Sectors

Private Wealth

Jersey has more than 50 years' expertise delivering private wealth management from trusts and estate, future succession planning, to popular foundation structures.

Jersey Finance

Overview Latest
£400 billion

in trusts established by private individuals

375 foundations

formed since the Jersey Foundation was launched in 2009

1,282 members

of the Society of Trust and Estate Practictioners (STEP)

In brief In Jersey, we’re proud to offer a modern and sophisticated legal framework, enabling us to lead the way in delivering private client services vital to the health of the finance industry, worldwide.

These range from simple trusts and underlying company structures for UK families, through to high value and complex structures working with trusts, companies, limited partnerships and foundations for international families.

The establishment of ‘virtual’ offices for ultra-high net worth families are also available, as are structures for corporates looking to support and reward staff.

Key Facts
  • Jersey has £400 billion in trusts established by private individuals*
  • Since their launch in 2009, Jersey Foundations have become increasingly popular with 375 foundations formed**
  • Jersey holds 1,282 members of the worldwide membership for The Society of Trust and Estate Practitioners (STEP) *^ – one of the largest branches globally
  • Jersey Finance hosts an annual private wealth event in London which attracts leading practitioners in this field

*Source: Capital Economics, 2016
**Statistic correct as at December 2018 (Source: JFSC)
*^Statistic correct as at July 2018 (Source: STEP Jersey branch)

Trusts and foundations

Jersey is the leading jurisdiction globally for trusts, administering them since the 1960s.

An innovative foundations law has led to the growth in the number of Jersey Foundations. The structure is attractive because of its infinite duration, capacity, clear and transparent registration with the Jersey Financial Services Commission.

Their flexibility means that a foundation can be created for purposes which are charitable, non-charitable, or a mixture of both, with approximately one third being used for philanthropic purposes.

Work
Put Simply: Private Wealth
Understanding the world of private wealth can be complex. We’ve produced a series of explainers to make things clear.
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