Date office opened: 2013
Number of clients: 103
Assets under management: £300 million
Number in team: 8
Average portfolio size: £750k
Q&A with Will Corrin, managing director and David Bushe, head of investments, WHIreland International Wealth, Isle of Man
Will Corrin (pictured above)
What is your typical client demographic?
We manage funds for private clients, corporates, pensions, discretionary trustees and large institutional clients, in sterling, euro and US dollar. Those clients are typically either Isle of Man-based or UK resident non-domiciled or, structures based internationally in jurisdictions such as South Africa, Guernsey, Gibraltar and the Caribbean. We do not offer services to UK domiciled residents.
What differentiates your region?
The Isle of Man is a long-established, highly-regarded and well-regulated international financial services centre. The island has built a stable and resilient economy, offering security and quality services to clients around the world.
It also has an international focus and prides itself on offering clients a range of benefits which may not be available to them in their domestic market such as asset protection, a highly personalised service and autonomy.
What challenges does your area face?
The lack of education and understanding of international financial centres and their positioning and value to onshore finance centres such as the UK. The Isle of Man provides a gateway to other international finance centres, most significantly the City of London, and is a positive contributor to the global economy. The Island is keen to develop business partnerships with the UK and overseas neighbours.
The rise of robo-adviser solutions continues to offer clients some limited benefits. However, when given the choice of interaction and real-time advice by an experienced professional versus an automated robo-solution, we believe that most clients still prefer the option of taking the time to discuss, question and fully understand an investment recommendation by an appropriately qualified adviser before making any important financial decisions.
David Bushe (pictured above)
What’s the best thing about living in your area?
The Isle of Man is known for much more than the TT Races and cats with no tails. With nearly 30 years of economic growth, the island has a well-diversified economy which encompasses financial services, aviation, biotech, aerospace, maritime, manufacturing, e-gaming and tech companies. This has resulted in a steady growth in the local population, from countries other than our immediate neighbours in the United Kingdom and Ireland.
A sense of community is at the heart of Isle of Man culture and the Island is also fortunate to have fantastic sports facilities, excellent healthcare, near-zero unemployment and crime levels, beautiful unspoilt beaches, scenery and some of the best schools in the British Isles.
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