Current Themes In Private Wealth Structuring

At Ogier we continue to see Jersey trust companies winning substantive mandates for new private wealth structures.  Plainly this bodes well for the future of the sector on the island.  The purpose of this article is to consider the key drivers as to why ultra-high net worth families are choosing to structure now and ultimately to reflect on why these families and their advisers are choosing Jersey structures over and above other options.

Much of Jersey's substantive new business in private wealth is coming from the Middle East and the Far East.  For these clients tax is rarely the driver.  This contrasts with much of Jersey's business in the 1980s and early 1990s which was predominantly UK tax driven and built on mitigating capital gains tax and inheritance tax.  Of course tax will always need to be considered for Middle East and Far East clients - many of these families are international in the sense of assets being held in multiple jurisdictions and family members