Category: Opinion
‘Personalizing Climate-Focused Wealth Management Portfolios’ with Jean-Maurice Ladure
Jean-Maurice Ladure talks about wealth management portfolios able to take into consideration clients’ preferences on climate change.
read moreCan banking institutions unilaterally impose new policies on clients with housing loan agreements?
Mr Savvas Savvides, Partner for Michael Kyprianou & Co LLC, talks about banking institutions and whether they can unilaterally impose new policies on clients with housing loan agreements.
read morePlaying the waiting game
James Godrich of JM Finn explains why he thinks that a patient approach can lead to short term drawdowns but remains the right strategy for long term returns.
read more‘Til divorce us do part…
The first working Monday of the New Year is often referred to as “divorce day” in the press. Extended time with family can unleash resentment and compound long term problems. But is divorce a seasonal move and is Christmas really to blame? Karen Jones, Editor at Citywealth gets the expert update
read moreTech island: the Isle of Man
Citywealth’s April French Furnell delves into the Isle of Man offering to find out why it’s becoming so popular with HNW tech entrepreneurs.
read moreThemes and changes: Citywealth’s Review of 2021
“Another year over, a new one just begun”, as the song goes. Here’s Citywealth’s review of 2021.
read moreA guide to making M&A work: part four – Watching out for fraud
This fourth and final article in this M&A Mini Series deals with the issue of fraud.
read moreA guide to making M&A work: part three – Getting Implementation Right
This third article addresses the importance of a successful implementation.
read moreESG investments reviewed
Citywealth’s April French Furnell asks the industry, what challenges lie ahead as ESG products increase but reports of different standards brings confusion to investors.
read moreHong Kong update with Clifford Ng, Zhong Lun
Ahead of the IFC Awards on the 26th January 2022, Citywealth spoke to Clifford Ng, head of the private client practice at law firm Zhong Lun’s Hong Kong office to discuss the growing prominence of Hong Kong as a booking centre for clients, succession planning and compliance.
read moreA guide to making M&A work: part two
The second article in this four-part series explores: What is culture and why does it matter?
read moreMeet the Leaders of Tomorrow
The workplace we used to know is shifting as new generations enter the workforce with unique perspectives on how to inspire others to take action for a better world. The skills that leaders will need to possess in the future are also changing and adapting to the new requirements of the working world
read moreCelebrating a year of tenacity: Magic Circle Awards 2022
17 May 2022 will mark the return of our in-person Magic Circle Awards gala dinner, our flagship awards where we recognise the talent and achievements of the private wealth sector during the past 12 months.
read moreFamily office tentacles dig into private market investments
Family offices, with an estimated $5.9trillion of assets under management, are deploying a growing portion of their assets to the private equity and debt markets. Citywealth’s April French Furnell spoke to family office advisors to find out the reasons why.
read moreBitcoin is past the beta stage
The top 100 Crypto advisors and managers will shortly be informed of their ranking. Keep an eye out across social media for the accredited logos.
read moreCrypto conference: Token2049 London
London Crypto Week, organised by Token2049, who seem to be predominantly based in Hong Kong, arrived in London on 4-10 Oct, to showcase various crypto businesses or crypto ‘natives’.
read moreA guide to making M&A work: part one
The first in this four-part series will describe the two most prevalent deal types currently being practiced in the market: Share purchases (bricks and mortar) or asset deals (the buying of accounts).
read moreCrypto taxes: payment in pounds, dollars or eth sir?
As HMRC nudge letters arrive at the homes of crypto asset owners, urging them to check they have paid the right tax, Citywealth’s April French Furnell spoke to tax advisors to find out everything UHNWs need to know to stay on the right side of HMRC.
read morePhilanthropists in the spotlight
Citywealth puts three philanthropists under the spotlight to find out about their passions: celebrating mother earth, wildland restoration and climate action
read moreFemale wealth: The rise of the matriarch
As equality kicks into the private wealth industry, Citywealth spoke to advisors to find out how they are evolving their services to meet the needs of this growing client base.
read moreYou better work bitch: Conservatorships in the US
Citywealth spoke to lawyers in the US to find out whether the model is still fit for purpose and what the Britney Spears case means for the future of conservatorships.
