Tuesday, 17 September 2013 11:33
Broadstone launches Private Client Office for wealthier clients
Broadstone Pension and Investment has launched its Private Office operation to help wealthier clients and international clients based in the UK.
Through a combined pool of recommended and referenced professionals, the Private Office will coordinate and advise on a broad range of matters. Advice will range from dynastical planning, legal issues and investments to asset purchase, security and travel arrangements.
The Private Office will be led by Mike Batchelor, head of private office, and include Simon Davies and Chris Mascarenhas, who are partners in the private client team. Mr Batchelor has held several senior positions in the wealth management and private banking arena. He is also a founding member of The Stewardship Group, a network designed to support the entrepreneur community. Mr Davies is a member of the private client management executive and inaugural member of the investment committee.
The Private Office will provide access to the following services:
· Tax Strategy, including consultancy, income tax planning, IHT planning, emigration, and restructuring of family businesses
· Investment, including appointing asset managers, Investment consultancy, advice and guidance on private equity, property sourcing, benchmarking, cash management, and asset allocation
· Succession and transfer, including assistance with business sale, trustee services, dynastical planning and governance
· Administration, which will include mentoring and education (for children of clients), event organisation, and coordination of professional advisers.
Broadstone says the benefits to clients will include a single point of contact, access to a network of experts, bespoke, private tutorials for clients and their families to provide education around financial structuring, asset purchase, generational planning and investments and an "institutional-quality" investment team.
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Mike Batchelor, head of Private Office, said: "Today represents a significant development in the services we provide to our clients. The financial affairs of our clients are often complex and we know that releasing time for them is valuable. People understand the value of good advice and the complications that possessing any form of wealth can bring. The Private Office service is unique and similar to having access to your own personal financial director, chief operating officer and independent sounding board."
The new Private Office Service is anticipated to be of particular interest to the international community in the UK. Mr Batchelor said: "There remains strong international interest in the UK both for its investment opportunities and as a quality place to live. London has always been perceived as a leading financial centre, but we are now starting to see areas outside of London benefit from these inflows. Good local support is key to success and our service stands ready to assist these individuals."
Through a combined pool of recommended and referenced professionals, the Private Office will coordinate and advise on a broad range of matters. Advice will range from dynastical planning, legal issues and investments to asset purchase, security and travel arrangements.
The Private Office will be led by Mike Batchelor, head of private office, and include Simon Davies and Chris Mascarenhas, who are partners in the private client team. Mr Batchelor has held several senior positions in the wealth management and private banking arena. He is also a founding member of The Stewardship Group, a network designed to support the entrepreneur community. Mr Davies is a member of the private client management executive and inaugural member of the investment committee.
The Private Office will provide access to the following services:
· Tax Strategy, including consultancy, income tax planning, IHT planning, emigration, and restructuring of family businesses
· Investment, including appointing asset managers, Investment consultancy, advice and guidance on private equity, property sourcing, benchmarking, cash management, and asset allocation
· Succession and transfer, including assistance with business sale, trustee services, dynastical planning and governance
· Administration, which will include mentoring and education (for children of clients), event organisation, and coordination of professional advisers.
Broadstone says the benefits to clients will include a single point of contact, access to a network of experts, bespoke, private tutorials for clients and their families to provide education around financial structuring, asset purchase, generational planning and investments and an "institutional-quality" investment team.
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Mike Batchelor, head of Private Office, said: "Today represents a significant development in the services we provide to our clients. The financial affairs of our clients are often complex and we know that releasing time for them is valuable. People understand the value of good advice and the complications that possessing any form of wealth can bring. The Private Office service is unique and similar to having access to your own personal financial director, chief operating officer and independent sounding board."
The new Private Office Service is anticipated to be of particular interest to the international community in the UK. Mr Batchelor said: "There remains strong international interest in the UK both for its investment opportunities and as a quality place to live. London has always been perceived as a leading financial centre, but we are now starting to see areas outside of London benefit from these inflows. Good local support is key to success and our service stands ready to assist these individuals."
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