Month: August 2018

The head of the private client department at Taylor Wessing, Nick Warr notes a ‘global fear’ among his clients, resulting from geopolitical and economic events. As a result, many are bent more on wealth preservation than generation. ‘They can’t really see where the opportunity is now, without taking excessive risk,’ he says. ‘To make real money involves ratcheting up the risk scale.

‘Take advice regularly from professionals and not on the golf course or at the marina,’ says the straight-talking Camilla Wallace, head of the private client group at Wedlake Bell, where she specialises in both offshore and onshore trust structuring.

One of the few private client lawyers who can advise on Italian as well as UK issues –and bilingually as well – Puoti is known as the go-to lawyer for HNWs with southern European interests.

There is a disconnect between jurisdictions when it comes to interpreting the CRS rules, and this has thrown up ‘unhelpful anomalies’ in the tax world, says Liz Palmer.

‘Increasingly, the answer to a client’s question is not written in a textbook,’ says Filippo Noseda, a partner in the Mishcon Private team. ‘More than ever, families need strategic advice – for example, European families faced with the fallout of Brexit, or Middle Eastern families faced with systematic instability in their region.’