In his whitepaper on the benefits of offshore fund structures, in particular Bahamian SMART funds, for Brazilian clients, William Heuseler, chief wealth planning officer of Itaú Private Bank International, argues that currently many Brazilian wealthy families are facing a lack of alignment of individual and collective needs, which in turn creates tension.

Heuseler’s whitepaper explores the benefits of offshore fund structures, in particular SMART Funds in The Bahamas, as a sophisticated, low cost and flexible wealth planning tool for Brazilian families.

The whitepaper covers:
The Brazilian tax system and foreign exchange system related to funds held abroad
Specific Mandate Alternative Regulatory Test (SMART) funds and Brazilians
Obstacles faced by the Brazilian hedge funds industry.

Heuseler will be participating in a panel session at the Latin Family Office Forum 2011 on managing assets and funds across multiple jurisdictions to be held in Miami, November 15-17.

Download the whitepaper here.