Glenn Murphy’s Post

☎Calling all financial advisors and intermediaries☎ Next Thursday I’m delighted to chair a discussion, jointly held with the The Chartered Institute for Securities & Investment (The CISI) and Vanguard, on the best approach to formally appointing financial advisors.  Joining the discussion will be Warwick Bloore, Senior Specialist for Vanguard’s Financial Advisor Services, in which we will carry out a deep dive into the advice value chain and also discuss how it can go beyond the focus on maximising investment returns. Open to all, so feel free to register here 👉 👉 👉 https://lnkd.in/e5i_VPAY  Join us and feel free to raise lots of questions on the day! #CISI #WealthManagement #financialplanning #financialservices #financialadvice #financialadvisor #taxplanning #moneymatters #investing #legacyplanning #inheritancetax #personaltax #CISITV

The UK exodus of millionaires is expected to hit 9500 in 2024, that’s double the number from 2023 according to Henley & Partners - The Firm of Global Citizens® annual Private Wealth Migration Report.  We know the reasons for the trend, and it's highly likely to continue! Whilst there is already a strong awareness of the astonishing growth in family offices in Singapore, Hong Kong, Dubai and Abu Dhabi to cater for the needs of the UHNWI’s, I was delighted yesterday to see that the Caribbean, remains a compelling choice for UHNWs, Family Offices and MFOs. Kudos to WealthBriefing and The Bahamas Financial Services Board for organising such a timely thought leadership event, bringing together and demonstrating the joined up approach that The Bahamas offers to private investment, regulatory positioning and policy creation.  Especially through the contributions on the day of many key decision makers, such as LaTonia Symonette-Tinker, CAMS - Chair, BFSB, Senator the Hon. Michael Halkitis, CFA, CAMS, Minister of Economic Affairs , Senator the Hon. Ryan Pinder - Attorney , General and Minister of Legal Affairs, Brandace Duncanson - Director of  Financial Services, Ministry of Economic Affairs , Christina R. Rolle - Executive Director, Securities Commission of The Bahamas, John Rolle - Governor, Central Bank of The Bahamas, Niekia Horton - CEO & Executive Officer, The Bahamas Financial Services Board and many many more excellent contributions. In a further discussion I had directly with John Rolle, Governor, Central Bank of The Bahamas it was clear that The Bahamas remains a key destination for fiduciary services, estate and trust administration and servicing, with legal frameworks regularly reviewed, a developing investment into innovation and also digital asset frameworks (incl. a CBDC).  The Bahamas continues to proactively engage in global and UN related initiatives, especially representations on climate change and also supporting the voice of the Global South.  Most importantly of all, investment in its people to strengthen the level of local expertise and ensure continuity of service. For the tangible requirements of wealth and asset managers, MFOs, family offices and UHNWIs, The Bahamas offers continued stability, demonstrable international institutional presence to enhance its reputational position and leveraged expertise, a strong home-grown talent base that is supported and invested in and proactive legislation based on a close working relationship between business, regulators and policy makers.  The strategic location to the US, LATAM and the UK continues to make The Bahamas a compelling choice. If any of my network would like further information on establishing a base in the Caribbean, feel free to reach out directly - I’d be delighted to discuss your growth plans and/or refer you to a trusted relationship. #privatewealthmigration #WealthManagement #PrivateWealth #AssetManagement #FamilyOffices #HNWI #UHNWI #Bahamas

The US market outlook will be a key talking point next week at DWS Groups London office.  I’m delighted to be chairing a discussion on the concentration risks associated with North American equity indices, not least at a time when the S&P500 is at an all time high🤞  Industry experts Dirk Schlueter and Lukas Ahnert, CFA will undertake a deep dive into the US equity dominance and focus on the Mega7 tech stock risks associated - perspicaciously bringing the discussion to life. Join us at Deutsche Bank's offices in Moorfields on Wednesday morning next week for what is set to be a timely and insightful discussion hosted jointly by the The Chartered Institute for Securities & Investment (The CISI) and DWS Group.  I’m looking forward to the informative insight, hearty breakfast, coffee and peer networking!  To register, and for all the details, simply click here 👉 👉 👉 https://lnkd.in/e8rXY5_d Looking forward to seeing you there! #WealthManagement #AssetManagement #InvestmentStrategies #InvestmentManagement #CISI

👏 Congratulations to all the winners at last nights Private Banking & Wealth Management Event Series Awards 2024!  Delighted to see so many industry chums make it through a long days conference to celebrate at the awards last night. A special shout out to the winners at FA Solutions, SG Kleinwort Hambros, and MASECO Private Wealth on their award wins - Great to see familiar faces taking home the prize! As ever a delight to see again Peter Dingomal Christine Ciriani Anastasya B.  Ian Woodhouse Joey Cozens-Smith Steve Dyson Rupert Gorman Tcha Willson Alastair Baillie Christophe Desplace Alessandro Tonchia and so many others for such an enjoyable evening and well organised event.  I’m looking forward to the 2025 awards already! Well done again all. 🎉 #privatebanking #privatebanker #wealthmanagement #privatebankingawards Arena International Events Group

Pension LTA News - Pensions Lifetime Allowance - Is the axe finally accepted and abolished for good? Strangely, only in the quietest corners of the news today is that the Labour Party have confirmed they will not reintroduce the Pensions Lifetime Allowance, they previously stated they would.  It's a shame it hasn’t received wider coverage for the benefit of those undertaking retirement planning.  The confirmation of acceptance of the abolition of the LTA, if it makes it into the manifesto (!) will undoubtedly delight both wealth planners, wealth managers, soon to be retirees and those in the public sector, such as doctors, that will be significantly hit by its re-introduction. I was surprised that this change, which has put many retirees on edge for the last year or so, was not more widely picked up by industry news outlets - It is very welcome news so happy to share for wider awareness.  Further details can be found here: https://lnkd.in/eBekSW-r Whilst we will all have to wait for The Labour Party manifesto to confirm this (expected Thursday), it is still welcome that there doesn’t seem to be a desire to simply reintroduce the LTA with a higher threshold or some other variation, which helps to minimise the excessive number of rules on retirees and pensions today.  Hopefully no more tinkering to come with additional pension rules from any party! #wealthmanagement #wealthplanning #familyoffices #financialservices

Following a very successful event on the art of fund manager selection with Vanguard, I’m delighted to be chairing the next event hosted by the The Chartered Institute for Securities & Investment (The CISI) and Vanguard on the complexities of Portfolio Construction. Please join Matthew Argent, Felicity Main and I as we deep dive into the principles that define a good portfolio, with consideration into the latest strategic asset allocations utilising fixed income and discuss tactical asset allocation opportunities. The event is open to all, so feel free to register here ➡ ➡ ➡ :  https://lnkd.in/eUZwr8bJ 💡 For those that missed the last event on fund manager selection, it can be seen again on CISI TV simply by clicking here: https://lnkd.in/ebG2CWS8 💡 Looking forward to you joining and asking lots of questions on the day! #CISI #WealthManagement #AssetManagement #InvestmentStrategies #InvestmentManagement #familyoffice #Wealth #PortfolioManagement #CISITV