Wealth & Finance International - February 2017

Wealth & Finance International 16 America’s Place in the World an you go into more detail about the work your firm does? By using our proprietary seven generation legacy process, Lugen Family Office helps families and businesses optimise their true wealth through collateralized wealth and legacy planning. Can you give any examples of any successes your firm has had lately? Enzo Calamo is the founder and visionary of collateralized legacy planning. Enzo is also the Best Selling Author of How To Create Infinite Returns In Real Estate Using The Secret Asset: How To Recover All Business and Personal Expenses Using The Secret Asset, https://www. amazon.ca/Create-Infinite-Returns-Estate-Secret-ebook/dp/B01HBPE- C2I/ref=zg_bs_951580_1. Our Family Office is a gold award curator for 10 Newswires, including the most up to date information on Family Offices, http://www.scoop.it/t/ family-office-by-enzo-calamo, wealth management, http://www.scoop . it/t/wealth-management-by-enzo-calamo, philanthropy, http://www. scoop.it/t/philanthropy-by-enzo-calamo, family business, http://www. scoop.it/t/family-business-by-enzo-calamo, healthy living, http://www. scoop.it/t/healthy-living-by-enzo-calamo, finance and markets, http:// www.scoop.it/t/finance-transforming-money-into-wealth, luxury homes and commercial real estate, http://www.scoop.it/t/commercial-real-es- tate-by-enzo-calamo. Our core focus is working with UHNW clients on private projects for collateralized wealth management and legacy planning which will leave a significant and positive impact on the world. Can you tell me your thoughts on the most talked about election in modern history, as the US and the world prepare themselves for the impli- cations of this highly controversial election? We live in a democracy and the US citizens have chosen their next leader. It is the responsibility of the President to help determine the new direction of the US for the next few years. It is our role to support the President and to let our voices be heard if we disagree with any of his new policies. To what extent do you think that immigration, taxes, wealth disparity, data privacy and the approach to big business and Wall Street will all determine America’s place in the world? The disparity of wealth is causing the global rise of populism. Every society needs a strong and prosperous middle class for an economy to function efficiently. Concentrated wealth in the hands of the few will lead to the collapse of globalisation and the American Dream. The wealthy have a responsibili- ty to make sure that their rising tide of prosperity also raises the ships of the middle class while minimising the effects of poverty. Therefore, why will the Family Office be more important than ever as it considers the best way to protect their client’s assets? Family offices are completely aligned with the best interests of the fami- ly and business. A family office is a formalised structure for the dreams, desires, and hopes of the family and business. Therefore, family offices will become the gatekeepers between external resources required by the family and the project overseer of the family and business needs. Concerning the important elements of a successful family office, the purpose of a family office is to meet the personal aspirations of the family members. What are your thoughts on the important elements of a successful family office, such as investment planning, estate and succession planning and administrative services? The purpose of a family office is to meet the various needs of the family. Therefore, the sole purpose of a family office is to focus on daily tasks and projects which close the gap between the current situation faced by the family and the desired goal to be achieved. A family office needs to be result driven so that every day a step is taken to achieve the desired success and significance for the family and business. What role do staff play in the success of your firm? Staff need to be flexible for each project. The appropriate internal and external team members must be brought together to best accomplish the desired goal. However, project teams need be kept small and easily manageable to ensure privacy and the best possible outcome. What feedback do you receive from your customers? We talk with our clients on a regular basis to keep them informed on their projects. It is more important for a family office to be open and honest with the client rather than sugar coat the feedback received from others about a project. Sometimes a change in direction is required to achieve the best results. What opportunities and challenges does your firm face in 2017 and beyond? Our family office is becoming more and more protective of our clients and our strategic partners. Therefore, our private eco-system is becom- ing exclusive to our own client’s projects. Lugen Family Office is a values based multifamily office that empowers UHNW families and established businesses build a positive and sustainable dynasty. “It is an honour to win the Family Office of the Year 2016 award granted by such a prestigious magazine.” C 1702WF40