Advocate Josephine Howe, a partner in Ogier's top-tier
Jersey Private Wealth team, joined the firm in 2005 – in the
past 14 years she has seen significant changes not just in
legislation and in client demands, but also in the role of
professional private wealth advisers.
How has the private client industry changed?
It is rare to see smaller "off the peg" trusts being
established. Now the trusts I see being established are carefully
tailored to the needs of high net worth families.
They often include reserved powers, involve advisors in multiple
jurisdictions and have to operate as part of the wider family
governance structure in conjunction with family offices and
family-run businesses. The regulatory landscape has also
dramatically changed and clients are keen to ensure their
structures are compliant.
