News & Insights

Blacktower Ready to Respond to New Challenges

Passporting Concerns

The Financial Conduct Authority recently stated that it was working with the government and the Bank of England to try to achieve a solution that would allow UK-interested wealth management and cross-border financial advice clients to “continue to be able to access global market infrastructures established in the UK after Brexit”.

Part of this strategy is allowing a temporary passporting arrangement for EU firms to carry on regulated business in the UK even in the advent of a no-deal Brexit. Similarly, it hopes to achieve a situation in which UK-based wealth management firms can be passported to work in EU jurisdictions in the event of a no-deal scenario.

Blacktower, Established and Innovative

The Blacktower Group began life in 1986 and since then has been providing world-class independent wealth management advice and bespoke financial services to its clients.

Over the course of this time we have established our reputation while continuing to innovate. For example, around two decades ago, Blacktower began its offshore expansion when it opened its first office in the Algarve, Portugal.

In 2003, Blacktower Financial Management (International) Ltd (BFMI) was formed and incorporated in Gibraltar. Since then we have continued to expand our international operation across the EU and the world, including our Caribbean Office in Grand Cayman and offices serving America.

We have our ears to the ground and our fingers on the pulse, while always keeping an eye on the future. We remain committed to staying abreast of and responding to every regulatory change and challenge that comes the way of us as a firm and our clients, including those relating to Brexit.

With our knowledge and expertise we can save you time, money and bring you peace of mind as the UK and the EU enters a new chapter.

Other News

New to France? Here’s what you need to know

Whilst France is one of the most popular destinations for expats to move and settle in, it is also notoriously difficult to navigate in terms of tax efficiency and financial planning. To avoid large tax liabilities, it is a good idea to consider your options beforehand; consulting a financial adviser with the relevant local knowledge […]

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Spain support reciprocal agreement for expats

Spanish flagThe Spanish government has supported the idea of a reciprocal deal with Britain over expats during Brexit negotiations.

It has said that, in principle, it would support an agreement allowing British expats in Spain to retain all existing benefits, including access to healthcare and pensions (which has been a particular concern among the elderly expat population residing in the Costas).

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