Tuesday, 16 December 2008

Lost wealth in the economic downturn? Need some help?

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Citywealth is a wealth and philanthropy media company set up in October 2005. Karen Jones, the founder and Editor has spent many years gathering information about private investment and asset management; managing substantial wealth including charitable and philanthropy monies and issues around this.

She understands that sometimes, even if you have lots of money, you may have worries that are difficult to share. She also understands that sometimes your advisers or managers may be dealing with situations which are beyond their capability, meaning you could need help choosing new professionals to work with. And often even though you have substantial wealth, working out how to begin in the private wealth industry is like trying to scale a fifty foot wall - the challenge is so immense, you just might not bother but if you have more than £5million/$10million it is wise to upgrade from retail. Your entrepreneurial skill makes money but investments (believe it or not at the moment!) are the way to increase your wealth - a commonly known fact among the mega wealthy. And if you are more wealthy then we hope you will become more philanthropic - we can help you have a good experience in this world too. (It isnt quite as easy as handing over some cash).

Times are very difficult and we are not perfect at Citywealth but we do have a substantial information base to share about private wealth and philanthropy and a large, global network of people to check back with to try to help out, which we will happily do so.

We are friendly; don't sell any investments ourselves or take any commissions from anyone. Our opportunity is to connect anyone who needs help with wealth professionals, usually with someone we think is suitable - and we do so with integrity and with personalities considered. We can also help manage that situation if you wish. Beauty parades sound fun, but are filled with jargon and schmoozing. We hope to be a comfort in a trying or unknown situation.

Whether you want to change a philanthropy consultant; have no idea why you need to know what your risk profile is; want to change your private bank; are worried sick by the turmoil; don't know what to do about a trust; want to ask us what the heck you are going to do about a wealth problem; need help picking an adviser or manager for a specific issue (we know what people specialise in); are considering calling someone you can see we are connected with - then we can give you our view for free (we are not regulated by any financial authority nor professional investment advisers or managers - we simply offer a view). We want to make your experience in the private wealth industry more pleasant and we hope more profitable or at least what you expect. It isn't easy to get information in the private wealth industry - it is closed door - simply because the world by its very nature is filled with niche and very private issues.

If you are having problems in the industry we can also help, just let us know and we will try and use our influence with financial authorities to make issues known.

Ultimately we have discovered that the wealth industry is vast and confusing and a gentle hand holding from us, helps you and the professionals in the industry work better. We dont dazzle with brochures filled with volumes of words or spin - its just us making suggestions based on what you say.

We may not be able to help, but if we can we will.

Our heartfelt sympathies go out to those in Palm Beach who have lost money in the Madoff fraud. We understand this is a very distressing time and it will affect your retirement experience and charitable works. If we can help by promoting any charitable works to our readers who are a host of global uhnw individuals and their wealth advisers and managers then please contact us below. In terms of recouping money in this instance, I suspect we will be of no help as it is a major fraud and perhaps one for the criminal courts.

Our speciality is dealing with individuals with more than £5million up to tens and hundreds of millions and billions. We also know about margin calls (when loans get called in and how to manage it); Switzerland, offshore markets, new US tax rules/regimes, family fights and divorce. We also know that you could be considered difficult to deal with and may not have many people who can talk to you in a way that you may need to change or move forward with change.

We can also help with connecting you with our audience of uhnw individuals and their advisors and managers via editorial articles if this helps you gain business. All articles can be quote checked and our editorial policy is collaborative and not designed to embarrass or annoy.

And everything you say to us is confidential unless we agree with you otherwise.

We do not help anyone who wishes to perpetuate any fraud or tax evasion. Tax avoidance is another matter entirely - ensuring you don't pay twice tax on the same investments because of international tax rules.

Karen Jones
kjones AT j-p-c.tv

Tel: 020 7495 1697 (London, UK)

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“WealthWise”:Courses helping the rich become wise about wealth

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“Some of our clients have inherited wealth, others created it. What they all have in common is the need for real insights into different aspects of private wealth ownership, from first principles upward.

Many also recognise that it is important to go beyond the obvious issues of understanding markets or assessing the balance between risk and reward.

WealthWise™ have devised courses that include sessions on how to maximise the usefulness of professionals, cutting through the jargon – and opportunities for delegates to explore their personal lifestyle objectives in one-to-one counselling with our course tutors. We tackle such issues as how to evaluate advisors and build effective relationships with them.


Another interesting observation is that as wealth owners become older, they progressively divert more and more money into charities, foundations and philanthropic projects – and less and less to the next generation.

Typically, the focus begins with the basics of funding children’s education, medical and housing needs and starting businesses. But beyond that, the donors of wealth want their children to serve real apprenticeships and to develop genuine life skills, without becoming de-motivated from having no necessity to achieve anything.

It therefore becomes important to assist each successive generation to understand the merits and uses of philanthropy in a family wealth context, and how it can bring the whole family together through a shared, worthwhile cause.

Even the youngest can benefit: for clients with a private family foundation, a valuable technique is to create a junior board. This deft touch enables the children to increase their participation and understanding of wealth’s responsibilities – and so value them more.

I believe WealthWise™ is an essential step towards becoming comfortable with wealth ownership. Our purpose is to ensure that the wealth belongs to the individual rather than he or she belonging to it.”

Key Wealth Care is the Jersey-based wealth management group specialising in private client and family office services.

For information
brian.clarke AT key-trust.com

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Friday, 12 December 2008

Citywealth Wealth Management awards - the Magic Circle Awards Event 2009

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Citywealth Magic Circle Awards 2009
Date for diaries: 14th May 2009
Millennium Hotel, Mayfair, London W1
Citywealth publishes Global VIP leaders list selection - release January 2009

Host to be confirmed is once again: Gyles Brandreth
British ballroom theme

For the past four years the Citywealth Magic Circle Awards has brought together the leading intermediaries and advisers in the UHNW space. This year’s awards, held in May 2008, were attended by nearly 350 of the key individuals from over 120 organisations representing the crème of the UHNW advisor group. They included the most influential trustees, lawyers, private bankers, family office executives and accountants who represent the world’s wealthy. The evening was a non stop opportunity for the top level of the wealth management industry to meet and network. 2009 promises the same.

The evening also marks the launch of The Citywealth Leaders List 2009 which will be focussing on those that have had a track record as being the best and most supportive advisers and best financial centres in difficult times. The focus is on those that will be best positioned for the upturn we all hope will come later in 2009. This is the message that clients have been telling us is important to them and the message that leading advisers wish to put across.

To add a bit of glamour, the Citywealth Magic Circle Awards also attracts a smattering of Rich List individuals there to raise awareness of the charitable causes that they support as well as to enjoy the evening’s entertainment. Each year we are delighted to support a major international charity and in May 2009, the charity will be the UN World Tourism Organisation’s foundation Sustainable Development for Eliminating Poverty. Ambassador Madame Young Shim Dho will be attending.

For further information on the Citywealth Magic Circle Awards, please contact: Joe Bell 01483 526445 jbell AT j-p-c.tv
For further information and nominations for the 2009 Leaders List, please contact: Karen Jones Tel: 020 7495 1697 kjones AT j-p-c.tv

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