Building a nest egg in the Cayman Islands
Savings plans often form the basis of building a nest egg.
Savings Plans in Cayman
Building a nest egg
Savings plans often form the basis of building a nest egg. The fact is, the sooner you start, putting money away, the more you stand to accumulate. you want to invest a lump sum or put money away each month, PROVEN has the experience to help you make the most of savings opportunities available.
Savings plan challenges faced by our clients
Saving for a better future can feel like a daunting task. Some of the most common questions asked by our clients include:
How much money do I need to save?
The amount you’ll need to save depends entirely on your goals and plans for the future. We can help you put together a bespoke savings plan so you can feel confident that it’s manageable but significant enough to enable you to achieve your goals.
What kind of savings plans do you offer?
We offer a wide variety of savings plans from many of the world’s leading offshore investment providers. All the savings plans are portable, and should you leave, you can take your savings plan with you.
What if my circumstances change in the future?
When building a nest egg over time, you need the flexibility to adjust your plan as your circumstances change. All savings plans we offer have the flexibility to adjust to your circumstances and our advisers are on hand to provide the right advice at the right time.
Our approach to savings plans
There are four steps to our savings plan process:
Learning about you
To provide you with the best options possible, we have to learn all about you. We’ll ask you about your life, your finances, your plans and your priorities as you look towards the future.
Explore your options
We’ll analyse the figures and present you with the best suited savings plans to meet your requirements.
The right plan for you
If you hate paperwork, don’t worry – this is not something you will have to get much involved with. We handle all the necessary paperwork and procedures for you. Once processed, you can start saving. Our experts take on most of the work for you.
As part of our service we will provide ongoing help with reviewing your circumstances and savings plan with you, so you can continue to make the most of your savings.
A Well known author Warren Buffett once said
“Do not save what is left after spending, but spend what is left after saving.”
How do your savings plans work?
There are many great savings opportunities available. At PROVEN Wealth, we work hard to find the right options for our clients by learning about your current situation and your goals. We then use this information to create your personalized savings plan that will help you save as much as you are able to on an ongoing basis.
What timeframes do you work with?
We don’t have a set timeframe for our Cayman Islands savings plans. Instead, we’ll discuss and work out a time frame suitable for your circumstances.
Do I need to know anything about financial markets or investing?
Not at all. We focus on creating simple, easy-to-follow savings plans based on our own knowledge of financial markets and investing, so all you need to do is look to the future and we take care of the rest.
Is there a fee for our initial meeting?
Your initial meeting with PROVEN Wealth will be complimentary. We believe this makes it easier for you to assess our suitability without any pressure.
How much money do I need to start?
We have savings plans in the Cayman Islands starting at $300 pm. However, the amount suitable for your own goals and circumstances will be different for the next person, so we create a bespoke plan based on your personal finances.
What happens if I decide to leave Cayman?
All our savings plans are portable, so if you decide you wish to relocate you can simply take it with you.
Which currencies can I invest?
You can invest in USD, GBP & EUR.
Will I get regular updates on how my savings plan is performing?
As part of our service, we will regularly review your savings plan to ensure it is still working as efficiently as possible. If we feel changes need to be made or you choose to modify your priorities, our experts will make the alterations as soon as possible.