RICHARD CAYNE featured Seven Hills Japan Private Banking Continued

As featured in the Seven Hills magazine August 2007 edition; Private Banking services are not anymore reserved exclusively to the very wealthy explains Richard Cayne of Meyer Asset Management Ltd financial advisory in Tokyo Japan.  These days there are many options over Swiss private banks such as Life insurance companies or banks outside of Switzerland who are also based in tax neutral jurisdictions where they do not impose tax for non-residents of the area.  A Private bank account really offers in addition to advisory services a custodial account within which you can hold various assets such as stock, bond, mutual funds and hedge funds all within and from one central location.  Many offshore based Life insurance companies offer this custodial service at a very reasonable price with lower fees as compared to the traditional Private Banks making them a very good alternative.

Seven Hills magazine’s readers are High Net Worth Individuals in Japan

Ensuring Healthy Investment with Richard Cayne Meyer Asset Management Ltd Japan

The scene of investment has changed a lot over the last few years. The main reason for this is lack of reliable information. The people of Japan are not getting reliable and good information about making investment in different parts of the world. They are looking for sources which can offer them unbiased information related to investment but unfortunately the sources are very few.

Just a few years back investment advisors were free to suggest the different options for making overseas investments but the scenario is different now. It is not possible in terms of legal activities. Richard Cayne Meyer Asset Management Ltd Japanhad performed all the activities which were permitted legally before deciding to close in 2010 and transfered clients to Meyer Asset Management Ltd’s Asian based servicing arm called Meyer International in Thailand. They have complete knowledge about the activities which are valid under license so they take all steps according to it. As per the law of FIEL (Financial Instruments and Exchange law) any firm located in Japan which is involved in offering investment advice is only allowed to provide advice to the customers. In addition to this, they can only charge the customers for advice only. Selling, Introducing or intermediating the clients to the global funds is not allowed if the funds are unregistered in Japan regardless of license type.

In this way, the clients in Japan who want to diversify their holdings at global level are the real looser. Some of the firms in Japan who claim to be licensed are providing fake information to the clients and thus misleading them. They are involved in activities which aren’t permitted. It is not the case with Richard Cayne Meyer Asset Management Ltd Japanas they believed in defining the market in terms of legal activities only. The firm assisted its client in explaining the features of the offshore market plus it also provides information about the companies which are required to be registered in Japan. The whole scenario of the market clearly shows the role of FSA in acquiring control over the firms which want to introduce their services in the Japanese market.

As per information provided by Richard Cayne Meyer Asset Management Ltd Japan, the Japan based investors are free to make investments wherever they want. It is not the case in other countries of Asia where restrictions are many. So, Richard Cayne suggests to opt for offshore investments which is more advantageous.  Though with no firms operating in Japan in accordance with Japanese regulations it is advisable to have an overseas adviser who can at your request provide all the information and assistance you desire and all completely within the letter of the law.

Richard Cayne had worked in the city of Tokyo of Japan for more than 15 years. Now he is working as managing director of the Meyer Group of companies which is wholly owned by Asia Wealth Group listed company on a UK stock market in London. It is a very famous name in holding the command over financial services. Richard Cayne Meyer Asset Management Ltd Japan was one of the operational branches but now Meyer Asset Management clients in Asia can be serviced by Meyer International Ltd based in Bangkok, Thailand.

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