read moreTechpreneurs – the ups and downs of becoming a tech billionaire
Citywealth called upon the expertise of lawyers with experience advising tech companies from seed through to fundraising and exit, as well as investors and techpreneurs themselves, to find out the secret to ‘crossing the chasm’.
read morePrivate Relocation to Switzerland
Times are turbulent and many of our entrepreneur clients are currently asking how they could relocate to Switzerland, either alone, with their business or with their families.
read morePrivate Relocation to Switzerland
Times are turbulent and many of our entrepreneur clients are currently asking how they could relocate to Switzerland, either alone, with their business or with their families.
read moreFamily business succession: “Neither life nor success can be taken for granted.”
Citywealth’s April French Furnell spoke to family advisors to find out some key indicators for a successful handover.
read moreIntroducing the Top 100 Private Client lawyers
As an exceptional Private Client Lawyer, building strong relationships and going above and beyond for clients in any given circumstance is the norm. The start of the pandemic saw increased media reports of domestic abuse, financial problems, mental anxiety, and situations never encountered before. W
read more3 tips for your first steps with cryptocurrency
Digital currency has been at the forefront of public interest since 2009 when Bitcoin was first launched; nowadays, it is even more desirable due to the introduction of NFTs. During last year we, at Citywealth, have hosted several discussions with specialists on the topic and are glad to share some
read moreAn update on CHINA and HONG KONG
China’s burgeoning billionaire population seeks wealth management closer to home
read moreThe Green Pass and freedom of movement for European citizens
The unprecedented spread of the coronavirus pandemic that has paralysed the planet for more than 18 months has brought with it severe restrictions by all countries and this has had a huge impact on both the movement of citizens and their freedom of movement within and outside the European Union
read moreESG branding with B-Corps?
With so many new products and offerings coming to the market, how can you avoid being accused of greenwashing so that clients wanting to invest are sure their money is making the impact they expect? One way, says April French-Furnell, is to check if the company has B-Corp Certification.
read moreIs now the time for income investors to adopt a total return approach?
Whilst Governments and Central Banks around the world have acted quickly to mitigate some of the consequences of the Covid-19 crisis, we are all too well aware that those investors looking for income are feeling the effects.
read moreDebunking four common divorce myths in the UK
As lockdown slowly lifts in the UK and a flurry of divorce instructions are anticipated, Citywealth puts the record straight on four common myths with the help of some of the leading divorce lawyers in the UK.
read moreFive trends wine investors need to know right now
Considering whether to buy or sell your Bordeaux? Interested in rare wines from Napa? Matthew O’Connell, Head of Investment at Bordeaux Index shares his five trends to watch for the savvy investor.
read moreWinners of the Magic Circle Awards 2021: a review of their year
The winners in this year’s awards proved that they can operate and perform at a high level, and meet the unique challenges that we’ve seen in the past 12 months.
read moreGender Diversity on Boards – Moving the Dial?
My personal pledge is to raise awareness of the importance and progress being made around gender diversity at a board level.
read morePOV: Bitcoin beginner overview
Karen Jones, Editor, Citywealth, takes on the crypto market after four years of research
read moreNFT Mania: innovation frontier
Citywealth’s April French Furnell asks: Why are NFTs growing in popularity and what should investors know before adding them to their art collection?
read moreWho are the top 10 accountants of 2021?
In the interest of our readers, Citywealth is pleased to present the Top 10 Accountants of 2021 serving the UHNW segment of the market.
read moreInvesting: the rise of the credit fund
Citywealth’s April French Furnell explores the investment opportunities and challenges ahead because the true investment challenge is to perform well in difficult times.
read moreTop 5 Best pieces of advice from Citywealth’s Philanthropic Advisors
Philanthropic advisors play a pivotal role in helping donors achieve their mission and clarify their values and strategy. Therefore, we’ve prepared a selection of the most valuable suggestions from five of the Citywealth’s Top Philanthropic Advisors this year.
read moreIreland update
According to data from Knight Frank’s annual Wealth Report, it now takes more money to join the richest one percent of the population in Ireland than it does anywhere else in the EU, with Ireland’s top percentile each worth more than €2.6 million each
read moreCorporate culpability
The last financial crisis saw huge ponzi schemes such as Madoff and Stanford come to light, so it seemed a prudent time for Citywealth’s April French Furnell to ask: is fraud on the rise and should investors be wary?
