Trevor

The taxonomy of Wraps

Definitional problems are endemic to the wealth management sector. Take the term ‘private bank’ for example. This can refer to a corporate structure (a privately owned bank as opposed to a state-owned bank) a specific corporate structure (a bank owned by its partners instead of shareholders as in the case of the Swiss partnership banks) or a business activity directed at a specific market segment (the provision of financial services... (posted by Trevor 7 years 234 days ago.)

The Changing Role of the Family Office

The events of the last 12 months should have a considerable impact on the debate over the role of the ‘family office’. This debate was initiated by private banks who adopted the term as the label under which they market wealth management services to very rich individuals and, in doing so, they have come up with a number of new ideas. They have also argued that many families are not well... (posted by Trevor 7 years 234 days ago.)

Stars and trusts

Moving from one country to another can offer spectacular tax planning opportunities and often the chance to leave one tax jurisdiction but structurally insulate one’s assets and/or income from tax in the new country. In an imperfect tax world, pre-immigration planning exploits these opportunities to “fall between the cracks” and sometimes create nightmares in the tax inspector’s dream of global taxation of us all somewhere. For a... (posted by Trevor 7 years 234 days ago.)