LOM Financial (Bermuda) Limited

The Society of Trust and Estate Practitioners , more commonly known as STEP, is an internationally recognized professional network for wealth and financial experts and analysts. Primarily, this global association provides services in family inheritance and succession planning.   Full STEP members are globally recognized practitioners in the industry, with an impressive list of qualification and years of experience. Every year, these wealth experts come together in an event known as the Society of Trust and Estate Practitioners (STEP) Global Congress and address contemporary issues that have major impacts on specific areas of the industry. This year, the summit will take place on 13-14 September 2018, in Vancouver, Canada. Renowned company executives, wealth managers, wealth analysts, as well as offshore investment experts such as LOM Financial are expected to attend. The event promises to be another must-attend event in a STEP member’s calendar. The STEP Global Cong...

HAMILTON, Bermuda – 25 April 2018 - LOM Financial Limited ("the Company"; ticker: LOM.BH) today announced the financial results to fiscal year end 31 December 2017.  In a letter to shareholders, the Company’s CEO stated: 2017 Financial Results 25th April 2017 To our Shareholders: During 2017 LOM expanded on our activities of the previous year. We grew our client base, raised additional assets and continued to improve our financial performance. Our assets under administration (AUA) rose from $684 million at the beginning of the year to $870 million by the end of 2017. Further gains have been made in the first part of this year with assets rising to $914 million. We are continuing our focus on winning new clients and recruiting top level financial advisors and private bankers. To this end we have added experienced staff in our Bahamas office and our new Cayman office.  The addition of these new staff and premises obviously will increase our costs this year and, we...

In the financial and business world, knowledge is power. This is why it’s a must to bank on the most consistent information, reliable research, and trustworthy industry knowledge to go with one’s every financial and investment decision in the industry.  Equipping yourself with the right knowledge and information resources can make a big difference but it’s also important to know where to find them. If you don’t know where to start, check out this list of the top sites for financial news and advice and you’ll be good to go. Bloomberg This finance and investment website is where you can find the most recent and relevant financial information published by experts and read by seasoned investors. It has different features like the Bloomberg Markets where you can find news and pertinent analysis every day. In addition, they have their selection of their own mobile apps for on-the-go investors. Kiplinger Based in Washington, D.C., Kiplinger’s blog focuses both on pe...

Image source: countrynavigator.com Globalization has paved the way to a limitless mobility of people from around the world to move and find refuge, be it for political or economic security, from their country of heritage to a foreign land. Diasporas have made some of the world’s biggest cities into huge cosmopolitan centers, serving as melting pots for a great diversity of cultures, backgrounds, and ways of life. Cities like New York, London, Dubai, and Hong Kong have a substantial percentage of  expatriates living and working within their boundaries. Although the motivations of such mobility may be personal , there are ways in which groups in diaspora unknowingly help their countries of origin, especially in terms of social and economic impact. This is because they maintain their connections to their homeland and in many instances, they preserve a legal identity as well as establish a socioeconomic presence in their country of origin. In turn, this type of migration h...

When people talk about investing, one of the things that they never fail to mention is how they should start young in setting aside money for the future. Although this advice has its merits,  analysts argue that while people in their 20s hold the prime age when it comes to investing, it doesn’t mean that older people don’t have a chance to redeem themselves and start saving up for their golden years. So does age really matter when it comes to investing?  Perhaps the question that we should be asking is: is age the single most important factor in investing? It’s always the best decision to start in your 20s and doing so can guarantee the highest possible compound interest growth because compared to their older counterparts, young investors have more time to accumulate money and reinvest their earnings without worrying much about the risks. However, age should not limit older people from getting started on their investment goals. For instance, people in thei...