read moreIntroducing Citywealth’s Leaders List: Top Recommended Philanthropic Advisors 2021
Citywealth’s Leaders List is pleased to unveil the Top Recommended Philanthropic Advisors 2021. These advisors across the UK and US are the leading professionals in the field as decided by independent peer research conducted in early 2021.
read moreInternational Powerwomen: Choose to Challenge
This March, Citywealth is celebrating Women’s History Month. Championing women across one day is not enough, so we’re continuing the narrative we started nine years ago when launching the Powerwomen Awards across this month, and into the future.
read more5 Leaders’ tips for great networking
Networking, the key to success in the business arena. To makes sure we have expert advice, we asked Tim Bailey, Portfolio Director at Cazenove Capital to share 5 of what he believes are the best practices when it comes to networking:
read moreEmpowered women empower women: 3 success stories from our Powerwomen Awards
Empowered women empower women: 3 success stories from our Powerwomen Awards
read moreSupercars – putting bumper stickers on a Bentley
Supercars are a passion investment but the market has cooled. If you are looking for a quick profit, look elsewhere. But if you are looking to invest as a purist and for the roar of the engine, then you’ll be welcomed into the club with open arms.
read moreWhat can business learn from crises?
In her latest book, Uncharted, Margaret Heffernan – CEO, mentor, TED speaker with +12million views – presents uncertainty as a fuel for change. Written pre-COVID, there are many lessons to be learnt by businesses in this current crisis and opportunities to be seized upon.
read moreTeleworking Vs COVID-19
In light of the coronavirus pandemic where workers leave their offices and work from home, it brings to the fore the need for special arrangements, if not through legislation, at least at the level of sectoral Collective Agreements, argues Savvas Savvides
read moreCFC St Moritz: Are you ‘all in’?
Bitcoin makes it. Karen Jones, Editor, Citywealth imo review of CFC St Moritz virtual day and the crypto industry
read moreTax, tax and more tax
Ahead of UK chancellor Rishi Sunak’s March Budget, the rumour mill is once again in overdrive as to whether tax reliefs will be in the firing line and if so, which ones.
read moreUSA: a whirlwind with Covid and Biden election
Last year was the perfect storm for the private wealth industry in the US.
read morePhilanthropy: attempting the impossible
“Philanthropists were up against it before COVID-19, but it’s brought to light that philanthropy needs to be highly strategic, data driven and ultimately it needs to go to scale to be successful”.
read moreEmpowered women empower women
Great authority, influence and responsibility is what we often associate with women in power, more and more often. Around the world, women now have more power than ever before, with a rise in decision-making forums and domains, be them public or private, individual or within a company.
read moreGlobal update: IFCs
As 2021 brings us back to work with the first struggle to remember our passwords, the Citywealth team’s sights are set on the upcoming IFC Awards 2021 which we’ll be hosting virtually on the 23rd February. What better time to get an update from across the private wealth industry.
read moreEnjoy a curated tour of The National Gallery’s ‘Artemisia’ from home
Join exhibition curator, Letizia Treves, on a 30-minute tour of the five-star exhibition, ‘Artemisia’ at the National Gallery for just £8.
read moreModern privacy. When no news is news
Citywealth’s April French Furnell investigates how wealthy families and celebrities can stop themselves from being thrown to the ‘dogs’.
read moreCayman sees off Covid and blacklisting to end 2020 on a high
The year 2020 has been a rollercoaster for all nations, but for Cayman in particular it has been a year of two halves.
read moreThe Cayman Islands: A jurisdiction of choice for family offices
In a new body of research commissioned by Dart Real Estate, the Cayman Islands is identified as a leading jurisdiction for establishing an international family office.
read more3 huge advantages to joining our user-rating site Leaders List
How many times, as a wealth management expert, have you felt that you have done amazing work, but not too many people from your network (clients, partners) really knew about it?
read moreThe pandemic wallet
2020 was, as one private client advisor frankly said, “a crappy year”, not only for public health but also for companies who had to reconfigure to cope with the dramatic change in economic decisions.
