Towerstone Partners. Table of contents

Transcription

1 Towerstone Partners Table of contents Targets Expats With New Offshore Platform wealthbriefing.com, 02 Feb 2015,, Journalist: Not Credited targets expats with offshore platform portfolio-adviser.com, 30 Jan 2015,, Journalist: Not Credited launches offshore platform to target ex-pats citywire.co.uk/new-model-adviser, 29 Jan 2015,, Journalist: Not Credited targets expats with offshore platform international-adviser.com, 28 Jan 2015,, Journalist: Not Credited

2 Source: wealthbriefing.com Date: Monday 2, February 2015 Targets Expats With New Offshore Platform Targets Expats With New Offshore Platform UK-based [tag ][/tag] has launched an offshore platform for investment advisors and their clients in this market. The wrap platform, called Global, will go live in the second quarter of this year. It will offer expats access to a diverse range of offshore funds, exchange traded funds, structured products, direct equities and a cost-effective spectrum of offshore bonds, the firm said. Global seeks to allow international advisors and trustees greater transparency to monitor investment performance and build model portfolios. The platform will be regulated by the Financial Conduct Authority and led by Bill Vasilieff, 's current chief executive. "The offshore market presents a huge opportunity to provide new transparent solutions in a market previously dominated by outdated and opaque systems. We are seeing the impact of the Retail Distribution Review in the UK market and we believe a similar transition is also taking place in the offshore market with a move by jurisdictions towards transparency," said Vasilieff. Article Page 1 of ROYBED - A Page 1 of 6

3 Source: portfolio-adviser.com Date: Friday 30, January 2015 targets expats with offshore platform targets expats with offshore platform. Comments (0) Print UK platform provider has revealed ambitious plans to launch an offshore version aimed at key expatriate markets in the second quarter of this year. Financial already has around 3.2bn in assets on its UK platform and is one of the established players in the country s sophisticated post-rdr financial adviser market. Its chief executive and one of s founders is Bill Vasilieff and the chairman is former IBM UK chairman Sir Anthony Cleaver. The offshore platform will be offered through a new venture called Global, 23% of which will be owned by Financial and the rest by investors including board members Vasilieff and non-executive director Andrew Staley, who is chairman of Marlborough Fund Managers. Speaking to International Adviser, Vasilieff, who will also be chief executive of Global, said its initial market cap will be 6.5m and that he had been personally looking at the offshore market for over two years. We formed the business about three months ago and a project team is working on it already with plans to go live in May or June. There is no platform in the offshore market similar to what we are launching - the type of platform that has taken over the UK market in about 12 years that includes open architecture and the use of technology straight through processing. Based in Bath, where the main business is, an application is underway for Financial Conduct Authority authorisation, with the money being held in Jersey using custodian BNP Paribas. The offering is aimed at expats from any country in the world, so not just UK people based overseas. Vasilieff said a key reason for the launch is that the UK is seen as a very trusted place to be, known for its investment expertise, and it s politically safe so it is a very big attraction for those living in less stable environments. Another important consideration was that the markets around the world are going to follow the UK in terms of RDR-type regulation and transparency. A lot the offshore markets are very much where the UK was 15 or 20 years ago. Article Page 1 of ANTCRO - A Page 2 of 6

4 Source: portfolio-adviser.com Date: Friday 30, January 2015 Initial target markets are Europe, Gibraltar, Switzerland and Dubai, and as soon as possible thereafter Hong Kong and Singapore. Other potential places further down the line will be the Caribean, Russia and South Africa. Distribution will focus on offshore IFAs, trust companies and private banks. The main difference with the offshore version will be the multi-currencies available, starting with sterling, euros, and dollars, facilitated through the technology of software provider GBST Wealth Management. There will also be a white-labelled offshore bond, set up through RL360, and a similar arrangement with a QROPS provider which is currently being finalised. The Global board will also have finance director Paul Parry, operations director Shaun Allwright, non-executive chairman John Beaumont, and non-executive director Donald Mackinnon, an investor. Comments (0) Print TAGS: expats,, offshore, UK Article Page 2 of ANTCRO - A Page 3 of 6

