Contact

News & Insights

BLACKTOWER CAYMAN LIMITED GRANTED FULL BROKER DEALER LICENCE BY CIMA

International investment and financial planning firm Blacktower Financial Management’s Cayman entity has announced that in addition to its Full Securities Investment Business Licence it has been granted a provisional Broker Dealer Licence by the Cayman Islands Monetary Authority (CIMA).

Cayman, September 2022

Blacktower Cayman Limited has today announced that the firm has been granted the upgraded permission of Broker Dealer by the CIMA. The firm has qualified for the upgrade after working with the Cayman Islands Monetary Authority to bring its systems and controls up to Broker Dealer qualifying standards.

The addition of this licensing permission, once fully implemented, will permit Blacktower Cayman Limited to offer a range of securities trading and dealing services which will accompany the execution-only trading and discretionary management services that the firm currently offers. It will also allow Blacktower Cayman to offer their clients a self-trade facility, and with it, a more bespoke investment experience.

Group Chairman, John Westwood, states that ‘this development is not only a tremendous step forward for Blacktower Cayman, but also for the rest of the Blacktower Group, as it is the strength of our constituent parts that has led to us being so well-established in the international wealth management and financial planning landscape. The Broker Dealer licence positions us to compete fully within the Caribbean and international wealth management industry and presents the opportunity to provide our clients with a truly personalised and bespoke service’.

Group Managing Director, Gavin Pluck, adds that ‘it is the combination of Blacktower’s comprehensive range of services and years of experience in the industry that makes us such an appealing choice for those seeking wealth management services. The addition of this licence will not only allow for that service offering to be extended, but also showcases our reputable and well-established standing in the industry.’

Other News

FCA Publishes Retirement Transfer Data

There are few, if any, financial decisions as important as deciding what to do with your pension. Nowadays there are so many choices, but the factors that influence the path you choose are complex and should only ever be undertaken in full knowledge of the various options available as well as their many implications.

For example, significant numbers of UK citizens abroad are likely to benefit from an expat retirement transfer, but converting a defined benefit (DB) scheme into a QROPS or SIPP should never be undertaken without reliable and impartial advice that takes full account of the retirement saver’s circumstances.

Unfortunately, it can be difficult to find an expat financial adviser who understands all the regulatory and cross-border wealth planning issues at stake.

Read More

Buying Property in The Netherlands

Buying a house anywhere is a complicated and demanding process; choosing a location, property type and style are just some of the many things that need to be considered when purchasing a house or flat. This difficulty can be exacerbated when buying a property abroad – the combination of restricted access to the location and […]

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information:

You are currently viewing the Blacktower Financial Management EU website.

You may be looking for the Blacktower United States website.

Blacktower United States > X Stay on this site

Or choose your country.