All participants took part in qualitative interviews, sharing their expert views, insights and experiences in the context of Jersey private wealth. Sectors covered in the research included private banking, investment management, trust company businesses, IFAs, family office services, legal services, tax and accountancy, private client insurance, real estate and private aviation.
Key private wealth themes in Jersey have been covered, such as family offices, next generational wealth transfer, ESG/sustainable investing, philanthropy and digital/technology in private wealth, together with the impact of the COVID-19 pandemic and their view on the future of the Jersey private wealth sector.
There is a summary of the key findings below or you can download the full Jersey Private Wealth Report 2021/22.
net asset value of regulated funds under administration, at the end of Q3 2021
live companies on the register, at the end of Q3 2021
total value of banking deposits held in Jersey, at the end of Q3 2021
banking licences, at the end of Q3 2021
total value of funds under investment management, at the end of Q3 2021
Jersey Foundations formed since their launch in 2009, as at 31 December 2021
Jersey Private Wealth Market
Jersey Private Clients and Family Offices
For the purposes of this report, there are two groups of private clients:
- Private clients, who are users of Jersey private wealth services but do not live in Jersey; and
- Private clients, who are users of private wealth services and also choose to live in Jersey. The first group comprises global ultra-high net worth (UHNW) families, who might or might not have established a family office located in Jersey or elsewhere. The second group consists of local Jersey residents, who are UHNW families and may have a locally established family office.
Find out more about Jersey private clients and family offices.
Jersey Private Wealth Professionals
The study found that Jersey has a significant network of private wealth professionals, such as trust administrators, investment managers, bankers, tax advisers and legal advisers, who together assist private clients and family offices, locally and globally, with their private wealth management. The local presence of private wealth professionals creates ‘substance’ for the complex wealth structures.
Find out more about Jersey private wealth professionals.
Jersey Private Wealth Sectors
The sectors of Jersey’s private wealth industry were covered from private banking, to investment management, trusts and insurance, to name but a few. Find out more about Jersey private wealth sectors.
Jersey Private Wealth – The Future
Leading professionals from Jersey’s private wealth sector were asked for their opinion on the future trends in Jersey’s private wealth sector. Read comments from Joe Moynihan, Jason Laity, Geoff Cook and Martin Maloney.
About the Author and Research Methodology
Dr Stuart Gibson, PhD MSc DipM FCIM FCMI, is an expert in research, education, and business and marketing strategy within the Private Wealth sector. His firm, Gibson Strategy, is a research, education and consultancy business that specialises in Private Wealth, globally.