Take Control of Your Financial Future

At Liondaris, our goal is to help you create a secure financial future for yourself, your business … and for your family too. We call this Legacy planning. Our role is to guide you through the complexities of finance, ensuring that your money works to secure a future, not just for you, but for your family for generations to come.

One of the tools we use to achieve this goal is via the setting up of an FIC – Family Investment Company.

What is an FIC – Family Investment Company?

A Family Investment Company (FIC) is a private company whose shareholders are members of the same family. This arrangement enables the passing on of your wealth to the next generations in a tax-efficient manner while allowing the principal members to maintain control over the assets.

FICs are typically funded by family members, who become shareholders in proportion to their contribution. The investment portfolio of an FIC can encompass a wide variety of asset types, including stocks, bonds, real estate, and other investments.

What are the benefits of an FIC?

Family Investment Companies (FICs) offer several key benefits to your family.

1.    They provide a controlled, efficient, and flexible mechanism for inter-generational wealth transfer. Assets transferred into an FIC can potentially fall outside of your estate of the original owner for Inheritance Tax purposes, thus potentially reducing tax liabilities.

2.    Simultaneously, the original owners can retain control over the assets by allocating different classes of shares with differing rights.

3.    FICs allow for a broad range of investments, enabling you to build a diversified portfolio that can be tailored to your family's risk tolerance and financial goals.

Unlike trusts, FICs are not subject to the same level of regulation and can offer greater privacy since they are not required to be publicly registered, other than the normal company registration requirements.

4.    Finally, FICs provide continuity. They don’t 'end' or have to be 'wound up' on the death of the original owners, so they offer an enduring structure for family wealth management for years to come.