Offshore to Onshore – Meyado Wealth Management in the UKOffshore to Onshore – Meyado Wealth Management in the UK
Meyado International has been granted FSA approval to establish a UK operation providing independent wealth management advice – a valuable addition to their successful international operation. Commenting, Martin Young, Chairman of Meyado, said: “I am delighted to hear the news that Meyado has been approved to provide wealth management solutions to investors in London. Meyado has successfully managed the transition from being an offshore advisor to an onshore Wealth Management business based in some of the most dynamic locations in the World. I am sure that London will figure prominently in the future of the company.” Having achieved licensed status in Hong Kong and from the Monetary Authority of Singapore in 2004, Meyado were already familiar with the high standards of regulation required to manage a compliant business before undergoing 14 months of thorough investigation and risk assessment by the FSA in the UK. The investigations included a thorough analysis of the firm’s financial status and the operational history of the international business. Dr Graham Brown, Director at Meyado who has dealt with Regulators in Hong Kong and Singapore, believes this is no mean feat. Offshore financial services have always carried the stigma of gravitating towards the most casually regulated financial centres available – avoiding the stringent regulation that may otherwise restrict their business strategy. However, with the increased threat of world terrorism and how it is financed featuring high on political agendas, there has been increasing pressure for better regulation of offshore centres to meet international standards of best practice. Indeed in the future, the success of an offshore centre and those firms who choose to use it, will involve the ability to demonstrate a high quality of financial regulation and a high degree of co-operation with world regulators. Due to the less stringent regulation perceived in offshore centres, a number of companies have initiated international operations from a successful UK base. This has not always been successful and in a couple of cases there have been spectacular failures. Establishing a UK operation on the back of a successful international operation has rarely been attempted due to the highly complex and detailed application process and the presence of legacy issues. Meyado in the UKWith FSA approval Meyado is now looking to appoint a new UK Sales Director backed by a highly experienced team of investment advisors so clients can be assured of continued excellence across their European operations. The company’s commitment to their UK based clients extends to the range of wealth management solutions and personalised service that will help them achieve specific lifestyle objectives. Whether that be the management of an investment portfolio to benefit a growing family, or optimising investments to ensure future capital requirements are met. Clients’ circumstances can inevitably change; therefore, the Meyado Overseas Executive Club will work with clients continually assessing their investments to check that they are in line to meet their lifestyle objectives. Meyado have their International Headquarters based near Windsor in the UK. The company first commenced operations in Frankfurt in 1993 and from the outset positioned themselves in a niche market between Private Banks and Independent Financial Advisors. They help international executives and high net worth individuals alike achieve their goals through carefully researched private wealth management solutions. Those working for the company possess a vast knowledge of international investing and UK based clients should find themselves in a strong position to take advantage of a wider variety of investment opportunities across the globe. Key to Meyado’s philosophy is integrity, trust and discretion in everything they do for their clients. A natural extension of this philosophy was the launch of the Meyado Overseas Executive Club - a dedicated client care programme with two comprehensive tiers of membership. It’s also why new clients are allocated their own personal club Account Executive; someone who fits around a client’s busy schedule and identifies personal objectives that will enable them to meet their intended goals. Independent wealth management advice is at the core of Meyado’s offering and to ensure their clients receive the highest level possible, the company maintains sophisticated and detailed methodologies for training and recruitment that is arguably unrivalled in this sector. Meyado’s training programmes are well planned and resourced to ensure that every employee attains and maintains high standards of knowledge and competence that deliver the exacting standards the company expects. This has come to be one of the main factors that distinguish Meyado in the financial business environment. Property Portfolios and Retirement Income FundsMeyado provides solutions that help clients manage their wealth to achieve financial freedom and sustainable income for the future. Part of this service includes regular reassessment of individual clients’ circumstances that will allow them to meet their goals. Over the last ten years, many of Meyado’s existing clients have invested in the UK property markets and experienced excellent cash flow returns in terms of both monthly rentals and capital appreciation. Meyado continue to favour prime residential property markets that they have identified as having high resilience to recession and other cyclical factors. The objective is capital growth and income from high quality rentals. It’s all good news for UK high net worth individuals who can take advantage of the open mindset of Meyado’s Wealth Managers. Coming from an international environment, they will be able to provide a wide range of opportunities for their clients that may not have been previously considered. “Every client is unique and we have found that success can only be achieved by providing a long term ongoing professional relationship and continuity of service wherever in the world our clients’ careers may take them. Our consultants and clients both share in our motto of helping people, achieving goals,” says Mark Paine, International Sales Director at Meyado. For further information, please contact Graham Brown, Director, Meyado International on 01753 486900m or at grahambrown@meyado.com or visit www.meyado.com.
