Skip to content
International Adviser
  • Contact
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

Jersey IFA investigated for selling Providence Investment Funds

By Mark Battersby, 12 Aug 16

Jersey’s financial services regulator has launched an investigation into the sale of the Providence Investment Funds to clients of Jersey-based independent financial adviser firm Lumiere Wealth.

In 2015 Lumiere Wealth (London) was launched in the UK, the same year as the Jersey company was established.

The Providence Group website also stated plans to launch Lumiere Wealth (MENA) “soon” in Dubai.

Providence Group, a financial services and trading global group with 28 offices worldwide, was launched in the US in 2004 by Brazilian lawyer Antonio Buzaneli, specialising in secured business lending primarily in the US, Brazil and Asia.

In December 2014, Providence bought Guernsey based Fund Corporation to establish a new headquarters on the Channel Island. Following the acquisition, Providence rebranded Fund Corporation as Lumiere Fund Services which provides outsourcing fund administration services for asset and investment managers as a division of the wider group.

Providence Investment Funds PPC was set up in Guernsey in 2012.

Pages: Page 1, Page 2

Tags: Jersey | Lumiere Wealth

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Latest news

    Tax experts warn record CGT receipts could ‘leave hole in fiscal plan’

    Latest news

    Utmost urges government to extend Temporary Repatriation Facility

  • Inheritance tax written under torn paper.

    Latest news

    Families could face 91% tax hit on inherited pensions from April, NFU Mutual warns

    FCA building and logo

    Industry

    FCA issues fresh warning over unregulated loan notes following firm failures


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser. Site managed by Furness Media