Should I set up a Family Investment Company or a Trust?

It’s a question I’m asked almost every week by client

ts who are thinking about long-term wealth planning.

And the truth is — there’s no one-size-fits-all answer.

It depends entirely on your goals, family dynamics, and stage of life.

Here’s what I often explain in those conversations 👇

🔹 Trusts can work well where the focus is on protection and discretion.

They’re designed to hold assets safely for future generations — but come with limits on how much control you can keep once assets are transferred.

There are also ongoing tax charges that need to be carefully managed.

🔹 Family Investment Companies (FICs), on the other hand, are corporate structures.

They allow parents to stay in control as directors, while children hold shares — a structure that encourages education, governance, and long-term growth.

They’re also generally more transparent, flexible, and tax-efficient for families looking to grow rather than just protect wealth.So when clients ask me, “Which is better?” —
my answer is always:

➡️ “It depends on what legacy you want to build.”

For some, protection and simplicity come first — a Trust may fit best.

For others, who want to grow investments, involve the next generation, and retain control, an FIC is the modern choice.

At LMJ Group, we help families explore both options carefully — from structure and tax planning to long-term governance — ensuring the decision truly reflects your family’s vision and values.