Clarity . Stewardship . Peace of mind
Aspinalls is a specialist financial planning practice committed to delivering highly personalised services to individual private clients and their families. We offer a sense of perspective and strategic clarity which is delivered through our long-term, consultative approach. This allows us to be truly effective stewards of our clients’ financial resources.
Clarity . Stewardship . Peace of mind
Our Approach
Filtering out the noise
A comprehensive financial planning strategy
Our Vision
Our vision is to provide comprehensive financial planning and administration services with the level of personal attention only possible from a boutique firm. We share our clients’ values and high standards. In turn they appreciate the benefits of enduring professional relationships built on discretion, trust and transparency.
In our highly complex world, few individuals or families have the expertise necessary to pull together all the know-how required to successfully manage wealth. At Aspinalls we have developed our resources specifically to give our clients full access from a single source, to all the skills needed to harness and productively manage their financial affairs.
Over thirty years of close relationships with our clients and their families have taught us many valuable lessons. We realise that by putting their wider needs first, everything else follows easily – especially fruitful and productive wealth management.
Unlike many other financial institutions, we are an entirely independent, fee-charging professional services firm. We are able to focus on the one thing that truly matters in all planning around money – the needs and aspirations of our clients and their families.
Our Services
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When first coming to us, clients will often still be working and understand they need to plan their financial affairs to ensure they are able to fulfil their future ambitions. We provide an integrated approach to managing a client’s affairs. We seamlessly coordinate financial planning with life goals with the contribution of other professional specialists whilst always giving our clients full access to those of our services that are most relevant to them.
Our Private Client service is underpinned by regular monitoring and reviews allied to objective counsel. Our clients have the security and comfort of knowing that agreed long-term goals are in hand, with financial planning and risk mitigation at the core of all that we do.
This service is built around what we consider to be the six cornerstones of successful planning:
- Crafting a comprehensive plan
- An appropriate legal framework to hold and transfer assets
- Effective tax strategies
- Institutional quality investment services and risk management
- Clear and concise communication
- Cost transparency
Over the years it is possible to accumulate numerous funds, policies and other financial instruments acquired through a series of transactional relationships that, in hindsight, seldom link back to ones intended goals. It is easy to lose sight of the reason and purpose behind each holding which may have been acquired to address a particular issue at the time.
Our Private Client service relieves our clients of much important but necessary financial administration. We act as expert adviser and discreet confidant, liaising with all parties concerned, as necessary to ensure effective delivery of the plan.
Insightful reports and analysis help our clients to understand the decisions being made and their likely impact. All of our work is based on a pre-agreed fee structure, providing total cost transparency.
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Private Office clients will typically engage the full range of services offered by Aspinalls. We don’t underestimate the challenges that significant family wealth can bring to families. The complexity of a family’s financial wealth, which will often range from financial investments to real estate and business interests, can test even the strongest relationships.
The management of a business, issues of inheritance and even philanthropic giving can give rise to divergent opinions. Over time, if not managed prudently, wealth can also weaken direction and undermine purpose in children and grandchildren who haven’t had the opportunity to strive for goals or to experience the unqiue sense of achievement that comes from overcoming challenges without the safety net of wealth.
The life cycle from building a business, enjoying the wealth that flows from it and the subsequent dissipation of that wealth, is often remarkably short – frequently over just three generations. That is why one of the most valued services we offer is wealth mentoring for younger generations.
Our Private Office service provides a long-term perspective, enabling clients to take control. We create an environment that diminishes the potential for family conflict. By helping to identify the most important family objectives both now and in the future, we ensure our service is appropriately tailored to address those priorities.
Families often have highly complex financial needs. We have a talented team of experts with the understanding, maturity and sensitivity gained over the decades which has earned us the trust of our clients.
We work with many families over multiple generations, delivering continuity, stability and peace of mind.
Our Clients
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Young Professional
Having previously worked in various roles in large corporations our client has recently secured a senior position in a large well-known company. She is young and recently married but her long-term life plan is inevitably hazy – who knows in their late twenties what they want to be doing in their late seventies? Her new job means she is now able to save some surplus income every month. A house purchase is on the cards, perhaps they will start a family, an inheritance might be on the horizon. The options are wide, and flexibility will be the keyword for her. But throughout, she will be turning to us for guidance, not just purely financial, but in many aspects of her life.
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Senior Executive
Our client was fortunate in that the international firm of which he is a senior partner has put in place a valuable retirement package which he’ll access in a few years’ time. Meanwhile he is building up significant wealth in investments and property that he is keen to protect for his children and grandchildren. His estate is facing a large Inheritance Tax bill and we have been building a plan that will make use of gifting strategies, life insurance, trusts and business property relief. He is able to keep control, either directly or as a trustee and is happy in the knowledge that his family will benefit both in his lifetime and after his death.
