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Lack of knowledge about wealth management tools top concern for investment professionals


Eight-nine per cent of insurance brokers identified tax efficiency as the number one area where they could use more data to better serve their clients, according to a survey by Crown Global.

In addition, 39 per cent of asset managers surveyed cited taxes as the greatest concern in 2014 and beyond.
Crown Global surveyed a broad range of industry and investment professionals on key issues at the Private Placement Life Insurance (PPLI) and Annuities (PPVA) Conference in June 2014. Other trends expected to gain traction in 2014 include regulation and compliance (42 per cent) and uncertainly about changes in legislation (43 per cent).
“Given the sea change of new regulations, alternative asset managers, investors and their advisors are looking to increase their knowledge of innovative strategies to mitigate risks and improve tax efficiency,” says Perry Lerner, chairman and chief executive officer, Crown Global. “Our survey reflects the greatest area of concern includes taxes and regulations and compliance.”
“With significant industry experience and financial capacity, Crown Global is unique positioned to serve the increased demand for private placement life insurance as new regulations take effect,” says Chris Calise, president, Crown Global. “We have a global team to provide institutional and high net worth clients with a flexible, open architecture investment platform for independent sponsors.”
The survey revealed a positive perspective on using private placement life insurance as a wealth management tool; 82 per cent have used the innovative structure in the last year. Respondents included 64 asset managers with combined assets under management or advisement in excess of USD4.5 trillion.

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