London is well known for its credentials and international recognition in wealth management.
It is believed the offshore centres will gradually become satellites of London as more countries have increasingly agreed to share financial information between them. As often quoted in the financial press, London will be able to maintain its current dominance in the wealth management sector also in the foreseen future alongside Switzerland and Singapore.
Trusts are only an example of legal arrangement in which an asset (e.g. property) is managed by one person or entity for the benefit of another.
The banking sector in UK is a very competitive one with a variety of offers for private and business accounts often available also in foreign currencies. Opening an account requires meeting legal identification requirements in order to succeed with the application. Moreover navigate through the opportunities and choose the right product could be time consuming without a local knowledge of the market.
According to the UK regulatory position and common practise the financial matters of private and corporate clients are looked after by professionals called financial consultants or financial advisers. They are not tied to a single bank, insurer or investment company, and thus are able to recommend suitable products to their clients from the whole of the market.
Slow economic recovery in Europe and US combined with prolong period of low interest rates and soaring living costs highlighted the main concern of investors – inflation. It erodes the value of most financial assets and more importantly cash that investors from emerging countries may hold in funds. The best advice to them would be to diversify their portfolios. At Vestigio we believe that wealth protection and long term saving for retirement are main priorities for those who wish to maintain the desired lifestyle and provide financial support for their families.
Vestigio Services is an independent company that provides a premium service in the area of properties, investments, visas, education, and travel to customers in the United Kingdom with a particular focus on Russian speakers.