What's New at Havelet Assignment Company 2023?
Who is Havelet Assignment Company?
The professionals at Havelet have expertise in tax deferral strategies for US attorneys, their claimants, and the sale of real, personal, and business properties through the installment and structured sale processes. Havelet maintains a permanent establishment in Barbados to take advantage of the benefits within the US Barbados Tax Treaty. These benefits are passed through to clients, enabling their money to work on a pre-tax, or tax-deferred basis,
Havelet’s strategies enable clients to defer but not avoid taxation and invest certain assets on a pre- tax basis. Advanced tax planning opportunities are available through estate and asset protection strategies through Alpha Growth’s life insurance company subsidiaries.
- Havelet utilizes private placement annuities to ensure that there is no withholding tax due on US source investment income (article 10.2 of the US-Barbados Tax Treaty).
- Havelet provides both variable and fixed guaranteed investment options.
- Real property and business sale programs are transacted with the client’s professional advisors for customization and accurate tax planning.
- Havelet provides a transparent fee structure based on the duration of the contract and the size of the investment portfolio
What's New With Havelet Assignment Company?
Havelet Assignment Company was acquired by and is now a wholly owned subsidiary of Alpha Growth plc, a London Stock Exchange listed company (LSE: ALGW and OTCQB: ALPGF), and is independently audited, complying with all relevant US and International tax and regulatory bodies. The Alpha Growth acquisition of Havelet Assigmment Company took place in November 2022
Havelet is believed to be the only non qualified assignment company owned by a publicly traded company that is not an insurance company.
Alpha Growth is one of the fastest growing asset managers in the world. Once its latest acquisition completes, it will have over $700m of Assets Under Management. This will represent a 70 fold increase in AUM since 2020. According to the company Alpha Growth has a clear strategy, supported by a strong pipeline of opportunities, to further increase our AUM to over $2bn by 2025. This increase in AUM will drive significant additional revenue and profitable returns for the company and our shareholders. Alpha Growth Plc is listed in the UK and has offices in London, Bermuda and California.
All assets are held in the United States, in segregated client accounts, mitigating counterparty risks.
More to follow…
