While the industry has seen much change over the 35 plus years that John has been involved, he says that Blacktower’s insistence on and adherence to a strict set of guidelines and adoption of the highest levels of transparency has helped raise standards amongst international financial advisers across markets.
John says the most significant change he has experienced during his career as part of a global wealth management firm was in 2008 when the financial collapse brought about unprecedented business challenges. The meltdown required Blacktower’s expert management of client expectations as markets and product providers failed, whilst, as Managing Director, he had to simultaneously ensure that the business remained buoyant and secure.
Kirsten Hastings, editor of International Adviser, said that the publication decided to “shine a light” on the movers and shakers who have helped quicken the pace of change in the financial services industry by forging ahead with innovation or leading by example.
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Italy has introduced a new ‘non-dom’ tax incentive which may see many wealthy British expats relocating to its shores, as well as convincing rich Italian expats to return. The new measure was approved by the Italian parliament in December as part of Italy’s Finance Bill 2017.
The value of defined benefit pension scheme transfers in 2018 was an all time-high of £24 billion.