read moreCareers during COVID
Office rules were upended during the pandemic, so April French-Furnell pondered the ‘Ultimate Question of Life, the Universe, and Everything’, and she found herself wondering “can you still impress your boss over Zoom?”
read moreUK Property: still a land of milk and honey
Looking to pick up a multi-million-pound bargain in London? Well 2020 could be the year you land on your feet.
read moreClick and pay art purchases: Have Cate Blanchett in your living room
Are crowded galleries and glitzy opening nights, a thing of the past for the art world? Like many aspects of life, purchasing and experiencing art, has also been affected by the coronavirus pandemic, yet as Citywealth’s April French Furnell explores, innovation is the answer.
read moreGet orf my land!: Landed estates and The Agriculture Bill
Forget the image of the old-fashioned landed estate owner resting on his laurels, today’s landowners are land entrepreneurs who embrace change to sustain their operations, according to advisors to the UK’s largest landed estates.
read moreSurrogacy and egg freezing guide. Read our advice from advisors to celebrities like Kim Kardashian
Despite the increasing number of children born via surrogate, this path to parenthood is far from simple.
read moreMoving to Monaco: more than a bolthole
A few years ago, the average billionaire looking to buy or rent an apartment in Monaco was happy with a couple of bedrooms and a few visits a year to the principality on the French riviera. But times have changed.
read moreCHICAGO – Wealth, taxes and election year
Come November, President Trump will go head-to-head with the Democrats seeking re-election for a second four-year term while quite likely still doing battle with the fallout from coronavirus.
read moreWills and succession: Preparing the umbrella before it rains
As we slowly edge out of lockdown, and fear subsides, Citywealth’s April French Furnell asked advisors about this global theme, during, now and in future.
read morePrivate equity flips its economic defibrillator
Private equity has had record years but will these continue as the impact of COVID-19 hits?
read moreESG: values, investments and Covid19
The demand for ESG isn’t satiated, powerful investors are calling upon their investment managers to deliver more: more innovation, more impactful products and more measurement.
read moreWhat questions are being asked of divorce lawyers during Covid19?
The Covid19 pandemic means financial uncertainty and new challenges in managing family life. Below are some of the questions Suzanne Kingston, Consultant at law firm, Mills & Reeve is being asked about the impact of Covid19 on divorce, finances and child arrangements.
read moreItaly update
What a difference a few weeks can make. When we researched this article in late February, the wealth advisers in Italy, said they had never been so busy.
read moreHold your horses! Racehorse ownership
So if a horse or horse course ownership is in your sights, perhaps testing the water in a syndicate or fractional ownership programme could give you a head start.
read moreAll roads lead to Rome
As private equity experiences rapid growth as an asset class, investors and trustees need to be prepared, writes Charlotte Thorne
read moreLet’s hear it for the disruptors
If government wants to act in a way that is truly “pro business”, it might start by helping challenger firms disrupt the status quo in financial services
read moreQuarterly notes on investing: Q4 2019
• July marked the point at which the USA attained its longest period of economic expansion on record – a period which has endured since 2009.
read moreHow to establish the right family office
The founding partners of Capital Generation Partners share the lessons they have learnt from managing family offices and how these have shaped their UHNW investment proposition.
read morePrivate islands, superyachts, art and the tax man
Ever dreamt of owning your own private island, superyacht or Monet? For the UHNW, these dreams are a just a purchase away on a black Amex but, our advice is think before you shop, purchases aren’t without their problems.
read morePassion investing: Rubies and Renoirs
In Citywealth’s latest update on passion investing, April French Furnell explores the latest trends in two popular choices for passion investments: art in fractions and celebrity jewellery.
read moreDivorce: Rich rock stars and their royalties
With series two of BBC legal drama The Split currently airing, featuring the complexities of high profile divorces it seemed timely to look at a developing issue surrounding celebrity divorce and how to deal with royalties.
read moreThe value of concierge – the extras matter
Concierge services are not a new idea. They’ve been offered in various forms by most private client, focused businesses at some point or another. Yet today they are enjoying a renaissance.
read moreNew York’s wealthy start planning early in election year
New York’s private wealth industry is flourishing as overseas billionaires continue to relocate to the city and domestic clients start looking at their structures in anticipation of the Presidential election in November.
read moreLitigation: All is fair in love or trusts?
