I wanted to update and reassure you that in this time of global crisis, The Blacktower Financial Management Group of Companies and our Nexus Global Network are still very much on hand to assist. We have robust Business Continuity Plans that were rolled out early last week, implementing a robust staffing plan with employees working from home, in conjunction with a limited number of staff being in our offices where appropriate. In line with government advice, client visits to our offices are no longer taking place, so we ask you to use our online services or our telephone service. In a people-focused business these measures have not been imposed lightly, however protecting both your and our own welfare must come first.
As I’m sure you’re aware, the knock on effects to financial markets have been severe. We want to make sure we are able to support our clients in any way we can to help manage your financial arrangements and ensure as far as is possible the smooth functioning of all transactions.
In line with Governmental travel advice, we have implemented strict policies around travel to and from affected areas, as well as enforcing self-isolation guidance. All of our global offices are adhering to local requirements in their region, whilst also supporting the global network of our Group.
Our priority is to continue to deliver our services without interruption and so do not expect any impact to the high level quality of service you are used to receiving from us.
Should you have any queries please do not hesitate to contact your usual Financial Adviser in the first instance.
I would like to thank you all for your continued support and understanding during this difficult period for everyone.
Your Sincerely
John Westwood
Group Managing Director
Blacktower Financial Management Group of Companies.
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.
The later part of the 20th century saw its fair share of financial bubbles. There was the property bubble, stock market bubbles, and then the dot com bubble of 2000, just to name a few. In each instance, people paid exorbitant amounts for things that shouldn’t have been worth anything like the going price. But this is nothing new – look back at the Dutch in the 17th century when already pricey tulip bulbs experienced a twentyfold price explosion in just a single month.
To help tax authorities in various countries hunt out those individuals and companies trying to hide assets, the UK has recently signed a disclosure of asset agreement with Spain, Germany, France and Italy. What does this mean? It means that the UK, in partnership with France, Germany, Spain and Italy, have passed regulations that will lead to the automatic sharing of information about the true owners of companies, complex shell companies and overseas trusts.