Lighthouse Canton has launched a new wealth platform called Global Indian to manage and diversify the assets of Non-Resident Indians [1].
This initiative targets the specific challenges faced by NRI families who often hold investments across multiple countries. By consolidating these fragmented holdings, the firm intends to streamline how high-net-worth individuals track and grow their global portfolios.
Lighthouse Canton is a global investment institution headquartered in Singapore [1]. The firm is operating the new platform through its presence in Singapore and GIFT City, India [2]. The strategy focuses on providing a unified approach to wealth management that transcends national boundaries.
According to a representative from Lighthouse Canton, the platform brings together reporting across jurisdictions, cross-border wealth structuring, and a single advisory relationship [3]. This structure is designed to replace the need for multiple, disconnected advisors in different countries.
The firm said the platform is intended to unite the fragmented wealth of NRI families [4]. By integrating reporting across different legal jurisdictions, the service allows clients to view their total global exposure in one place [1].
This cross-border approach addresses the complexities of varying tax laws and regulatory environments that often complicate NRI investments. The platform seeks to provide a single point of contact for advisory services, reducing the administrative burden on families managing assets in both India and abroad [3].
“The platform brings together reporting across jurisdictions, cross-border wealth structuring, and a single advisory relationship.”
The launch of Global Indian reflects a growing trend toward the 'institutionalization' of family wealth for the Indian diaspora. By leveraging Singapore's status as a financial hub and India's GIFT City, Lighthouse Canton is positioning itself to capture a larger share of the NRI market, which typically struggles with the friction of managing assets across disparate regulatory regimes.
