Guernsey's private wealth sector is moving towards dealing
with larger, more complex clients where the real breadth and depth
of experience on the island can add value, according to island
practitioners.
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.
Trust Corporation International Group Chairman Michael Betley
said the higher complexity and technicality of wealth planning was
in part caused by globalisation with many wealthy families
contending with multi-jurisdictional needs.
