The Family. Hotel du Rhône Geneva. The fifth annual private meeting for professional intermediaries and trusted advisors to private and family clients

Transcription

1 The Family Wealth Management Conference 1 st & 2 nd February, 2007 Hotel du Rhône Geneva The fifth annual private meeting for professional intermediaries and trusted advisors to private and family clients Organised by CAMPDEN CONFERENCES

2 The fifth annual private meeting for professional intermediaries and trusted advisors to private and family clients THE 5 TH FAMILY WEALTH MANAGEMENT CONFERENCE Since its launch in 2002, The Family Wealth Management Conference has established itself as an exclusive forum for leading professional intermediaries to meet and discuss some of the key considerations when advising high-net-worth private clients. In 2007, The Family Wealth Management Conference will continue to build upon this reputation. We have invited expert speakers, both intermediaries and their clients, to draw on real life examples and illustrate their points using case studies. This approach means that attendees access direct insights and learn from the experiences of others. This in turn maximises the conference take-home benefits for delegates, their offices or practices, and their clients. THE PROGRAMME This year the conference starts with an examination of the evolving role of the close advisor. A top lawyer with over 30 years experience advising high-net-worth families and individuals will analyse and discuss the future strategic direction for intermediaries: whether advisors are offering the best service model for meeting the needs of private clients. Other key themes and issues addressed at this year s meeting include: Trusts a review of recent global developments and their implications for families of wealth, including new legislation on the tax treatment of UK trusts and an update on the progress made by Switzerland to ratify the Hague Convention on the recognition of trusts alternative structures to trusts examining some specific alternatives and their applications Representing the international family what challenges does the close advisor face in advising families with complex international interests case studies illustrating real life examples The view from the inside: what the client wants a single family office, family foundation and multi family office offer their view on what they look for in an advisor Cross border tax and investment update experts will cover some key considerations governing tax and investment regulations when structuring client interests in the USA and Europe an update on divorce law what has been the impact of some prominent recent cases in this area? What strategies and planning should be put in place to negotiate this minefield? BY INVITATION ONLY PRIVACY AND EXCLUSIVITY As is customary, to maintain the privacy and exclusivity of the meeting, registration forms are sent on an invitation only basis. Attendance is restricted to independent professional intermediaries: lawyers; accountants; independent trustees; family office executives; business and foundation executives; and independent asset managers. The only attendees from outside these groups will be limited representation from each sponsoring company, from our professional partners and some speakers. The conference is neither publicly marketed nor reported afterwards and the press is not admitted. This formula has received wide acceptance from our delegates since we launched our series of private meetings in THE VENUE This year s conference will again be held at the Mandarin Oriental, Hotel du Rhône, on the banks of Lake Geneva in Switzerland. To book your accommodation, please contact the hotel directly by calling and ask for the Campden Delegate Room Rate. THE ORGANISERS The 2007 Family Wealth Management Conference is organised by Campden Publishing Ltd, an independent media provider founded in Our sole focus is the provision of information, and we do not give or sell advice, nor seek or accept fees or commissions relating to professional or financial matters. Our publications include the magazine Families in Business and an acclaimed series of private meetings for families in Europe, Asia, the Middle East and North America which include The Families in Business Conference and The Family Investment Workshop. For further information about the meeting, or to register, please contact us on +44 (0) or us at conferences@campden.com

