News & Insights


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.’

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Expat Healthcare in Spain

Medical tools and equipmentNow that the UK has left the European Union, healthcare for expats in Spain (or any other EU country for that matter) remains a question for many. We’re taking a closer look at the situation, to help you understand what might change and how this could affect your expat finances, and your general wealth management in Spain.

Receiving expert financial advice in Spain should be a priority for anyone currently living as an expat in Spain, especially for anyone expecting to need healthcare in Spain, and also for those who plan to make the move now that Brexit has occured.

Read More

Women experience large shortfall in pension contributions

Women looking at a computerA new study has highlighted the issue of the gap between women’s pension pots and those of men. The size of the difference? According to the research, by the end of her working life the average woman could potentially end up £47,000 worse off than men in terms of what’s in their pension pot.

The study, carried out by Zurich, looked at 250,000 pension plans, making it one of the largest studies of workplace savings. It looked at pension plans broken down by age, gender, and the contribution rate of employers and employees.

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.