Global wealth is under the spotlight as never before and, understandably, the world's wealthy are on high alert. The Wealth Report 2013, sponsored by Boodle Hatfield LLP (London, England), surveys legal advisers to see how their clients are reacting to the changes.
Millionaires and other high net worth individuals are altering the ways they manage their money under pressure from changing tax laws and various other factors.
Their advisers are having to deal with increasingly complex tax laws. The report demonstrates that 'there is growing interest in setting up family offices...and that many lawyers are advising clients on whether they should switch the location of their bank accounts'.
Private clients feel themselves to be 'on high alert'. In the UK and worldwide, there have been huge changes to tax legislation over recent years.