3 CHAIRMAN: RICHARD MOYSE is a senior partner at Boodle Hatfield. He specialises in UK and international capital tax planning for individuals, trustees and businesses. Succession, asset protection and heritage property are all part of his practice area. PROFILE OF SPEAKERS: JANE ASHLEY is chair of trustees at the Laura Ashley Foundation and one of Laura Ashley s daughters. Jane Ashley worked for Laura Ashley Plc for 12 years (from 1972 to 1984) creating their image through her photographs and contributing to design and art direction. Ms Ashley has been a trustee of the Laura Ashley Foundation since IAN BARNARD is a director of Safinvest Limited, an investment advisory business based in London. He concentrates on business development, asset allocation advice and manager selection. WALTER BOSS is a partner at BLUM Attorneys at Law in Zurich, Switzerland. His practice areas include domestic and international tax law, corporate law, mergers and acquisitions, private equity and commercial law. CAROLINE BUTLER joined Lord North Street, the UK based private investment office in Ms Butler was formerly managing director and head of UK private wealth management at Deutsche Bank AG. An economist by training, she was educated at Oxford and the London Business School. ROBERT COLVIN is a partner in Baker & McKenzie s Houston office and advises high net worth international private clients and the institutions that service them on international business, tax, asset protection, estate planning and wealth accumulation strategies. This is achieved through foreign and domestic trusts, life insurance products, private companies, partnership entities and other creative planning vehicles. WILSON COTTON is a director of Smith & Williamson Ltd, an independent professional and financial services group. He has specialised in trusts and estates since qualifying as a chartered accountant in He is a founder member of STEP, and is also currently vice president of the Association of Corporate Trustees. MARTYN GOWAR is a consultant at Lawrence Graham. He specialises in domestic, international and offshore estate planning for individuals and their assets. He also has extensive experience in planning for inter-generational business transfers and negotiation of family difficulties and disputes. MARk Harper is a principal at Withers. His expertise covers divorce and family law with a particular emphasis on the resolution of financial claims on divorce in substantial asset cases, often with an international element. He has a BA in Modern History from Pembroke College, Oxford. MERRAN LOEWENTHAL has over 25 years experience as an English and Australian lawyer in Austria. Ms Loewenthal s particular experience includes international commercial litigation and management of cross border litigation, wills and estates, inheritance tax and tax planning. CHARLES LOWENHAUPT is the chairman and chief executive of Lowenhaupt Global Advisors LLC, the multigenerational wealth management service provider. Mr Lowenhaupt is an extensive writer and speaker on matters relating to family wealth transmission and family philanthropy. STEVEN MEIKLEJOHN is a partner and head of the Trust and Estate Planning Team at Ogier. He is heavily involved in advising all of the firm s major trust company clients on trust and commercial issues as well as on regulatory matters. PETER MONTEGRIFFO is a senior partner in Hassans Commercial Department and was Gibraltar s Minister for Trade and Industry between May 1996 and February Mr Montegriffo advises in a variety of private client, commercial and trust related matters. This includes playing a major part in assisting with the London public listing of Gibraltar Companies, PartyGaming and 888 Holdings. Mark DAVID ROZEN is a partner at Roberts and Holland based in the USA. He has over twenty years experience of providing tax planning to private companies and high net worth clients. He has written a number of articles on international income and estate and gift taxation and is a member of STEP. DONALD SCHILLER is a principal at Schiller, DuCanto and Fleck the largest law firm in the USA focusing exclusively on matrimonial law. Mr. Schiller has been responsible for a number of precedent setting cases and is recognised as one of the USA s top matrimonial lawyers representing leaders or the spouses of leaders from the business, professional, and entertainment/sports communities. DR FRIEDRICH SCHWANK heads his own law firm in the centre of Vienna. Specialising in international estate, trust and tax issues, he has over 25 years experience in counselling international private client families. He is a member of both STEP and IAETL and has published articles on estate and gift taxation and private foundations. PAUL SCZUDLO is a partner in the Century City, USA firm Loeb and Loeb LLP. His practice emphasises tax planning for international and entertainment transactions and for high net worth individuals. Mr Sczudlo is a graduate from Yale College and Harvard Law School. MARK SUMMERS is a member of Speechly Bircham s offshore and international team within their Private Client Department. His specialisations include estate planning for clients with US/UK tax and estate planning for Latin American and Scandinavian families. ShÂn Warnock-Smith specialises in advice and litigation connected with trusts (both onshore and offshore), estates and charities, and associated taxation. In 2004, both the Legal 500 and the Chambers Guide to the Legal Profession placed her among the leading practitioners in her field.

