Nikola Spasić (1838-1916) was a Serbian wholesaler, philanthropist, and significant endowment funder. The endowment, which today houses the premises of the Gecić Law office, began its work in 1920. Nikola Spasić’s many charitable activities include the “Society of Children’s Shelters” – a house for schoolchildren’s shelter with annual financial assistance and prizes for the best students. During the First Balkan War, he organized an auxiliary hospital for the Serbian wounded. In addition to fully equipping the hospital, he also provided a doctor from Germany. Dr. Draga Ljočić, the first female doctor in Serbia, also worked in that hospital.
In a world where wealth continues to accumulate, the number of high-net-worth individuals (based on Capgemini’s definition of an HNWI as an individual with US$1 million in wealth to invest), and the value of their assets are distributed between North America, Asia-Pacific, and Europe. By the end of the last year, global wealth increased at a significant rate of 9.8%, which is far above the average annual +6.6% recorded since the beginning of the century. Researchers expect global wealth to record a cumulative rise of 36% in the near future, with middle-income countries primarily driving global wealth increases. The forecast is that the number of millionaires will exceed 87 million individuals over the next five years.
Our Family Office and High Net Worth team has focused its work on advising clients on multiple aspects of how to invest their wealth. With multidisciplinary experience and a reputation for delivering best-in-class, bespoke client service to high-net-worth individuals and family offices across the globe, we confront distinct challenges in today’s ever-changing markets. We closely work with our clients to establish and operationalize the most appropriate tax-efficient structures for a full range of investment opportunities. We resolve potential issues with innovative solutions in each instance and guide our clients through the decision-making process, maintaining their privacy and ensuring their safety.
Our team advises clients worldwide on sensitive business and personal affairs, including:
