Some frequently asked questions…
Q. What is the process of Lifestyle Planning?
A. LSM has a well established and efficient process in place, refined over many years.
However, Covid 19 has made certain changes necessary to ensure the safety of our clients, staff and partners.
Presently personal meetings may be replaced by zoom and other call methods, which whilst not perfect ensures continuity of service.
We are still here and have not gone anywhere, we are here to support you.
Q. Why should I meet Lifestyle Management Team? I already have a Financial Adviser!
A. We would hope so. Most professional expatriates and nationals of Kenya have someone who assists with their financial affairs, we would be concerned if you didn’t! Our role at LSM is to look at the holistic big picture. Much more than simply financial advice.
Q. Does Lifestyle Management charge a fee?
A. We only charge fees for specific types of services and where relevant, any such fees will be discussed and explained in detail before agreement.
Contact us for more information.
Q. Is this just financial sales?
A. Absolutely Not!
As you can see above, we are about holistic Lifestyle Planning. This is not about a financial sale, nor is it about budgeting, taxes, investments and insurance etc; but the broader context of your goals and aspirations for the future for you and your family, and how you are going to be able to achieve them.
Q. Are you regulated?
A. Lifestyle Management are licensed and regulated by the CMA (Capital Market Authority)Click here
As we are regulated by Capital Markets Authority in Kenya, we take our responsibility as Investment Advisors very seriously. In case of any formal complaints should there be any, against Lifestyle Management and any member of staff, kindly contact our Compliance Officer via the complaints form. Register here.
Q. Why should I not invest in my own Country? (Onshore & Offshore)
A. Onshore Investments – It is the keeping of money in the jurisdiction of one’s country. Investing onshore is not immune to risk and carries its own pitfalls. Sometimes there is the perception that because you are investing in an onshore vehicle it is safer. However, market risk or other financial risks are very much the same. Moreover, the structuring aspects of onshore funds sometimes come with their own risks.
Offshore Investments – is the keeping of money in a jurisdiction other than one’s country of residence. Offshore jurisdictions are a commonly accepted means of reducing the taxes levied in most countries to both large and small-scale investors alike.
The advantage to offshore investment is that such operations are both legal and less costly than those offered in the investor’s country – or “onshore”. Payment of less tax is the driving force behind most ‘offshore’ activity.