SANNE’s Craig Farrell named in 2018 eprivateclient Top 35 under 35
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Phil Le Vesconte
Senior Director, Private Client
Phil is a Senior Director in the Private Client Division.
Phil has over 20 years’ experience in the offshore fiduciary industry, looking after a diverse portfolio of UHNW clients. He has experience of managing a variety of structures including private trust companies, reserved powers trusts and limited partnership structures and clients including entrepreneurs, wealthy families and senior executives in financial services . He has expertise in managing a wide range of asset classes including property, privately owned businesses and quoted investments.
Phil qualified as a chartered accountant with a big four accountancy firm in 1992, following which he spent 11 years with a leading privately owned Channel Islands fiduciary business where he was a director and shareholder. More recently he spent 10 years with a major bank owned trust company where he was responsible for leading a team of six directors and developing trust business with clients from Eastern Europe. He joined SANNE in 2015.
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Phil Le Vesconte's specialisms
Our in-depth knowledge and practical experience means we are highly adept at delivering the best solutions. We establish trusts in a number of key global jurisdictions for a wide range of clients.
Through our network of offices, and via our expert partner firms, we establish corporate vehicles in all of the major international financial centres.
A foundation can be an effective planning tool for private wealth, asset protection, charitable reasons and, in some jurisdictions, may be used for commercial purposes.
A foundation shares the characteristics of a trust, in that it does not have shareholders but instead has a founder and beneficiaries. It also has its own legal personality and the ability to enter into contracts in its own right. A foundation is run in accordance with its regulations, by a council as opposed to directors or trustees.
Our dedicated Private Client business experts provides guidance to support donors as well as assistance with some of the practical steps necessary to turn their aspirations into reality. Our philanthropy service covers the following areas:
We can help articulate what is important to donors and explore how best to achieve their goals. This might be a specific area of need, or it might be the involvement of family members or the creation of a personal legacy
We can aid in the selection of charities best positioned to receive funds or work with donors, based on research or meetings with other donors and experts. Having better command of an issue might well lead to more rewarding giving.
Assessment and Monitoring
We can assess the level of support required and monitor whether donations are being used as was intended. Regular review and progress reporting can help to maintain momentum.
We can administer day to day charitable or philanthropic activities, whether in dealing with unsolicited requests for support or with the governance of trusts or foundations. This is particularly useful for donors who, because of other commitments, find it hard to spare sufficient time on an ongoing basis.