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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It may have been close run thing but the UK has voted to end its membership of the European Union and now is an appropriate time for all concerned to consider the implications.
Brexit has led to many unintended consequences surrounding financial services for UK expats living abroad. The main one being that most UK financial advisers will not now be able to advise or manage their clients UK financial products such as pensions and investments whilst their clients are living in the EU. Now the latest hurdle UK financial advisers are facing is Professional Indemnity Insurance (PII) which will not extend to UK expats resident in the EU.