JA Group & Co Helps Legal Industry Client Secure Citizenship and Higher Returns with Smart Investment Strategy
Client: “Margaret Mulberry” (Identity Withheld)
Region: Europe and Africa
Industry: Legal
Age: 50+
Client AUM: $2m
Client Since: 2019
Background
Mrs Mulberry spent her entire working career as a lawyer in a West African country and rose to a high-ranking position in her field. Over the years she had accumulated a fair amount of wealth across real estate and other financial assets. Mrs Mulberry’s children are British and thus she spent a lot of time travelling to the United Kingdom for visits. To avoid the inconvenience of constant visa applications, she decided to go down the UK Investor Visa route which would over time lead to permanent residency and subsequently citizenship. In order to qualify for this, she elected to invest in UK Government Bonds, also known as Gilts.
Problem:
During the intervening period, the investment requirements for the UK Investor Visa more than doubled, leaving MrsMulberry with an insufficient capital base to meet the visa requirements and worse still, a very low-yielding financial asset for the purpose of generating passive income to meet recurring expenditure as she approached early retirement.
Solution:
Mrs Mulberry approached JA Group & Co for help. Based on our intensive fact-find, we discovered that Mrs Mulberry wasn’t particularly wedded to the idea of becoming a citizen of the United Kingdom. She simply wanted to freely cross the country’s borders to see her children without the inconvenience of visa application processes. Therefore, we advised the client to pursue a Citizenship by Investment scheme in a country whose passport allowed visa-free access to the United Kingdom, whilst divesting from UK Gilts and reinvesting in higher-yielding securities. She is now a citizen of a Caribbean nation whose passport permits visa-free travel to 160 countries globally, including the United Kingdom. Years after following our advice, her investments have yielded circa 16.5% per annum on hard currency.
Client Remarks:
“Having had a very rough time which occasioned a huge loss of money in the hands of a well-known Bank in the UK, a friend introduced me to JA Group. For over four years with them, it's been a success story with peace of mind. I remain with JA Group.”
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