RBC Wealth Management has announced the launch of a full offshore investment advisory capability located in Jersey.

The Offshore Advisory Service will provide customized investment advice, execution and safe-custody of assets for RBC Wealth Management’s offshore and Trust clients that wish to be involved in the investment decision-making process. The service, which complements both the existing offshore discretionary and UK onshore advisory and discretionary platforms, marks the latest step in the development of RBC Wealth Management’s Investment business in the British Isles. Previously RBC Wealth Management offered more limited whole of market advice services in Jersey.

The team will be led in Jersey by Barry Hardisty, reporting to Lynne Jones, Head of Advisory, RBC Wealth Management. Elif Carr is also joining the team in the role of Investment Adviser, having previously worked at Standard Bank, where she dealt with a portfolio of private clients and intermediary relationships.

Commenting on the announcement, Lynne Jones, Head of Advisory, RBC Wealth Management said: “This service answers a clear client need and enables us to offer a full advisory service to our offshore and Trust clients just as we currently do in the UK onshore. Our offshore advisory capability will allow us to offer more flexibility in helping our trustees with their investment decisions.”