‘Some clients have been adversely affected by changes in the tax treatment of ownership structures for UK private dwellings,’ says David Capps, group chairman of Capco Trust Holdings Limited. But key to being an effective family office adviser is ‘not getting carried away either by numbers or celebrity’. Advisers should have ‘the courage to ask awkward, but necessary questions… with grace,’ he says. He worked for London maritime lawyers Sinclair Roche & Temperley, and is continuing to develop a ‘specialist maritime administration service’. He says that ‘while the trust company sector continues to consolidate, there is still room for established, reputable independents’.
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