It has long been our view that the historical advantage of private wealth managers has been their capacity for specialization. In theory, these institutions–many of which have served the same market for over a century or more–should be finely adapted to the demands of their domestic financial and regulatory climate.
We regret then that the late tendency of private wealth service providers has been to accumulate in sprawling, international holding companies, wherein the local genius of the asset manager is smothered by the regulatory burden of the holding structure and its domicile.
That private wealth management groups should enforce these structures and still fail to supply a service materially superior to that available on an a la carte basis is the foundation of our value proposition and the engine of our continued growth.
In the last five years, driven by our eclectic team of highly-entrepreneurial leaders, UCAP has established fully-licensed and unconstrained entities in 7 jurisdictions around the world. Each of these entities shares in the Group’s commitment to serving the localized needs of sophisticated investors & family offices and understands the value of a maximally tailor-made approach.