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Entrepreneur
Having built up a successful business our client wanted to expand his operations but needed to acquire larger premises to do so. On his own it would not have been possible, but by working closely with him and his fellow directors we structured a plan for them all to use their individual pensions to purchase new premises. The pensions benefitted from a valuable asset with a guaranteed income stream, the business was able to expand safe in the knowledge that the premises were secure, and the cost savings meant that the company was able to employ the best talent to drive the expansion.
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Divorcee
Division of assets in a divorce can be difficult, especially when pensions are involved, and it is often forgotten that both parties need to think about their own post-divorce futures. Our client held various pensions from different employments each of which had certain specific benefits, rules and restrictions. We identified that a simple split of all policies would have resulted in an unfair division and they both would have been disadvantaged. We worked with the client and his solicitor to devise a way in which the assets could be equitably split and were able to demonstrate to him how he could rebuild his pension funds to safeguard his retirement.
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Retiree
Unlike his predecessors the twenty-first century retiree does not suddenly stop work the Friday afternoon before his 65th birthday. The retirement path is now a gradual transfer from working life to golf course life, and the modern pension freedoms make this transition easier to achieve but at the same time very much harder to plan. With a portfolio of investments using different tax wrappers and pension funds, we structured a gradual retirement plan that meant our client suffered no loss in income but paid a lot less tax and gained the time to enjoy the golf course.
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Private Office
Significant wealth brings significant difficulties and complications. Our clients are a tight-knit family that together have benefitted from the father’s very successful business ventures. This means there are numerous investment structures, trusts, legal affairs and a charitable foundation that must be managed. We bring together the professionals from each sphere of expertise – legal, accounting, investment management and charity – and work with them and the family across the generations. We provide reassurance to the parents, guidance to the children and grandchildren and act as a central point of information for all.
Our Clients
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Young Professional
Having previously worked in various roles in large corporations our client has recently secured a senior position in a large well-known company. She is young and recently married but her long-term life plan is inevitably hazy – who knows in their late twenties what they want to be doing in their late seventies? Her new job means she is now able to save some surplus income every month. A house purchase is on the cards, perhaps they will start a family, an inheritance might be on the horizon. The options are wide, and flexibility will be the keyword for her. But throughout, she will be turning to us for guidance, not just purely financial, but in many aspects of her life.
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Senior Executive
Our client was fortunate in that the international firm of which he is a senior partner has put in place a valuable retirement package which he’ll access in a few years’ time. Meanwhile he is building up significant wealth in investments and property that he is keen to protect for his children and grandchildren. His estate is facing a large Inheritance Tax bill and we have been building a plan that will make use of gifting strategies, life insurance, trusts and business property relief. He is able to keep control, either directly or as a trustee and is happy in the knowledge that his family will benefit both in his lifetime and after his death.
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Entrepreneur
Having built up a successful business our client wanted to expand his operations but needed to acquire larger premises to do so. On his own it would not have been possible, but by working closely with him and his fellow directors we structured a plan for them all to use their individual pensions to purchase new premises. The pensions benefitted from a valuable asset with a guaranteed income stream, the business was able to expand safe in the knowledge that the premises were secure, and the cost savings meant that the company was able to employ the best talent to drive the expansion.
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Divorcee
Division of assets in a divorce can be difficult, especially when pensions are involved, and it is often forgotten that both parties need to think about their own post-divorce futures. Our client held various pensions from different employments each of which had certain specific benefits, rules and restrictions. We identified that a simple split of all policies would have resulted in an unfair division and they both would have been disadvantaged. We worked with the client and his solicitor to devise a way in which the assets could be equitably split and were able to demonstrate to him how he could rebuild his pension funds to safeguard his retirement.
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Retiree
Unlike his predecessors the twenty-first century retiree does not suddenly stop work the Friday afternoon before his 65th birthday. The retirement path is now a gradual transfer from working life to golf course life, and the modern pension freedoms make this transition easier to achieve but at the same time very much harder to plan. With a portfolio of investments using different tax wrappers and pension funds, we structured a gradual retirement plan that meant our client suffered no loss in income but paid a lot less tax and gained the time to enjoy the golf course.
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Private Office
Significant wealth brings significant difficulties and complications. Our clients are a tight-knit family that together have benefitted from the father’s very successful business ventures. This means there are numerous investment structures, trusts, legal affairs and a charitable foundation that must be managed. We bring together the professionals from each sphere of expertise – legal, accounting, investment management and charity – and work with them and the family across the generations. We provide reassurance to the parents, guidance to the children and grandchildren and act as a central point of information for all.
Our Team
News
Contact Aspinalls
Our Contact Details
1 King William Street
London
EC4N 7AF
[email protected]
+44 (0)20 3909 1600
Skype: aspinallsfo
Aspinalls Family Office LLP. Aspinalls is the trading name of Aspinalls Family Office LLP and Aspinalls Private Clients Ltd.
Aspinalls Family Office LLP is Authorised and Regulated by the Financial Conduct Authority. Both are part of the Aspinalls Group.