Sectors

Private Wealth

Jersey has 60 years of expertise delivering private wealth management from trusts and estate, future succession planning, to popular foundation structures.

Overview Latest Family Offices
£1.14 tn

of capital administered by the sector, supporting £126 bn of global GDP via Global Value Chains (on average annually between 2017 and 2020)

+1,120

members of the Society of Trust and Estate Practitioners (STEP)

+400 foundations

formed since the Jersey Foundation was launched in 2009

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.

Private Wealth Factsheets ›

Keep up to date on the latest developments with our private wealth factsheets.

Private Wealth Key Facts

  • Regulated trust company businesses in Jersey offer vast expertise and experience in establishing and managing tailored structures for private clients.
  • The stability and quality of Jersey’s Trust Law, a template adopted by many other jurisdictions worldwide, remains highly attractive to international private wealth clients
  • Since their launch in 2009, Jersey Foundations have become increasingly popular with +400 foundations formed [1]
  • Jersey holds +1,120 members of the worldwide membership for The Society of Trust and Estate Practitioners (STEP) – one of the largest branches globally [2]
  • Jersey Finance hosts an annual private wealth event in London which attracts leading practitioners in this field

[1] Statistic correct as at May 2022 (Source: Jersey Financial Services Commission).  [2] Statistic correct as at September 2021 (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.

Family Offices

Work
Jersey: The Clear Choice for Family Offices
Over the last decade, Jersey has seen a significant increase in the number of family offices, not only establishing on-Island, but also migrating to Jersey from other jurisdictions.

To help us better understand the mindset of today's family office, we worked closely with some local family offices to listen to their personal experiences and to understand the rational behind establishing their businesses in Jersey as a leading international finance centre.
Read more ›

Philanthropy

Our positive reputation, wide range of structures and forward-thinking expertise sets us apart as an industry leader in philanthropy.

Jersey’s trust law means we can adapt a range of structures to focus on philanthropic objectives, all offering a degree of flexibility. Our charitable trust is a particularly attractive option. For altruistic, but not directly charitable, objectives (including humanitarian, research and ecological causes), our non-charitable trusts are ideal structures.

The Jersey foundation has become a popular alternative to the trust structure. A foundation can be created for charitable or non-charitable purposes, or a mixture of both.

As well as flexibility, foundations have additional appeal:

  • They offer infinite duration
  • They’re clearly and unambiguously registered with the Jersey Financial Services Commission
  • Their council of members structures are flexible in terms of composition
  • They provide a ‘guardian’ safeguard, making certain that the council of members maintain a clear charitable focus

In fact, Jersey Foundations are now so popular that more than 400 have been established since their launch in 2009. Around a third of these are set up for philanthropic purposes.

Jersey’s Charities Law

Jersey’s Charities Law, which is also open for the registration of charities in Jersey, is modern and sophisticated, and caters for the needs of small local charities, as well as global philanthropic enterprises. The frameworks provided by the Law are unique and flexible, while they provide appropriate levels of governance and accountability. Read our Charities Law factsheet.

Our Private Wealth Work

Islamic Private Wealth Management

Islamic Finance - Islamic Design
WAQF, Jersey Trusts and Foundations

Jersey trusts provide strong support for generational wealth planning, whether for family groups or for charitable and philanthropic institutions in the Gulf region. This is due to the similarity between Waqfs and trusts, together with our jurisdiction’s international reputation for trust management.

This offering works well with the Jersey Foundation. Introduced in 2009, the Jersey Foundation provides high-net worth individuals in the Gulf with a positive alternative to trusts. It holds wealth in a forward-thinking structure designed to allow greater control, ensuring that everyone benefits.

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Investing for Impact

With greater awareness of environmental, social and governance (ESG) issues, private investors are looking at how their investment strategies can have a positive impact and mitigate sustainability-linked risk, as well as achieving a financial return.

Not only do these clients want to align themselves with investments that have purpose and do good, they’re also looking for jurisdictions that are clearly committed to supporting the finance industry in its response to mounting pressure for action to tackle global issues such as climate change.

Jersey has been proactive in this area for some time, with many of our investment advisors and family offices integrating ESG standards into their business practices and adapting their client offering so they’re ready to meet the growing demand for sustainable portfolios from private investors and fiduciary service providers.

Jersey’s range of flexible structures, including our leading trusts and foundations offering, provide a range of solutions to integrate sustainability into the management of private wealth. Combined with the deep expertise of local service providers, this gives clients and their advisors the opportunity to adopt a range of strategies and considerations: from pure impact investing and philanthropy to ESG integration across the full spectrum of asset classes.

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Sustainability and Private Wealth Resources

Find a Jersey Wealth Manager ›

Visit our Business Directory for a list of Jersey-based wealth managers.

Events
Jersey Finance Private Wealth Conference 2022
The conference, entitled ‘Change, Challenge and Opportunity’, will focus on how leading financial services businesses must continue to adapt to an ever-changing landscape. Acting responsibly, engendering trust and remaining innovative will all play vital roles in creating opportunities for the future.
Read more ›

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