TL4
Next Gen

With the old guard of HNWs passing on their wealth to the next generation, how should advisors adapt and change their approach when dealing with the next wave of HNW millenials and Generation Z

ThoughtLeaders4 Private Client Next Gen Wealth will run informative panel sessions and networking events, covering the most pertinent and current issues affecting Private Client - targeted at how to advise the next generation of HNWs

 

 

Members will include:

  • Junior partners, associates, counsel at law firms specialising in Private Client
  • Junior barristers practicing at the commercial, chancery, family bar
  • Managers / junior directors at trust companies
  • Accountants & Tax advisors
  • In house at banks, wealth managers and financial institutions
  • Litigation funders 
  • Forensic accounting professionals

Bringing together up-and-coming Private Client practitioners to share knowledge and experience of advising the next generation of HNWs

Who Qualifies as a Next Gen Practitioner?

Are there membership criteria?

Typically members must operate in fields related to Non-Contentious Private Client with an emphasis on next generation HNWs, and be between Associate and Junior Partner as a rough guide. 

Does my membership end once I become too senior?

No, this guidance is only for the point of joining 

Is there a membership fee?

No, membership is free.

Chris Moorcroft
Partner - Harbottle & Lewis

Chris Moorcroft advises individuals and families on wealth planning and succession matters. This includes the use of estate planning vehicles such as companies, trusts and foundations to manage the passing of wealth and family businesses to younger generations, to protect wealth from unexpected events like death and incapacity, to protect wealth from adverse third parties and to manage complex cross-border tax problems involving multiple jurisdictions.


Michelle Tring
Trust Director - Affinity Private Wealth

Michelle is a Trust Director at Affinity Private Wealth and has over 17 years industry experience of providing bespoke wealth management services to private clients, working with a full range of structures.

Michelle moved to Jersey in 2002 to pursue a career in finance and has spent the majority of her career on the island, with the exception of a two-year period where she worked in Grand Cayman, specifically managing a portfolio of structures for predominantly Latin American clients.

Michelle’s team are responsible for managing a large portfolio of private clients which span numerous jurisdictions and consist of a number of specialised structures with a variety of assets, providing bespoke and tailored wealth management services to individuals and families to help preserve and enhance their assets for future generations.


Robert Dobbyn
Partner - Walkers

Robert is one of the leading non-contentious trusts practitioners in Jersey, and heads Walkers' Jersey Private Capital & Trusts Group.

He focuses on private client structuring and advice, and is an expert in Jersey foundation structures.

Robert is a Jersey Advocate who has spent more than a decade specialising in offshore private client work.


Joanne Morse
Director, Family Office Services - Summit Trust International

Jo is a graduate of Law and French from Cardiff University. She qualified as a solicitor of England and Wales in 2008, working as a private client solicitor in the UK before beginning her trust career in Geneva in 2011. Jo has a wide range of experience in trust and company management, within which a wide range of real assets are managed, including fine art, vintage cars, shipping fleets, yachts, private equity and commercial and residential property. Jo manages an administration team providing bespoke private client trusteeship to ultra high value, complex international trust structures. In May 2018, Jo won Trustee of the Year at the Citywealth Magic Circle Awards held in London.


Phyllis Townsend
Senior Associate - Baker McKenzie

Phyllis Townsend is a senior associate in the Wealth Management practice in London. Phyllis joined in 2012 from Rothschild Wealth Management & Trust where she was legal counsel in London and Zurich. Phyllis works with clients on a broad range of wealth management matters. Phyllis is listed in Legal 500, Private Client Practitioner's "Top 35 under 35" and Legal Week's "Private Client Global Elite - Ones to Watch".


Alice Killingbeck
Director - KPMG

Alice Killingbeck is a director and solicitor leading Private Client legal services at KPMG in the UK. Alice advises UK and international individuals, families, trustees and family offices on issues related to the management, growth and transition of their personal and business wealth. This includes designing and advising on estate planning structures such as trusts and foundations, advising on trustee governance and fiduciary risk, cross-border succession planning, Wills and philanthropy.


