The world of trusts, foundations and rules in IFCs are changing constantly. A country where new regulations are coming out, not always under much publicity, is Switzerland. Conversation with Stonehage Fleming.
“Simplifying your wealth structure is primarily about consolidation” says South African Director
In a global regulatory environment that is increasing in intensity and demand, the days of overly complex wealth structures are numbered, according to Stonehage Fleming in South Africa. The international multi-family office urges wealthy South African residents faced with growing financial scrutiny to modernise their existing wealth structures to remove unnecessary complexity, while still meeting individual or family’s needs.
Women in WM: ‘confront difficult situations’, says Geneva head
Ahead of International Women’s Day, Citywire Switzerland has spoken to the women leading wealth management firms across the country to find out what inspired them to pursue their career, how they reached their current position and the lessons they have learned along the way.
Investors have various opportunities to gain access to global opportunities, but picking the most appropriate investment will ultimately determine returns. Passive offshore funds are one option but Bryan Hatty, chief investment officer at Stonehage Fleming Investment Management in SA, says these investments are not as simple as they seem.
Global equities are recovering from their poorest annual performance since the 2008-2009 financial crisis. Bryn Hatty, chief investment officer at Stonehage Fleming Investment Management in SA, says opportunities have also emerged in the unlisted, private capital space for investors who are prepared to commit capital for 10 years or longer.
The greatest challenge such migration presents is keeping a family united, says Ari Tatos, managing partner of Stonehage Fleming. "When you have people growing up in different places and being exposed to different life experiences, a family has to work a lot harder to keep moving in the same direction," he says.
The valuation discount of emerging markets to developed markets, at around 30%, is comparable to the financial crisis, and presents opportunities for skilful managers to benefit from a brighter outlook for 2019. Investors have reacted to a slowing Chinese economy in 2018.
Stonehage Fleming appoints new Director in Wealth Planning team
Stonehage Fleming, one of the world’s leading independently owned family offices, announces the appointment of Kate Boswell as Director in the Wealth Planning team. With over 10 years of advisory experience, Kate joins Stonehage Fleming from Handelsbanken Wealth Management, where she was a Client Director and Head of Private Office – North. In this role, she was responsible for providing integrated investment, financial and tax planning services to the firm’s wealthiest and most complex clients.
3 Important Ways To Foster A Successful Future For Your Business
For any successful business, safeguarding its future through careful succession planning should be an important focus. This applies whether you’re running a large listed business, a family owned business, or a small to medium sized unlisted business. There are interesting parallels to heading a successful family and preserving long term family wealth.