4 CONFERENCE PROGRAMME CONFERENCE CHAIRMAN RICHARD MOYSE Senior Partner, Boodle Hatfield, UK and Past President, International Academy of Estate and Trust Law Thursday 1 st February Chairman s introduction RICHARD MOYSE, Senior Partner, Boodle Hatfield, UK BRAVE NEW WORLD OR FALSE DAWN? A NEW MODEL FOR MANAGING TODAY S PRIVATE CLIENT Challenges facing today s advisor Is today s private client advisor using the best service model for managing the needs of private clients? New service models for the future Future strategic growth areas MARTYN GOWAR Consultant, Lawrence Graham, UK Morning coffee TRUSTS A DYING BEAST OR REVITALISED CONCEPT? RECENT GLOBAL DEVELOPMENTS AND THEIR IMPLICATIONS FOR FAMILIES OF WEALTH New trust laws in the UK what these mean for families of wealth across the world with UK interests An update on the progress made by Switzerland to ratify the Hague Convention on the recognition of trusts Examining the amendment to the Swiss International Private Law Statute and the Swiss Debt Enforcement and Bankruptcy Act The status and tax treatment of Swiss trusts, trustees, beneficiaries and settlers An overview of developments in other key jurisdictions including the treatment and taxation of onshore and offshore trust structures WALTER BOSS Partner, BLUM Attorneys at Law, Switzerland PETER MONTEGRIFFO Partner, Hassans, Gibraltar ShÂn Warnock-Smith QC Barrister, 5 Stone Buildings, UK Lunch KEEPING THE WOLVES AT BAY: ALTERNATIVES TO THE TRADITIONAL TRUST STRUCTURE Examining some of the key alternatives to trusts and looking at their applications The Austrian private foundation how families of wealth across the world can use this as a tax efficient means of holding wealth Features of a Jersey foundation and types, uses and benefits of the reserved powers trusts General partnerships, English and Scottish Limited Partnerships, LLPs, Dutch CV, Swiss Kommandit Gesellschaft Insurance based solutions Isle of Man, Luxembourg amongst others Using corporations, partnerships and limited liability companies as structuring vehicles in the USA Pensions, option grants and other deferred compensation planning Charitable giving and private charitable foundations STEVEN MEIKLEJOHN Partner, Ogier, Jersey DR FRIEDRICH SCHWANK Senior Partner, Law Offices Dr. F. Schwank, Austria PAUL SCZUDLO Partner, Loeb and Loeb, USA MARK SUMMERS Senior Solicitor, Speechly Bircham, UK Afternoon tea

5 REPRESENTING THE MULTI-JURISDICTIONAL FAMILY What challenges do intermediaries face in representing the international family? The conference chairman, Richard Moyse will provide an extended introduction to this session identifying some general, common challenges faced by advisors when representing families with complex multi-jurisdictional interests. Three private client advisors will then present case studies to provide some solutions to these common challenges. Dealing with complex family structures spread across several jurisdictions Cross border issues and different regulations including marriage, tax and trust laws Case study of how an advisor represents a family with members in different jurisdictions CHARLES LOWENHAUPT Chairman and CEO, Lowenhaupt Global Advisors, USA MERRAN LOEWENTHAL Solicitor, Austria RICHARD MOYSE Senior Partner, Boodle Hatfield, UK Mark DAVID ROZEN Partner, Roberts & Holland LLP, USA Close of day one followed by drinks reception hosted by Campden Conferences Friday 2 nd February THE VIEW FROM THE OTHER SIDE: THE CLOSE ADVISOR AS SEEN BY THE CLIENT A single family office, a multi family office and a foundation will offer their views on what they look for in a close advisor. How and why do they use professional intermediaries? What specific needs do they have? What do they look for in an advisor? JANE ASHLEY Chair, Laura Ashley Foundation, UK IAN BARNARD Director, Safinvest Ltd, UK CAROLINE BUTLER Director, Lord North Street, UK Morning coffee PITFALLS AND PROTECTIONS: NEGOTIATING THE MINEFIELD OF TAX AND INVESTMENT REGULATIONS Keeping abreast of tax and investment regulations can be a major challenge when structuring your client s interests. This session will highlight some of the recent changes to regulations and compliance affecting tax and investment. Focussing on Europe and the USA, experts will offer solutions to some of the key challenges. implementing the third EU directive on money laundering implications for advisers and the management of the family office Changing attitudes to tax avoidance what is acceptable? increased disclosure and exchange of information between national tax authorities USA taxation of foreign trusts insurance solutions to USA tax issues and insurance as an estate planning vehicle Planning for the non-usa citizen spouse ROBERT COLVIN Partner, Baker & McKenzie LLP, USA WILSON COTTON Director, Smith Williamson Ltd, UK Lunch DIVORCE THE SHORT ROAD TO RUIN? The biggest financial risk to families of wealth what strategies and planning should be put in place to negotiate this minefield? The importance of pre-nuptial agreements, given recent high-profile divorce cases An update on divorce law throughout Europe The financial consequences of divorce in key jurisdictions around the world MARk Harper Principal, Withers, UK DONALD SCHILLER Principal, Schiller, DuCanto and Fleck, USA Chairman s closing remarks Close of conference