Founding Committee

Chris Moorcroft
Chris Moorcroft Partner
Harbottle & Lewis
Michelle Tring
Michelle Tring Trust Director
Affinity Private Wealth
Robert Dobbyn
Robert Dobbyn Partner
Walkers
Joanne Morse
Joanne Morse Director, Family Office Services
Summit Trust International
Phyllis Townsend
Phyllis Townsend Senior Associate
Baker McKenzie
Alice Killingbeck
Alice Killingbeck Director
KPMG

Upcoming Events

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On Demand
31 Mar 2021
Inter-Generational Wealth Planning: The Private Client Practitioner of the Future - Available Now

On-Demand Full Day Event 
With the old guard of HNWs passing on their wealth to the next generation, how should advisors adapt and change their approach when dealing with the next wave of HNW millenials and Generation Z


Find out more
Virtual
14 May 2020
Next Gen Wealth: Hot Topics in the New World Order

Virtual Event on Zoom
Meet and hear from the Private Client Next Gen Wealth founding committee. They will be looking at the hot issues in FIRE given the current unprecedented position businesses around the world find themselves in. Sharing tips, considering the traps and the pitfalls to avoid. 


Find out more
Virtual
10 Jun 2020
Exposing bad trustees in a post-pandemic landscape: Who’s had their hand in the till or taken their eye off the ball

Delighted to partner with ConTrA to bring you this unique webinar where all proceeds are being donated to the National Emergencies Trust Coronavirus Appeal. 


Find out more
Virtual
16 Jun 2020
Lockdown Lowdown: 5 important trust decisions you need to know about now

Understand the lessons from the 5 most important trusts decisions from the key industry players, chaired by the incomparable Elspeth Talbot-Rice QC. 


Find out more
Virtual
02 Jul 2020
Next Gen Wealth: Family Offices in the New World Order

These are unprecedented times - there's been an overnight shift to remote working for almost the entire population. How is this affecting the worlds HNW and UHWs and how are advisors dealing with Family Offces in this new world order? 

We will be looking at the current issues in a quickfire format from across the spectrum of private client practitioners.


Find out more
Virtual
17 Sep 2020
Next Gen Wealth: Sustaining ESG Investments

ESG investing continues to be a pressing concern. And one that is amplified in recent times. What is latest key issues to watch out for and how are advisors developing their approaches? 


Find out more
Virtual
18 Nov 2020
The Worldwide Webb: The Future of Trusts

Delighted to bring you the first joint event between ConTrA and TL4 Next Gen Wealth

Designed for Contentious & Non-Contentious practitioners alike. 

Bringing you an examination of the impact of the recent Privy Council decision in Webb v. Webb 


Find out more
Virtual
19 Nov 2020
TL4 Virtual Community X-Over

A unique virtual event bringing together HNW Divorce, FIRE and Private Client experts. We will be discussing how the various practice areas overlap with each other and how best to work across disciplines 


Find out more
Virtual
15 Dec 2020
HNW Advisors Leadership Programme: Training and development for future leaders

Leading complex relationships, working through challenging strategy and training your professional mindset makes a good advisor. But what makes a great, trusted advisor? What skills do you need to become a well-rounded HNW practitioner to grow your niche and succeed?


Find out more
Virtual
21 Jan 2021
Insolvent Trusts

This deep dive into insolvent trusts will bring together our FIRE and Private client communities to assess the latest cases and their practical impact on best practice approaches 


Find out more
Virtual
21 Apr 2021
Nizam: Nuclear powers face off in High Court over English trust law principles

India and Pakistan locked horns with each other and descendants of the 7th Nizam of Hyderabad in Pakistan v NatWest decided by Marcus Smith J in October 2019.  .  When Pakistan initiated new proceedings in 2013, the current Nizam instructed Eason Rajah QC, 10 Old Square, and Paul Hewitt, Withers LLP.  Eason and Paul will set out the historic and political context as well as the trust law principles debated.


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On Demand
14 May 2021
Divorce: Understanding the Impact on Trustees, Beneficiaries & Other Fiduciaries

This is not a technical/legal session but we will instead be focusing on practical, ‘on the ground’ experiences.

Typically, these sorts of sessions focus on the legal impact of trusts on divorce but today we will be turning the telescope around and looking at the practical impact of divorce on trustees, beneficiaries and other fiduciaries.


Find out more
2 Day Summits
26 Aug 2021
TL4 & ConTrA present Private Client Summer School: The Ultimate Insider’s Guide

Bringing you the Ultimate Insider's Guide to all things Private Client. If you are newly qualified and looking to broaden your knowledge and develop your skills then you need to be here. 
In partnerhip with ConTrA, our programme is a full library of absolutely evertything you would need to know and want to know about your practice area. In our unique Summer School style you can expect a load of networking opportunities in a very enjoyable setting. 


