Today is for you, our creative minds who are behind Africa’s most captivating stories and artistic expressions. You are the heartbeat of the entertainment, arts, and movie industry in Nigeria and across the continent. Your work not only entertains but also shapes cultures and narratives.
In Africa, we have seen a remarkable rise in the global influence of our artists, filmmakers, musicians, and performers. However, beneath the glitz and glamour lie unique challenges that are often faced by our creative talents. Financial security, legacy planning, and wealth preservation are concerns that deserve attention, and this is where a multifamily office (MFO) can play a pivotal role. In my role as the Managing Partner of The Legacy Haus multifamily office, I have seen first-hand how family offices can create structures for creatives to secure their legacies and multigenerational wealth transfer. Here are some benefits to you:
- Wealth Management Tailored to You
Our multifamily office understands that the financial lives of creatives are often unique and dynamic. Traditional financial solutions may not always align with your irregular income streams and changing financial needs. We work closely with you to develop customized wealth management strategies that reflect your specific financial situation, ensuring your hard-earned money is working for you efficiently.
- Legacy Building for your Family
Your creative work is your legacy, and we want to help you protect and preserve it. Beyond leaving a mark in your industry your legacy includes providing for your loved ones and securing their future. I know you are focused on your craft and haven’t quite thought in this direction.
MFOs specialise in legacy planning, which means ensuring that your intellectual property, royalties, and creative assets are well-managed and protected. We help you create a comprehensive plan that ensures your family’s financial well-being for generations to come. From setting up trusts to estate planning, we’ve got you covered.
- Investment Guidance
Successful artists often face a unique challenge: what to do with the wealth they’ve accumulated. Whether it’s from movie deals, art sales, or royalties, managing substantial income can be complex. Smart investments can provide financial stability, wealth growth and long-term security. MFOs have the expertise to help you make informed investment decisions that align with your values and long-term goals and they make adjustments as needed to optimize your returns.
- Financial Stability for Creatives
We understand the financial rollercoaster that artistes often find themselves on. We can help you create a financial plan that smooths out the bumps and ensures you have a stable financial base to support your creative endeavors. We will work with you to manage your income, invest wisely, and plan for those rainy days.
- Tax Efficiency
Taxes can take a significant chunk of your hard-earned income. MFOs specialize in tax planning to help you minimize your tax liability while staying compliant with the law. This means more money in your pocket to fund your next project and support your family.
- Holistic Support
MFOs understand that your life extends beyond your career. That’s why they offer a range of services beyond wealth management. Whether you need legal advice, concierge services, global school selection for your kids or guidance on family governance, we have the expertise to assist you.
MFOs are your partners in securing your creative legacy. We understand the unique challenges you face, and are available to provide guidance, support, and solutions tailored to your needs. We are dedicated to empowering African creatives in the entertainment, arts, and movie industry to not only achieve their financial goals but also leave a lasting legacy. Your creativity has the power to inspire generations with the right professional support.
If you’re a creative in Nigeria, Africa, or the diaspora, and you’re ready to take control of your future, I invite you to reach out to us. Let’s embark on this journey together. With The Legacy Haus by your side, your artistic legacy will shine brightly, ensuring that your impact endures for years to come.
Written by:
Olufunke Olumide
Managing Partner, The Legacy Haus.
