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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Clients of expat financial services providers are using the nose-diving pound as an opportunity to invest in the UK buy-to-let property market, with lenders reporting an 80% increase in mortgage applications from British expats looking to make secure future financial provision.
Expat financial planning clients should be aware that HM Revenue & Customs have increased powers to ensure full disclosure of financial information in order to assess tax liability.