Private Wealth Management In A Covid-19 World

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Steven de Jersey, a director of Dixcart Trust Corporation Limited, the Dixcart office in Guernsey, answers some key questions regarding wealth management:

Why are more people needing to consult a professional who can help them with their wealth management?
There is an ever-increasing number of individuals creating wealth. This wealth is not just generated through the traditional routes of property, businesses and investment, but also through new technologies such as e-commerce and e-gaming, as well as higher incomes being generated through sport and entertainment. Much of this newer wealth is being created at a greater pace and a younger age than previously.

Clients and their families are increasingly mobile with family members widely finland mobile database spread across multiple jurisdictions. They require professional guidance in the structuring and planning of their affairs to ensure compliance with all the differing jurisdictional requirements, while still meeting their overall goals and objectives. A qualified professional adviser will offer advice and guidance together with suggested solutions that the client may not even be aware of, as well as provide the comfort of having someone with the relevant knowledge and experience dealing with such technical matters.
In today’s world of obligations pertaining to multiple tax treaties, exchange of information and substance requirements and the varying regulation and legislation from jurisdiction to jurisdiction, failure to comply can have substantial consequences.