                                                                                                                                 International Financial
                                                                                                                                 International Financial
                                                                                                                                 International Financial
                                                                                                                                 International Financial
       understood. However,    during the recent Lisbon  service provides clients  somewhere in the middle.  If you would like to speak  Adviser
                                                                                                                                 Adviser
                                                                                                                                 Adviser
                                                                                                                                 Adviser
                                                                                                                                 Adviser
         ADVICE FROM BLACKTOWER
         ADVICE FROM BLACKTOWER
         ADVICE FROM BLACKTOWER
         ADVICE FROM BLACKTOWER
         ADVICE FROM BLACKTOWER
            The Blacktower Group was formed in 1986 and has earned it’s reputation providing wealth and management and pensions planning advice to
         clients in the UK as well as those who are resident abroad. Our proven and bespoke service can help you accomplish your financial goals.
         With offices in the Algarve and Cascais and representatives servicing expats all over Portugal, we can help you today by calling 289 355 685 or
         214 648 220 or email info@blacktowerfm.com. All companies under the Blacktower Group are Regulated/Licenced in the locations they are
         positioned. For full details on how and who we are regulated by please visit www.theblacktowergroup.com
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