Find out more
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Latest News

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Though undoubtedly a year of disruption and upheaval, 2020 also brought about opportunities. When you look at Q3 2019, we were amid a period of political unrest that saw millions of people take to the streets and market commentators were highlighting the movement of wealth from Hong Kong to Singapore. I myself had noticed the transition of some peers attracted by the stable climate, more business opportunities and bigger apartments! Then towards the end of the year, we recorded our first case of COVID-19 and everything changed...

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Thank you to our authors, readers and members and our Community Partners for their continued support. We are excited to show what we have planned for later on this year so watch this space…

Read Here!

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Virtual Value Visibility Partnership

Deliver Value through Virtual Visibility.

Understand what is unique about the ThoughtLeaders4 community approach and how you can add Value to our Communities and be Visible through our Virtual platform.

To find out more about our VVV packages DOWNLOAD OUR BROCHURE

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James Baldwin-Webb Joins Thought Leaders 4 as Private Client Partnership Director!

James has been the commercial lead on many globally renowned Private Client events and forums  and has over 10 years of experience of curating communities across the full spectrum of the Private Client advisory market.

James’s arrival re-unites him with Laura Golding and along with the ThoughtLeaders4 directors, gives over 30 years’ experience within Private Client, and will add continued impetus to an already rapidly growing community.

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This follows our previous piece, Divorced from reality: Pugachev, Webb, and illusory trusts in divorce proceedings, which was published in the August 2020 edition.

On 3 August 2020 the Privy Council handed down its eagerly awaited Webb v Webb ([2020] UKPC 22) judgment in the appeal from the Cook Islands. Its judgment grapples with several important issues, with perhaps the most eye-catching aspect

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Private Client Magazine: Issue 2 - NEXT GEN WEALTH - NOW AVAILABLE

I personally have felt for some time that non-contentious Private Client world in particular lacks a really thriving community aimed at the Next Generation of the wealthy and their advisors and this is very much what I hope this will become” - Chris Moorcroft, Harbottle & Lewis, Next Gen Wealth Founding Committee Member

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Many protectors or their advisors will already have navigated difficult issues during the recession following the financial crisis in 2008, others will have done so even earlier. The issues which arise from the physical restrictions placed on us and our movement during the current crisis may be quite unusual, but the economic issues arising from the Covid-19 crisis are likely to be similar to previous downturns.

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It is widely publicised that economists and financial observers estimate that, over the next few decades, assets worth many trillions of dollars will pass from one generation to the next - dubbed “The Great Wealth Transfer”. This passing of wealth is likely to take many forms including the transfer of individual influence over existing wealth-holding structures and as such it is clear that the fiduciary industry will experience the effects of this intergenerational change.

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Regardless of whether you previously read books on pandemics, were fully au fait with the Spanish flu of 1918, and/ or at least broadly knew that epidemics on a grand scale occur about once every 100 years, the Corona Virus has shocked the world in its speed of spread and truly terrible consequences. The death toll as of this writing is almost 29,000 for the U.K. and 250,000 worldwide.

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Economic uncertainty brought by the Covid-19 pandemic will undoubtedly have a profound effect on the value of trust assets. Industry experts predict steep rises in insolvencies, affecting key industries. Many businesses may become cash-flow/balance sheet insolvent (if they are not already).

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Practical Considerations for Trustees

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Read more
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Trusts are settled for many reasons but succession planning is usually featured at the top of this list. Many settlors like the idea of leaving a legacy, of leaving their accumulated wealth in safe hands and of doing what they can to minimise if not completely eliminate family disharmony after their passing.

Read more
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Trustees and Divorce: Navigating Stormy Waters

Debt, death and divorce: often grimly cited as the estate agent’s best friends, they are also three main harbingers of trust litigation. The last of these can be particularly troublesome for trustees, who can find themselves in a difficult position when a beneficiary (or beneficiaries) of a discretionary trust divorce, especially when it is taking place in the English courts

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Our Private Client Community Partners
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Contact Us

For any questions relating to Next Gen please contact Paul on 020 7101 4155 or email paul@thoughtleaders4.com

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