Clegg forced to water down 'tycoon tax'

City Wire: Deputy prime minister Nick Clegg has been forced to back down on proposals for a ‘tycoon tax’ just two days after he unveiled the policy.

Full story: http://citywire.co.uk/wealth-manager/clegg-forced-to-water-down-tycoon-tax/a573501?ref=wealth-manager-latest-news-list

HNWI wealth falls in UK after financial crisis

Private Banker International: The number of HNWIs in the UK dropped by 12% to about 675,000 after the financial crisis, due largely to the fall in the value of the stock markets in 2008 and a decline in local property indices.

Full story: http://www.vrl-financial-news.com/wealth-management/private-banker-intl/issues/pbi-2012/hnwi-wealth-falls-in-uk-after.aspx

Wealthy could remain unaware of generous tax treaty, says expert

CampdenFO: Many wealthy families in the UK will remain unaware of the Liechtenstein Disclosure Facility, due to a lack of information and understanding among their accountants about its benefits.

Full story: http://www.campdenfo.com/article/wealthy-could-remain-unaware-generous-tax-treaty-says-expert

New property 'investment club' launched for family offices

CampdenFO: A former partner of Capricorn Investment Group, the family office established by eBay founder Jeff Skoll, has launched a new club aimed at helping family offices invest together directly in commercial real estate. Basil Demeroutis, managing partner of the Family Office Real Estate Partnership, said the direct co-investing platform would give family offices more control over their property investments than conventional routes.

Full story: http://www.campdenfo.com/article/new-property-investment-club-launched-family-offices

Grant Thornton's top 10 Budget predictions

MoneyMarketing: Grant Thornton UK head of tax Francesca Lagerberg gives her top 10 predictions for what Chancellor George Osborne will say on March 21.

Full story: http://www.moneymarketing.co.uk/politics/grant-thorntons-top-10-budget-predictions/1047512.article

Rothschild names private client business co-heads

Private Banker International: Rothschild Wealth Management has named Jon von Planta and Riccardo Petrachi co-heads of its private client business in Zurich, as the bank continues to focus on high net worth individuals (HNWIs) in UK, Germany and Switzerland.

Full story: http://www.vrl-financial-news.com/wealth-management/private-banker-intl/issues/pbi-2012/pbi-281/rothschild-names-private-clien.aspx