6 Comments from attendees at previous Family Wealth Management meetings: Organisation worked very well, speakers were qualified and clear CEO, Private Multi Family Office, Italy The organisation was excellent Family Wealth Advisor, UK Excellent conference, good speakers, venue and organisation Partner, Law Firm, UK The conference was hugely informative, the speakers provided much food for thought Director, Trust Company, Channel Islands Organised by 1 ST JOHN S SQUARE, LONDON EC1M 4PN, UK TEL: +44 (0) FAX: +44 (0) CONFERENCES@CAMPDEN.COM

7 THE FAMILY WEALTH MANAGEMENT CONFERENCE R E G I S T R AT I O N F O R M 50% Discount Speaker Referral The Family Wealth Management Conference 1 st & 2 nd February 2007 Hotel du Rhône Geneva PLEASE COMPLETE IN BLO CK CAPITALS Please book me place(s) at The Family Wealth Management Conference UK Pound 1350 per person 675 per person Euro 1995 per person per person Total Cost / N.B. Registrations can only be confirmed on receipt of payment. Title First Name Surname Position Organisation Address Postcode Country Telephone Facsimile I/We accept the Terms & Conditions overleaf and wish to register for this conference. (signature required) How did you hear about this meeting? METHOD OF PAYMENT Please charge my credit card: Visa / Mastercard / Amex Card number Expiry date Name on card Billing address (if different from above) Signature Date I have paid by direct bank transfer. Bank transfers should carry the reference FWM07, the delegate s name and should be sent to: HSBC, 54 Clarence Street, Kingston Upon Thames, KT1 1NP Account name: Campden Publishing Limited Account number: Sort code: Account number: Sort code: I enclose a cheque for / made payable to Campden Publishing Limited Please photocopy this form for additional delegate bookings from your family or office. Return completed forms by facsimile to: +44 (0) , or post to: The Family Wealth Management Conference, Campden Publishing Ltd, 1 St John s Square, London, EC1M 4PN, United Kingdom Registrations may also be made by to: conferences@campden.com Alternatively, telephone: +44 (0)

8 THE FAMILY WEALTH MANAGEMENT CONFERENCE B O O K I N G I N F O R M AT I O N The Family Wealth Management Conference 1 st & 2 nd February 2007 Hotel du Rhône Geneva Who can attend? This is a private meeting restricted to professional intermediaries (lawyers, accountants, independent family offices), unaffiliated with any bank or financial services firm, who are advising high net worth private and family clients. Registrations from independent financial advisors and asset managers can only be accepted where they are operating on behalf of a particular family or high net worth individual. Enquiries and organisers If you have any questions about the conference or how to register, please do not hesitate to contact the organisers, who will be pleased to help. The Family Wealth Management Conference Campden Publishing Limited, 1 St John s Square, London EC1M 4PN, United Kingdom Telephone: +44 (0) Facsimile: +44 (0) conferences@campden.com VAT NO. GB Registered in England NO Registration fee The registration fee, as listed overleaf, covers all conference papers, lunches, morning and afternoon refreshments, as well as an evening reception. Conference venue Hotel du Rhône, Quai Turrettini 1,1201 Geneva, Switzerland Telephone: Facsimile: mogva-enquiry@mohg.com internet: Hotel accommodation A block of rooms has been reserved at preferential rates at Hotel du Rhône. If you would like to take advantage of these preferential rates please contact the hotel directly by calling and ask for the Campden Delegate Room Rate. TERMS & CONDITIONS Programme alterations It may be necessary for reasons beyond the control of the organisers to alter the content and timing of the programme or the speakers. Data protection The information you provide will be held on a database. It will not be released to third parties unconnected with the conference without your express permission. Cancellations & registration policy Cancellations must be received in writing by 1 st January, 2007, whereupon a full refund will be made. Refunds cannot be given for cancellations received after this date. Registrations may be transferred to another delegate within the same family, family office or advisory firm. The organisers reserve the right to refuse registration or admittance to the conference. If admittance is refused, a full refund will be made. Disclaimer Please note that Campden Publishing Ltd, the organisers, do not endorse or recommend in any way any of the companies, individuals or firms presenting at, attending or associated with the conference nor the information given by them. All information provided at the conference is for information only and to be used as an as is, with all faults basis. The organisers relies on the companies, individuals or firms presenting at or associated with the conference to present accurate and reliable information, however the organisers give no warranty for it. The organisers shall not be liable for any decision made or action taken by delegates based upon any information obtained at or as a result of attending the conference.