Wealth management step by step

Writing on blackboard: Estate Planning, with a circle of sub-categories around it

With a focus on promoting the Cayman Islands as a leading jurisdiction for private clients, wealth management, and the administration of trust and estates, the Cayman Islands Branch of the Society of Trusts and Estates Practitioners continues to work hard to promote and highlight the breadth of expertise and wealth planning solutions available in the jurisdiction – with great success.

Following on from the very positive response to its Inaugural International Wealth Structuring Forum, held at the Kimpton Seafire Hotel in January 2018, STEP Cayman will again host its Cayman Islands conference there on Jan. 31 and Feb. 1, 2019. Having enjoyed an impressive number of attendees last year, of both onshore and offshore origin, the forum is already acknowledged as the leading private client conference in the Cayman Islands and expected to again be well attended by locals and international guests.


STEP, a global network of professionals who specialize in family inheritance and succession planning, has a significant membership base in the Cayman Islands comprising lawyers, accountants, fiduciaries and other wealth structuring specialists. From that membership base, and via STEP’s global network, more than 250 people attended the 2018 Forum. In addition to receiving cutting-edge guidance, delegates are attracted by the extensive networking opportunities among fellow experts from the wealth management industry and the chance to hear (and question) respected speakers with a wide range of experience.

The content, format and speakers

The 2019 Forum will retain the same two-day format for the 2019 Forum which will occur on the final two days of the working week. The agenda for the forum has now been finalized, with the speakers addressing new enticing topics, including how trustees are responding to the growing demand to hold digital assets, notable developments in trust litigation, a review of the success of Cayman’s introduction of its Foundation Companies Law and the challenges faced by international financial centers which might well now include the United States of America. Deep dives into recent case law affecting trustees and beneficiaries alike, including the judgments in important trusts law cases such as Mezhprom v Pugachev and Investec v Glenalla will be undertaken, and issues as to the confidentiality of trust documentation and the proper litigation of family disputes will be explored in break-out sessions. A mock court application and wealth structuring tips for families from the People’s Republic of China and philanthropists round out the agenda.

To guide delegates through the multitude of topics, there is an impressive array of domestic and internationally renowned speakers. These will include the Minister of Financial Services and Home Affairs Tara Rivers, who will provide an opening address, keynote speakers Justice of the Grand Court Ian Kawaley and Mary Duke, as well as highly regarded experts from the U.K., Switzerland, China and the USA. Speakers from local law firms and from on-island trust companies join them.

Promoting Cayman

Thanks to the ongoing efforts by STEP Cayman, and the support of sponsors, the forum is now a key component of the international private wealth calendar and the jurisdiction’s wider marketing efforts. Promoting Cayman as a jurisdiction of choice via the forum has been successful to date, and STEP Cayman continues to work on expanding the substance of the event in an effort to attract an even greater range of delegates to the island. It is already anticipated that the delegate numbers for the second year of the Forum will exceed those of 2018 and it will therefore be important for potential delegates to reserve their space as soon as possible to ensure attendance.

Further information about the 2019 STEP Cayman Forum is available online at https://www.step.org/cayman2019 and further enquiries can be directed to [email protected].