Mr. Chan immigrated to Hong Kong from the PRC (People’s Republic of China) in the late 1960s, joining the electrical engineering industry as an apprentice of Conic Group, then the largest electronics manufacturer in Hong Kong. Rising to the position of manager, he eventually founded his own electronics company.

Asset Evaluation

Mr. Chan’s electronics company is a privately held company found in 1976 with over thirty years experience of electrical cable manufacturing.

His company is a global wire & cable service provider which provides proven, economical and customer focused supply solutions.

Axiom assisted with the evaluation of Mr. Chan’s assets through the aid of CPAs we directed Mr. Chan to, who assessed the net worth of his business and assets.

From there, Axiom directed corporate finance firms to locate potential buyers for Mr. Chan’s business, before locating a buyer.

Upon purchase of the company, we also worked with Mr. Chan to set up multiple accounts to place his newly accumulated wealth and a family trust for his spouse and heirs.

Goals Identification

Mr. Chan wished to retire at 58 years old.

He aimed to accumulate up to $10 million USD in his retirement fund, created by selling his financial assets (his company).

Mr. Chan also aimed to ensure all financial debts were paid for along with business & personal assets were financially secure.

Furthermore, ensuring assets were distributed appropriately to his spouse, children and successors, and a net worth of $40 million USD ensured a steady cash flow of $300,000 USD p.m, were Mr. Chan’s targets.

Axiom helped Mr. Chan to identify these financial goals based on  Mr. Chan’s ultimate goal to be a charitable figure.

We ensured his financial plans allowed Mr. Chan  to be a philanthropist, to lead a charitable foundation (based on his Taoist beliefs), and to guarantee his personal funds would yield enough annual recurring income (via investment) on advisory by Axiom.

We helped Mr. Chan setup three funds in Taipei, Manchester, and Hong Kong.

Asset Protection Strategy

• Set up an offshore trust under Mr. Chan’s name in Jersey
• Plan out future tax payments Mr. Chan would expect to deliver
• Advise liquidity planning via insurance and tax planning (for unforeseen expenses or hidden taxes)

Risk Diversification

Axiom suggested Mr. Chan to diversify his existing real estate (fixed assets) into rental yield as part of his investment portfolio, to ensure income could be produced post-retirement into his personal fund.

This could be in the form of establishing real estate trust for existing investment activities or monetization, to setting up investment holding companies for asset protection and tax planning.

We concluded this was the best option for Mr. Chan to ensure the portfolio return would be consistent and stable according to market economic conditions, no matter what the status of the buy/sell environment would be.

A diversified portfolio, comprised of different asset types, including fixed income, foreign exchange, equity, and alternative investments, would ensure Mr. Chan could maintain a stable and sustainable cash flow to finance his remaining expenses.