Isle Of Man Showcases Wealth Management Solutions in Geneva

by Carla Johnson, Investors Offshore.com, London

07 February 2008

Isle of Man Finance recently hosted a Conference in Geneva entitled “The Isle of Man – An Integrated Solution for Family Wealth Management”. The event was well-attended by over 80 advisers and specialists in private wealth management including legal and private client advisers.

The conference explored the benefits of the Isle of Man for family offices and their management, the wider role of Isle of Man advisers and structures available for wealth management, as well as asset holding and business management solutions.

Key points highlighted throughout the conference included the wide range of investment vehicles on offer – including the new fund regimes – private trust companies, the zero rate of corporate tax strategy, including the tax cap for High Net Worth (HNW) individuals, and the Island’s highly regarded super yacht and aircraft registers.

John Spellman, head and director of Isle of Man Finance, commented that:

“I was delighted with the attendance and quality of delegate at the event. This was a major opportunity for Government and industry professionals, working in tandem, to update Swiss advisers with details of the Island’s full wealth management service capabilities and latest innovations.

He continued: “Our [the Isle of Man’s] drive to break into new areas – including being the perfect location for HNW individuals – is happening at an increasing pace and we will continue to push forward throughout 2008, probably much to the envy of other jurisdictions."

“We can offer a range of services and advantages so much greater than our competitors therefore it is not surprising for us to hear that we are regularly being spoken about as the jurisdiction where you can do great business.”

The event took place at the Four Seasons Hotel des Bergues, in Geneva. The event followed the format of a similar successful conference held in London in November.

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