5 Source: citywire.co.uk/new-model-adviser Date: Thursday 29, January 2015 launches offshore platform to target ex-pats launches offshore platform to target ex-pats. Wrap platform is set to launch an offshore platform to target the ex-pat market. Financial, the UK wrap s parent company has a 23% stake in the new platform called Global. The platform will launch with around 40 offshore funds, the majority of which are based in Luxembourg and Dublin, structured products, direct equities, exchange traded funds and an offshore bond from RL360. It will be powered by technology provider GBST and be regulated by the Financial Conduct Authority. intends to target international advisers and UK advisers with offshore clients, alongside private banks and trust companies. Although the charging structure has not been announced, said it expects it will be the same as the UK wrap but with a slightly higher administration charge. Bill Vasilieff (pictured), chief executive of, will also be chief executive of Global. He said the platform aimed to have 460 million of assets under administration by the end of 'We are targeting ex-pats from all over the world. There is a massive amount of money in that sector. 'The ex-pat market we are targeting largely get sold offshore bonds. At the moment they are very high-charging, high-commission paying and very opaque, so a lot of them provide very poor value. 'We do not think there are any competitors out there with the same technological backing and experience we have. There is not really a major player out there yet.' Article Page 1 of DANOKA - A Page 4 of 6

6 Source: international-adviser.com Date: Wednesday 28, January 2015 targets expats with offshore platform targets expats with offshore platform. UK platform provider has revealed ambitious plans to launch an offshore version aimed at key expatriate markets in the second quarter of this year. Financial already has around 3.2bn in assets on its UK platform and is one of the established players in the country s sophisticated post-rdr financial adviser market. Its chief executive and one of s founders is Bill Vasilieff and the chairman is former IBM UK chairman Sir Anthony Cleaver. The offshore platform will be offered through a new venture called Global, 23% of which will be owned by Financial and the rest by investors including board members Bill Vasilieff and non-executive director Andrew Staley, who is chairman of Marlborough Fund Managers. Speaking to International Adviser, Vasilieff, who will also be chief executive of Global, said its initial market cap will be 6.5m and that he had been personally looking at the offshore market for over two years. We formed the business about three months ago and a project team is working on it already with plans to go live in May or June. There is no platform in the offshore market similar to what we are launching - the type of platform that has taken over the UK market in about 12 years that includes open architecture and the use of technology straight through processing. Based in Bath, where the main business is, an application is underway for Financial Conduct Authority authorisation, with the money being held in Jersey using custodian BNP Paribas. The offering is aimed at expats from any country in the world, so not just UK people based overseas. Vasilieff said a key reason for the launch is that the UK is seen as a very trusted place to be, known for its investment expertise, and it s politically safe so it is a very big attraction for those living in less stable environments. Another important consideration was that the markets around the world are going to follow the UK in terms of RDR-type regulation and transparency. A lot the offshore markets are very much where the UK was 15 or 20 years ago. Initial target markets are Europe, Gibraltar, Switzerland and Dubai, and as soon as possible thereafter Hong Kong and Singapore. Other potential places further down Article Page 1 of DELDES - A Page 5 of 6

7 Source: international-adviser.com Date: Wednesday 28, January 2015 the line will be the Caribean, Russia and South Africa. Distribution will focus on offshore IFAs, trust companies and private banks. The main difference with the offshore version will be the multi-currencies available, starting with sterling, euros, and dollars, facilitated through the technology of software provider GBST Wealth Management. There will also be a white-labelled offshore bond, set up through RL360, and a similar arrangement with a QROPS provider which is currently being finalised. The Global board will also have finance director Paul Parry, operations director Shaun Allwright, non-executive chairman John Beaumont, and non-executive director Donald Mackinnon, an investor. Article Page 2 of DELDES - A Page 6 of 6