25th January 2019
Gibraltar-based Fiduciary Wealth Management has become the first wealth management practice to join MGI Worldwide in the UK & Ireland Region, bringing a raft of new skills, expertise and opportunities for collaboration across the network.
The firm’s goal is to “positively shape the wealth of the expatriate community” by offering the kind of unbiased expert advice that delivers the desired outcomes within the exact context they seek. The firm's overarching aim is to support clients to manage, preserve and eventually transfer their wealth to the next generation.
What can Fiduciary Wealth Management bring to the MGI Worldwide network?
While a core focus of the business is the management of investment portfolios, the firm’s service offering is far wider and can, therefore, bring many benefits and advantages to assist members of the network in a number of areas, including:
Relocation and tax residency options, including the non-habitual regime in Portugal and Gibraltar residency. This also involves wealth planning to mitigate tax in the new country of residence.
UK Pension Transfers to QROPS as well as other retirement planning strategies such as QNUPS.
Individuals who are internationally mobile across the globe who require expatriate services such as financial, tax and investment planning.
Group Employee Benefits for newly established companies.
Family Office, including the provision of asset risk management services.
Managing Director Paul Anthony Correa says, “Our clients value our advice because it is objective, impartial and tailored to support their financial goals. We work closely with many professionals on cross border issues and resolve complex matters to help ensure clients obtain the best possible financial advice.”
Why did Fiduciary Wealth Management choose MGI Worldwide?
When partnering with international clients, the work undertaken by Fiduciary Wealth Management often requires the assistance of professionals in other jurisdictions. As a result, membership of the wider network of MGI Worldwide will be invaluable in supporting these efforts.
Director Andrew Hosking says, “The kudos and credibility that comes with membership of a global accounting network will help us drive new leads and opportunities for business collaboration, while also helping to support knowledge sharing and enabling Fiduciary Wealth Management to tap into the resources of the larger group.”
The firm is excited about the potential opportunities of working with their fellow MGI Worldwide colleagues and will be delighted to engage with those who feel they can be of assistance to them.
View Fiduciary Wealth's MGI Worldwide member profile page HERE
Gibraltar, also known as Gib or The Rock, is a small country that has great strategic importance because of its location on the narrow gap between Europe and Africa. Although it is a British territory, it has a separate legal jurisdiction from the UK and also enjoys a different tax system.
The Gibraltar economy is largely based on financial services, tourism and shipping. More recently, Gibraltar has attracted a large number of blue-chip gaming companies, to the extent that this industry is now an important part of the Gibraltar economy.
MGI UK & Ireland is part of MGI Worldwide, a top 20 ranked international accounting network with more 5,200 independent auditors, accountants and tax experts in over 260 locations around the world.