Although Guernsey’s client base is truly international with many clients possibly having no UK nexus, the island’s fiduciary industry still regards London as the premier hub for international private wealth advice, making the City the ideal location for the first-ever Guernsey Private Wealth Forum, hosted by Guernsey Finance.
Alasdair McLaren, Guernsey Association of Trustees (GAT) Committee Member, immediate past chair of STEP Guernsey and Director said the general mood amongst practitioners was very positive.
The client base for Guernsey practitioners continues to be driven by succession and estate planning and asset protection for international families. We’ve also seen a growth in corporate fiduciary work.
STEP Guernsey Chair Adele Perrot, said a number of consultations in recent years had moved the industry forward in terms of regulatory reform, including the introduction of a privately-held beneficial ownership register and ongoing refinements to the supervisory laws.
As a result of its secure and stable government, its sophisticated anti-money laundering regulations, neutral tax regime and erudite legal system, Guernsey continues to attract new and complex private clients to add to its vibrant and diverse offering. We expect Guernsey to continue to evolve by creating superior solutions for the private wealth sector in the face of ever-pressing overseas regulatory and economic developments.
We are delighted to have been shortlisted in this year’s STEP Private Client Awards in the Trust Company of the Year (midsize firm) category.
The awards – now in their 13th year – offer businesses an opportunity to demonstrate excellence to peer groups and clients and are open to a wide range of professional services firms including private client solicitors, accountants, barristers, bankers and financial advisors as well as fiduciary providers.
Firms are assessed by a panel of judges, representing financial services professionals from around the globe, who shortlist up to five nominees per category, scoring each company’s written submission against a set of criteria specific to each category. For fiduciary firms, the criteria cover areas such as business development and client retention strategy, approach to asset protection, client service delivery and staff’s technical skills and on-going development.
The finalists are then considered by a panel of experts and its recommendations are returned to the judges who meet to make their final decisions.
Imperium Director Casey Jonkmans said:
We are delighted to have been shortlisted for this award. The STEP Private Client Awards is a prestigious event and the selection and assessment process is extremely robust. This is a fantastic validation of the hard work of the entire Imperium team.
The awards ceremony will take place on 7 November at the Park Plaza Hotel in London.