WE Family Offices’ Wealth Planning Executive Joseph Kellogg Discusses the Need for ‘Cross-Shore’ Wealth Services in STEP Journal

March 1, 2015

In an opinion article published in STEP Journal, Joseph Kellogg, WE Family Offices’ wealth planning executive and treasurer of the STEP USA Board of Directors, contemplates the need for ‘cross-shore’ wealth services to evolve with the changing landscape of wealth management. In a global economy where many wealthy families are investing internationally and residing in different jurisdictions, Mr. Kellogg explains why firms are increasingly becoming outdated, and what they can do to stay ahead of the trend.

The future of the offshore industry might be better understood from the findings of the US International Trade Commission on the ‘global legal services market, Mr. Kellogg asserts. “Success will go to those professionals who are able to follow the business and fundamentally redefine their business processes.” Ultimately clients need better efficiency, predictability and cross-effectiveness in the delivery of their financial needs. This will require a shift in the industry.

To read the full article, please click here: http://www.step.org/evolution-action

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