Yachts are one of the first assets people aspire to when coming into wealth, and it used to be a lot harder to own one. Now, businessmen like Andrew Farkas and Jason De Palma have made owning a yacht a lot easier through companies like Island Global Yachting and Vantage Yacht Club. Here are the companies that are changing the process of owning a boat:
Island Global Yachting (IGY):
One of the most difficult aspects of owning a yacht is figuring out where to dock it. Island Global Yachting is a company focused on acquiring, managing, and servicing luxury-yacht marinas, making it easier for yacht owners to find quality locales in the Americas to dock their luxury yachts. Founded by Andrew Farkas in 2005, IGY has built a network of luxury marinas and has its own Anchor Club, the only marina loyalty program for yacht owners. Andrew Farkas developed the idea for the company from his love of yachts and sailing, and has seen the company grow to a total of 14 yachts in the Caribbean and Americas.
Vantage Yacht Club:
Founded by Jason De Palma, Vantage Yacht Club aims to provide an affordable option for people wanting the experience of a private yacht without the hassle and responsibilities. with a variety of membership options, the Vantage Yacht Club allows members to reserve a boat as much or as little as desired. The Vantage Yacht Club offers many different yacht styles to choose from including yachts ranging from 18’-62’. The company is also able to arrange charter management and the buying and selling of a personal boat.
Royal Yachting Association (RYA):
Due to the efforts of the Royal Yachting Association, it is possible to charter a ship from anywhere in the world if you obtain a Yachtmaster’s certificate. The association controls the certification and instruction of sailing, windsurfing and powerboating and aims to make sailing more accessible through education programs. RYA offers 5 different certificates in its boating school, providing craft and basic training. These certifications not only help you feel more comfortable in your own boat, but provide the credibility to be able to charter a boat from other locations.