The top stories on eprivateclient this week...

Monday

The number of single family offices (SFOs) has increased by 38 percent in the last two years, according to research organisation Campden Wealth.

A businessman from the north of England has been ordered to reveal the source of funds used to start and develop his £10 million property empire, the UK's National Crime Agency revealed.

Tuesday

The complexity around the UK Inheritance Tax system was highlighted in a freedom of information (FOI) request from Quilter.

Zedra appointed Soledad Garcia as director of its London operations.

Wednesday 

Boris Johnson claimed victory in the Conservative Party leadership election and will soon be moving into number 10 Downing Street as the UK’s new Prime Minister. But what does this mean in terms of tax for HNWs?

2019 eprivateclient Top Trust Company JTC appointed its chief operating officer, Wendy Holley, as executive director of the group, joining its PLC board.

Thursday 

Boris Johnson officially became Prime Minister. While eprivateclient examined the potential risks and opportunities for the UK private client sector under Mr Johnson’s leadership, accountancy firm Blick Rothenberg has highlighted his potential danger to the German economy.

Information on 47 million offshore accounts, valued at EUR 4.9 trillion, has been exchanged for the first time, according to a report by the OECD.

Friday 

UK law firm Collyer Bristow made changes to its management board following a partnership election to appoint new departmental heads.

The Organisation for Economic Co-operation and Development (OECD) concluded a review of Jersey’s recent changes to legislation and confirmed that Jersey’s domestic legal framework is in line with the relevant standard and is therefore “not harmful”.