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New “Family Offices Bank” Launches in Jersey to Serve Global UHNW Clients
Time 2025-08-19 01:50:02A new challenger bank, Family Offices Bank, has launched in Jersey with ambitions to manage USD 10 billion in assets by 2030. Founded by banking veterans Paul Pester, Anthony Thomson, and Stuart Grimshaw, Family Offices Bank (FOB) officially launched... [More]
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UBS Wealth Unit Attracts USD 55 Billion Despite Global Market Volatility
Time 2025-08-19 01:49:15UBS reported USD 55 billion in net new money in the first half of 2025, as its wealth management division strengthened across Asia and Europe. UBS announced that its global wealth management unit attracted USD 55 billion in the first six months of 20... [More]
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Spain’s Wealth Tax Brings in Billions Without Driving Billionaires Away
Time 2025-08-19 01:48:23Spain collected over EUR 2 billion from its Solidarity Wealth Tax in 2024, but the number of billionaires in the country continues to rise. Spain’s Solidarity Wealth Tax, introduced in 2022, applies to net assets above EUR 3 million, with rates up... [More]
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UK Tax Reforms Trigger Wealth Exodus as HNWIs Relocate to UAE and Italy
Time 2025-08-19 01:47:30Britain’s latest tax overhaul has fueled a record outflow of wealthy residents, with many choosing the UAE, Italy, and Switzerland as alternative hubs. The UK government’s recent reforms — including bringing pensions into inheritance tax, raisi... [More]
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Hong Kong Launches New Wealth Management Connect 2.0 Scheme
Time 2025-08-19 01:45:39Hong Kong has unveiled Wealth Management Connect 2.0, expanding cross-border investment opportunities between Hong Kong, Macau, and mainland China. The Hong Kong Monetary Authority (HKMA) and mainland regulators have upgraded the Wealth Management Co... [More]
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Portugal Tightens Golden Visa Program as Demand Surges
Time 2025-08-19 01:44:51Portugal has revised its golden visa program, reducing real estate options while emphasizing business and innovation investments. The Portuguese government announced new restrictions on its golden visa scheme, removing most real estate investment pat... [More]