As family structures become increasingly complex, the opportunity for sibling jealousy and bitterness to fester and arguments to brew, is ever increasing. For the UHNW, whose assets and wealth is often held in a trust, the result can be a trust dispute.
read moreHow Top US tech funding writes corporate success stories
Watch this space: tech funds are bound to continue writing success stories in the world of transformative businesses.
read moreFamily law: Babynups
Babynups, an agreement between future parents about the division of childcare responsibilities, have recently come into prominence. With two new babies in the Citywealth ‘family’ it seemed a pertinent time to understand the options.
read moreSwitzerland: The tide turns
Whether because of Brexit and the threat of a Labour government in the United Kingdom, political uncertainty in the Middle East or the fear of crime in Latin America, high net worth clients are beginning to look at Switzerland with fresh eyes.
read morePrivate equity PAC Man
Private equity has turned into a racing Ferrari at Le Mans, winning through industry consolidation, reducing admin costs and introducing automation. Gone are the days when UHNWs would shy away from private equity as an unknown frontier.
read moreTrust punch ups
Litigation has seen a sharp rise since the credit crunch with beneficiaries questioning their trustees and investment consultants providing context to UHNW clients on investment returns.
read moreMONACO yacht show update: Not ending up in a stew with crew
As recent changes to French employment law bring to the fore the challenges of crew employment aboard superyachts, Citywealth’s April French Furnell investigates how owners and managers are adapting to the new regulations.
read moreThe Guernsey ‘green dollar’
The launch last year of the Guernsey Green Fund, the world’s first regulated green investment fund product, has put Guernsey on the map as a hub for investors focused not only on financial returns but also on environmental sustainability.
read moreGermany: Exit taxes keep germans local
Germany’s wealthy stay loyal to the local economy and invest their assets close to home
read moreESG sustainability and The Greta effect
Investors and investment managers who are moving to sustainable finance and wanting to take time doing so, it remains to be seen if Gen Z and the Greta effect will let them do so. If ‘extinction’ rather than sustainability is on the United Nations and social media agenda, it remains to be seen if th
read moreFinancial crime: Tax schemes and investigations .. Tchenguiz
Tax schemes once thought of and encouraged by “professionals” and peers, suddenly turn into scorched earth.
read moreHow to create a successful single family office (SFO): If it was easy everyone would be doing it
The family office concept has been around for a long time, particularly in the US where the entry level to set them up is drilled down to the affluent population, yet the past decade has seen a significant increase in interest in higher value offices from European, Middle Eastern and Asian families
read moreDIVERSITY: Powerwomen Club presents SPONSORSHIP: Moving on from mentoring
On Wednesday 16 October 2019, Citywealth’s Powerwomen Club will be hosting a lunchtime panel discussion on the difference between being a mentor and a sponsor.
read moreProperty update: sterling rate attracts US and Ritz Carlton Affair Saudi’s
House prices in London might be falling, but for now London retains its title as the world’s number one city for UHNWI residents. Citywealth’s April French Furnell spoke to London property experts to find out the trends behind the headline figures.
read moreBermuda update: Business as usual
Great news for Bermuda as blacklisting worries disappear
read moreMeet the SUPERADVISORS
Citywealth recently held an open call to those aged 40 or under in the wealth management industry in search of the next ‘future leaders’.
read moreHoi Liechtenstein!
Best known for its private banks for wealthy, international clients, at the end of last year Liechtenstein decided to also become a crypto hub.
read moreTaking the burden out of onboarding
Carrying out due diligence for new clients can be time-consuming and laborious, but automating the process through regtech could be a game-changer, believes Dolfin COO Amir Nabi.
read morePassion investing: The Artful Dodger
Purchasing a serious piece of art for yourself or a client can be one of the largest investments you’ll make in your life, but you may not realise that having the money to make the purchase is just the beginning.
read moreIf God had wanted us to fly he would have given us wings (or cannabis)
The lobbying; legalization and consequent institutional value of the medicinal, not recreational, cannabis industry continues to rise and is poised for more growth as a wave of legalization and public pressure for reform, drives change in North America and Europe.
