Contact

News & Insights

BLACKTOWER FINANCIAL MANAGEMENT GAINS ACCESS TO PANAMA MARKET

International investment and financial planning firm, Blacktower Financial Management Group, announces the launch of its offering in Panama.

Gibraltar, 10th October 2022

Blacktower Financial Management Group, providers of individual and corporate financial planning, has today announced that they are now licensed to offer their bespoke services in Panama. This follows the recent acquisition of a full broker dealer licence for their Cayman entity and the group’s expansion into Swiss and Australian markets this time last year.

Blacktower asserts that their full range of services, including overseas pensions advice, tax planning and wealth management, will be available to both residents and expats, after acquiring the regulatory and licensing requirements needed to operate in this region.

Blacktower have also delineated the opportunity this presents for their IFA network, Nexus Global, which was established back in 2010. Group Managing Director, Gavin Pluck, states that ‘it can be incredibly challenging for advisers and smaller wealth management firms to gain access to smaller markets such as Panama; this expansion is not only significant in Blacktower’s development, but it also represents a pivotal moment in the evolution of our IFA network and offers a real opportunity to those operating under our regulatory umbrella’.

Chairman and founder of both Blacktower and Nexus, John Westwood,  adds that ‘Panama, whilst small, is a valuable addition to our regulatory footprint. It has proved itself to be one of the fastest growing economies in the last decade,doubling its income per capita. With our Cayman entity just across the Caribbean sea, it is incredibly encouraging to see Blacktower cementing its presence in this part of the world and illustrates our ongoing expansion outside of Europe in to regions such as LATAM.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Time Horizon – An Essential Part of your Retirement Planning

It’s possible that you will never have to make any financial decisions more important than those relating to your retirement plans. These are likely to involve the consideration of a number of important factors, including the following:

  • Your present and future cashflow needs
  • Whether you wish to create a legacy for family or charity
  • Your level of risk-tolerance
  • Whether you wish to simply protect or to grow your wealth
  • An assessment of market conditions
  • Your personal goals
Read More

NEWS WRAP – SECURE Boon to Retirement Planning but with Estate Planning Implications

On 20 December 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law*. The bill had already passed the House in a resounding 417-3 vote, and the reasons why it had near-unanimous bi-partisan support are clear.

SECURE promises to herald new ways of thinking about, and preparing for, retirement as the US moves into the 2020s. The Act seeks to enhance the coverage of qualified plan rules, not least by allowing smaller employers to collaborate so they can offer their staff 401(k) plans and, in a move that answers a frequent criticism, by giving long-standing part-time workers access to 401(k) plans.

Read More

Get in touch for more information

To contact us about this or any other news, please complete the form below

"*" indicates required fields

Name*
Hidden
Hidden
Hidden
Hidden

Select your country

Please select your country of residence so we can provide you with the most relevant information: