Rory Sachs

2 months ago | spearswms.com | Rory Sachs

The two-hour minibus journey, from Bhutan's sole international airport in Paro to the capital of Thimphu, is breathtaking - and not just because your lungs have to work a bit harder at a 2,400m above sea level. It's fast: each turn along the winding, slightly misty Himalayan roads reveals flowing streams, scores of pine trees and majestic monasteries (dzongs), which come with dark wooden frontages and sloped red roofs. And, it's slow.

Sep 27, 2024 | spearswms.com | Rory Sachs

As the old saying goes, only two things in life are certain: death and taxes. Yet around the world, inheritance tax (IHT) is a particular source of confusion for HNWs, with some countries doubling down on IHT and others doing away with estate levies altogether. Austria got rid of death duties in 2004, while Sweden and Singapore abolished their own inheritance taxes in 2008.

Sep 26, 2024 | spearswms.com | Rory Sachs

When a private equity house snaps up a business, the usual plan is to overhaul its operations over a set timeframe in the hope of selling up for a handsome profit. After acquiring Pret A Manger for £364 million in2008, the €43 billion PE behemoth Bridgepoint Capital sold the sandwich juggernaut 10 years later in a deal worth a reported £1.5 billion.

Sep 17, 2024 | spearswms.com | Rory Sachs

There are nearly 30,000 UHNWs holding assets of at least $100 million around the world, a new report by citizenship and migration specialists has found. The consultancy, which assists HNWs in uprooting and rerooting across the globe, looked at the most popular regions, countries and cities for UHNW residents globally in its Centi-Millionaire Report 2024, and found the number of centimillionaire UHNWs across the globe had grown by 54 per cent over the past ten years.

Sep 2, 2024 | spearswms.com | Rory Sachs

The number of family offices globally will continue to balloon by 2030, up from around 8,000 today to an estimated 10,700, a new report from Deloitte Private has predicted. In 2019, there were just 6,130 family offices around the world, a figure expected to climb by 75 per cent to around 10,700 by 2030.