Tax  

Wealth planning needs of internationally mobile clients

  • Describe the growth trends among the high net worth community and their wealth planning needs.
  • List the tax implications for multi-jurisdictional individuals and what they need to know about fund accessibility.
  • Identify what impact regulation will have and the concerns and goals of the next generation of HNWIs.
CPD
Approx.30min

9) Playing the long game

Life is, we all hope, a long-term game and ensuring that wealth is preserved, grows and is available in years to come is essential.  

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This includes preserving access to historical, or creating new, relationships with investment managers who manage and invest (earned and inherited) wealth and asset portfolios. 

Advisers increasingly service clients across the wealth and age spectrum, comparing “when can I retire?” with “will I outlive my wealth?”.

The common factor is retirement security, complicated by life expectancy, healthcare costs and the fact advisers cannot see the future.

Advisers should not then focus on one or either, but both. Encouraging a balance of long and short-term financial goals and planning. 

While the tax, legal and political landscape continues to change, HNWIs will need to adapt to a world focusing more and more on transparency, compliance and anti-avoidance.

Lana Corrienne Mallon is senior wealth planner at Lombard International

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. What percentage of high net worth individuals have lived in three countries?

  2. What did the global number of HNWIs do in 2017?

  3. According to the author, it is worth noting that what will change the nature and delivery of advice and services to HNWIs?

  4. Is the following statement true or false? "Trusts are not recognised in France despite their wide use in the UK."

  5. Generations Y and Z want what type of advice, according to the author?

  6. HNWIs will need to adapt to a world focused increasingly on three things. Which one of the below is not one of the three?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe the growth trends among the high net worth community and their wealth planning needs.
  • List the tax implications for multi-jurisdictional individuals and what they need to know about fund accessibility.
  • Identify what impact regulation will have and the concerns and goals of the next generation of HNWIs.

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