Philip Marcovici

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    Wealth managers shouldn’t avoid markets with complex regulations

Wealth managers shouldn’t avoid markets with complex regulations

Business centre exterior, by quinntheislander, under a CC0 licence
For many private banks, increased complexity and compliance has encouraged exits from some markets. The US is a good example. A number of private banks no longer provide services to Americans because of the aggressive enforcement of US tax, securities and other laws by the authorities — in part as a reaction […]

Can current offshore wealth management centres survive?

HDR – Panama City, Panama, by Matthew Straubmuller, under a CC-BY-2.0 licence
Will all existing financial and wealth management centres survive? Are tax-free secrecy havens (the “offshore world”) a feature of the past? Is there room for entry of new locations looking to establish themselves or to diversify into offerings that have brought past success to their competitors? Or is being […]