Corporate Vision November 2017

6 CORPORATE VISION / November 2017 , Westmoore Private Clients LLP are a boutique consultancy firm, specialised in international structuring andmanagement of assets and is the advisory armof WestmooreWealth, the wealthmanagement and fiduciary services group. Stein Johnson provides us with a breakdown of the company’s services, as well as outlining its overall mission. Wealth Management: An Ever-Changing Industry Westmoore often work with corporate structures who are established with a view to optimise taxes and provide an element of asset protection to the client and his or her family, and the company see now an increased interest in its citizenship services. The firm works with clients’ advisors in order to provide a tailormade solution for them and their family, assisting them in the management of their family office. The client base is international although at present the majority would be based in Europe. Since Westmoore Wealth is now also established in Hong Kong, it has seen an increased interest from Chinese families. Stein discusses the firm’s overall mission and what steps the team plans to take in order to achieve this. “Here at Westmoore, we aim to be a trusted partner of our clients. This requires regular contact with the clients. The responsible consultant will always be available for his or her clients. Our corporate portal gives the clients access to all corporate documents and enables an online discussion in a secure environment.” Essentially, what differentiate the firm from its competitors is that it is a small firm, able to provide that crucial personal attention, according to Stein. Marking itself out as the best possible option for clients, Stein alludes to the firm’s approach when tit is undertaking a new client or a new project, with the staff well trained and experienced enough to provide the best possible service. “The main advantage of working with a small firm, is that we work closely with our clients. Westmoore Wealth, which we are part of, is big enough to provide key services in-house and we remain truly independent as we are privately run and owned. “Fundamentally, the key is to understand the present situation of the potential client and what he or she tries to achieve, i.e. what problem they are trying to solve. Many clients would already have a tax advice which we would seek to implement in the best possible way, either by making use of the members of our Group or by working with third parties. “International structuring is, by nature, in constant need for revision and we meet regularly with our clients to make sure the structure is adapted to their current situation, as well as taking into account any new personal, regulatory or taxation developments.” Moreover, ensuring staff can provide only the best quality service to clients, Stein tells us how the company attracts the very best talent in the industry. Offering a different type of working environment to other companies, is something which helps to attract different types of staff. “Of course, we cannot compete with the large international companies but I believe we can offer a different type of work environment where the employee will face a large range of structures, clients and challenges. 1710CV02 “Additionally, it is a huge benefit to have our management centre in Switzerland as highly experienced, motivated, accurate and educated staff with financial background can be recruited directly. Since Switzerland is considered one of the best countries in the world to live in, staff currently located elsewhere can easily be persuaded to relocate to Switzerland.” Looking ahead, Stein predicts the future for the firm, telling us how the company are developing its office in Geneva, with Westmoore Wealth recently establishing its local presence as an important aspect of the company’s future, as it looks to continue to expand on its solid foundations. “Ultimately, we are developing our office in Geneva as we see Switzerland as one of the best locations for a multi- family office or a single-family office. A family office is not only established to manage our clients’ wealth, but is also there to safeguard and protect it. Switzerland’s accession to the Hague convention on Trusts