As the holiday season arrives I think it’s always important to reflect on our hard work and the successes it has created; that way we can enjoy our time of rest with both a feeling of great achievement and a real confidence in the future. We’ve achieved so much at Boston this year, yet somehow 2016 looks even more exciting.

When I did this exercise in 2014 – reflecting on the year with a glass of sherry in hand – the themes were growth and diversification. As part of our long term strategy to evolve ahead of the quickly changing global marketplace, rather than reacting to it, we had announced growth in head count, a Maltese acquisition, and the launch of our own recruitment business, among other things.

One year and several mince pies later, these ventures have seen substantial success and as a result our headcount has continued to grow across three jurisdictions. Our Isle of Man office has relocated to the prestigious location of St Mary’s Court to accommodate growth in staff numbers, and the group has rebranded to Boston Multi Family Office; a move which positions us as a niche, independent, privately owned international business.

This rebrand wasn’t just a ‘cosmetic’ change; it reflects a deeply held conviction. I’ve been publicly critical of businesses claiming to be Multi Family Offices when they don’t have the background, culture, independence, or infrastructure to provide a true family office service. Our focus on diversification is creating commercial opportunities for our clients, for example Boston Link’s recruitment services are increasingly being used to complement our international structuring and fiduciary services with real ‘feet on the ground’, enhancing the ‘substance’ of our structures. We are also in the final stages of developing a corporate finance solution (Boston Merchant Capital) to help our clients find private placement co-investment opportunities, or indeed funding for their own ventures. We are purposefully not, however, moving into more product-driven areas that might compromise the impartiality of the advice we give to our clients.

So what does the future hold? In a market place characterised by significant regulatory, legal, political, and social change, Boston is able to provide solutions and structures to clients with complex cross border needs. We now have an offshore footprint in the Isle of Man, a UK office, an onshore EU office in Malta, and we will have a licensed DIFC business open in Dubai in the first half of next year. This will substantially increase our reach, as well as enhance our offering to our already substantial network of Middle Eastern clients.

So with all that behind and ahead of us, I am very proud to say the Boston staff have earned a good rest this holiday season. Whilst on that subject, I should remind our many clients in other jurisdictions across the globe that the Boston offices are closed on the following dates over Christmas and New Year:

Fiduciary and Ventures (all offices)

  • Thursday 24th December (afternoon only)
  • Friday 25th December
  • Monday 28th December
  • Friday 1st January

Link (all offices)

  • Thursday 24th December
  • Friday 25th December
  • Thursday 31st December
  • Friday 1st January

With that said, all that remains is for me to wish you all a very festive holiday season and a prosperous new year.