read moreChina: Nowhere to hide…
Chinese common reporting standard arrives: Chinese govt receive bank account information on residents from 75 countries
read moreDementia: it’s on the tip of my tongue
Dementia is the most feared health condition in the UK, according to a study carried out by the Alzheimer’s Society. Memory loss and difficulties with thinking, problem-solving or language are just some of the symptoms of dementia.
read moreUSA Update: engaging women in wealth management
The wealth management industry has struggled to engage with the growing pot of female wealth which has risen to make up to 51 per cent of US personal wealth…
read moreFurther afield
Wealth managers are hiring again in the UK regions. For some, a presence in the regions has long been a key strategy, for others they are rebuilding a past footprint having retrenched back to London.
read moreSingapore pulls away as regional family office hub
The announcement in February by Singapore’s Finance Minister of a plan to extend tax exemptions for family offices, which were due to expire this year, has driven further demand from the wealthy in the region to establish more formal structures around their assets.
read moreGodspeed: UK immigration
The recent changes to UK immigration rules are set to ensure the UK remains a world-leading business destination. Yet, these amendments have proven contentious.
read moreNo regrets?
Whereas once, business and its executives, had a simple life, with news about their deals and views likely to be seen only in the business pages, today the same story has the potential to be spun into front-page news, using the lens of a populist wave from Social Media and the Media.
read moreMalta update
In January, Malta’s prime minister set out his ambitious vision to make Malta the most UK-friendly country in Europe post-Brexit, promising the 13,000 Britons already living on the island a special status and guaranteeing a warm welcome to others that might follow.
read moreInnovations boost Jersey’s global appeal
The Jersey government’s recent introduction of International Savings Plans (ISPs) is just the latest sign of the growing importance to the island of clients originating from the Middle East.
read moreMeet one’s maker
Most people understand they need to leave a Will to ensure their assets or businesses are divided and passed on to their families or spouses as they wish, despite this, there are plenty of reports which show the number of inheritance disputes are on the rise…
read moreWashing your dirty laundry in public?
When it comes to family law cases, the position on media reporting is as clear as mud, so much so that making a decision to talk to the media can mean couples are playing Russian roulette with the privacy of their financial and business affairs.
read morePassion investing: arm candy
You can tell a lot about a person from their selected timepiece. You might make assumptions about their taste, style, and for those who can tell their Rolex from their Patek Philippe, even wealth.
read moreGibraltar thriving as blockchain outshines Brexit
Fears of an exodus of assets and wealthy individuals from Gibraltar when the British overseas territory exits the EU along with the rest of the UK in 2019 have proved unfounded, as a massive uptick in the Rock’s blockchain business has continued to attract newcomers.
read moreNostrovia?
Is the UK still a golden destination for Russians or are they feeling the chill? Citywealth’s April French Furnell spoke to advisors in the private wealth industry to get views.
read moreDeep diving on tech
This week Citywealth’s April French Furnell investigates where the big money is going into tech. Is it all cyber security, payment systems or Blockchain? Or AI, MedTech and ethics?
read more‘Dirty money’ and Unexplained Wealth Orders
Unexplained Wealth Orders have been hitting the headlines since they came into force in January 2018. Dubbed ‘McMafia law’ by the press after the BBC1 British crime drama television series, they are a tool to give investigators more powers to review suspected money laundering
read moreAllocating pension funds to private companies
Do you have wealthy clients with substantial pension savings and an appetite for higher returns? Rockpool provides a guide to the benefits of private company investing within a pension and signposts an easy low-cost route to take advantage of the opportunity.
read morePassion investing: Buy what you love
Last month a hybrid-powered Ferrari, LaFerrari Aperta, the removable roof variant of the Italian supercar built to celebrate its 70th anniversary, came up for sale at more than triple its reported original list price.
read moreSMEs and private foundations drive Austria’s wealth industry
The Austrian economy thrives on the strength of its SMEs, according to Meinhard Platzer, Co-CEO of the Austrian business of LGT Bank, the largest family-owned private banking group in Europe.
read moreFly me to the moon
Owning a private jet remains one of the ultimate signs of wealth portraying that “lifestyle of the rich and famous,” yet is becoming more accessible with the rise of fractional ownership and membership programmes, as the industry attracts a younger clientele.
read moreChase the Ace
What do you do when you get awarded £453million in a divorce by the UK courts but your ex-spouse refuses to pay the settlement? That’s the scenario Tatiana Akhmedov, ex-spouse of Azerbaijani but often described as ‘Russian’ Oligarch Farkhad Akhmedov found herself in.
read moreCatching up with Uncle Sam
Global wealth amounted to $317trillion in 2018 with the USA remaining at the top of the wealth list with $98trillion of the pie. To find out the latest private client news, April French Furnell caught up with some key advisers and managers to get their insight on the wealthy in the largest economy.
read moreNo Paparazzi please!
Public interest in wealth management and estate planning has remained at an all-time high following the Panama and Paradise Papers which saw confidential financial documents revealed to the public on front page headlines around the world.
read moreThere’s no we, without you and I
One of the defining features of today’s billionaires is entrepreneurship, and in the same way that tech and retail entrepreneurs have disrupted the status quo to scale businesses, they are bringing their calculated know-how to philanthropy.
read moreChinese bourgeoisie boost fine wine market
The fine wine market has long attracted investors from Europe and the US who both have a long legacy of wine making and because of strong returns over the last decade. Adding to this is a growing theme of purchasers from the Chinese ‘Middle Class’.
read moreDivorce: going Private
There’s no denying the uptick in divorce inquiries from married couples that happens in January. Here is our review of 2018 and headline cases and what it will mean for those contemplating the D word.
read moreShip shape for 2019
As thoughts turn to Christmas and the New Year ahead, we asked the wealth management industry what their thoughts are for 2019.
read moreWealth management comes of age in Germany
Germany is now home to more billionaires than any other European country, and after an exceptionally long period of economic growth, more and more families are moving to sell their family businesses, setting up family offices and otherwise structuring their wealth more professionally.
read moreFinTech: Chatbots and Artificial Intelligence
Wealth management is exploring how technology can be deployed to better serve clients, more so than ever before, but with Robo being on-trend one year and now AI, what is the industry doing to deploy buzz tech and what is being done?
read moreIslamic finance jumps into FinTech
Back in 2015, predictions for the growth of Islamic finance throughout the Arab world and beyond were optimistic with Thomson Reuters predicting global assets would reach $3.25 trillion by 2020. Yet, with under two years to go, the current figure still stands $1trillion short.
read moreLuxembourg welcomes HNWs as business booms
At a time of macroeconomic and political upheaval across the European continent, Luxembourg is quietly witnessing an influx of HNWIs
read moreLove by swipe: adapting wills and estate planning to modern romance
A potential life partner might be selected with the swipe of a finger, cohabitation is on the rise, and second and third families are becoming increasingly common. In light of changing relationships, what advice does the private client industry have when it comes to Wills and estate planning?
read moreMauritius on the rise as Africa gets richer
Mauritius is the fastest growing wealth market in Africa, according to a recent report, with the number of millionaires increasing by 20 per cent in the last year alone.
read moreTrusting in Private Equity?
Private equity has been a boon for many in the IFC’s, while for others it has strengthened their resolve to remain owner-managed. So after many years of the PE model, Citywealth invited key players in the industry to debate: What is the ongoing effect for the trust industry?
read moreSaudi females boost DIFC private wealth industry
Dubai International Financial Centre (DIFC)-based wealth advisers are seeing opportunities aplenty from Saudi females looking to discuss their options.
read moreThe Budget: Something of nothing
The Chancellor’s Autumn 2018 Budget was peppered with vote-winning giveaways and yet it failed to deliver any handouts in the areas the private wealth industry had anticipated.
read moreKey hires as Jersey and Guernsey exploit growth markets
Despite political challenges, and the ever-increasing burden of regulation, the news from Jersey and Guernsey shows strong growth as they maintain their positions as leading centres of international private wealth.
read moreBritain has more Islamic banks and lenders than any other Western country
Imam Qazi, partner at Foot Anstey, says that GCC investors are diversifying wealth into UK real estate using Islamic finance structures as oil revenues decline
read more