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Filtering out the noise

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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.

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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

Our approach is refreshingly different. We provide our clients with clarity, hel...

Filtering out the noise

Our approach is refreshingly different. We provide our clients with clarity, helping them to uncover their true ambitions and to then structure their affairs to ensure their wishes can be fulfilled. New clients will often have recently experienced a significant change of circumstances such as the sale of a business, bereavement or divorce, and will benefit from our help filtering out the resulting noise. Conflicting opinions and the pressure to act quickly can be unnerving. We diffuse such concerns and provide a fresh perspective; indeed, we will often advise clients to do nothing, to take stock and to thoughtfully reassess their options and the implications of their decisions. Regular meetings ensure we build a complete picture of clients’ affairs and truly understand their needs before we prepare their bespoke strategy. Our advice is all encompassing and can include financial planning, investment consultancy, wealth management, intergenerational wealth planning, philanthropy, tax planning and ownership structures – all with risk mitigation at the core. All clients are assigned a lead financial planner, supported by our team of specialists, to ensure their needs are efficiently fulfilled. Many of our clients have been with us for decades and across generations, illustrating the enduring relationships we develop, the integrity of advice and excellence of service we deliver.

Filtering out the noise

A comprehensive financial planning strategy

Wealth is much more than money. It’s not just something we exchange for a prod...

A comprehensive financial planning strategy

Wealth is much more than money. It’s not just something we exchange for a product or a service: wealth is a resource, a frame of mind, a power that can serve and strengthen or it can consume and de-stabilise lives. It can provide freedom of choice and deepen family bonds but, equally, can lead to conflict. Winston Churchill is famously quoted as saying, “he who fails to plan is planning to fail”. It is this simple truth that could mean success or failure for a wealthy individual or family. Yet, although it is a simple truth, it is not a simple thing to do. In every aspect of life, knowing how to plan and, more importantly, where to turn to for advice, are critical factors in achieving ambitions. A long-term strategic plan will help to preserve the emotional wellbeing of a family through the successful stewardship of wealth across current and future generations. Without unbiased strategic thinking, the psychological comfort that financial security brings can easily slip into complacency. It is this that can lead to the eventual dissipation of hard-earned resources. Armed with a thorough understanding of the needs and aspirations of our clients, we work with carefully selected professional partners to devise and implement a comprehensive financial planning strategy. We then monitor and review the plan taking into account any changes in needs or circumstances as they arise.

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

  • 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.

  • 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

  • Young Professional
  • Senior Executive
  • Entrepreneur
  • Divorcee
  • Retiree
  • Private Office
  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

  • Young Professional
  • Senior Executive
  • Entrepreneur
  • Divorcee
  • Retiree
  • Private Office
  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

News

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Technical Note 3 – An unpleasant birthday surprise

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Technical Note 2 – Phased Pension Withdrawal

How you can access your pension bit by bit and get extra tax free cash.

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Finance Bill 2017

A look at some of the Budget measures dropped from the Finance Bill.

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Technical Note 1 – Residence Nil Rate Band

What is it and how you might benefit?

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Spring Budget Commentary

Our thoughts on some of the Budget measures.

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Contact Aspinalls

Our Contact Details

43 Brook Street
London
W1K 4HJ

info@aspinallsgroup.com
+44 (0)20 8173 4482
 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.

  • David Aspinall

    Executive Chairman

    David is founder and Executive Chairman of Aspinalls Group Ltd and Managing Partner of Aspinalls Family Office LLP. With over 35 years of experience in personal financial planning and wealth management, David was previously Managing Director of Hambro Fraser Smith, a national firm that pioneered financial planning joint ventures with legal and accountancy practices.

    David is Chairman of the Peter Sowerby Foundation, a significant UK charity with a particular interest in primary healthcare innovation, communities and the arts. He is also a trustee of the National Youth Choirs of Great Britain as well as acting as executor and trustee to many clients, their trusts and charities. A music graduate and former college organ scholar, David remains an active organist, pianist and choral conductor and also has a keen interest in gardening, historic designed landscapes, archaeology and the performing arts.

  • Beverley Aspinall

    Director

    Beverley was appointed a Director of Aspinalls Group in June 2012. She is also a non-executive Director of Foyles. She was Managing Director of Fortnum & Mason PLC from 2004 to 2012 and, prior to that, Managing Director of Peter Jones, part of the John Lewis Partnership.
    Beverley is a graduate of the University of York and also holds an Honorary Doctorate of Business Administration.
    She has two adult children and her interests include classical music and developing her garden in Norfolk.

  • Matthew Parden

    Chief Executive Officer

    Matthew qualified as a Chartered Accountant after graduating from the University of Liverpool with a degree in Physics. He has over twenty years’ experience in the financial services industry including CEO and CFO roles in wealth management and private banking. In addition he holds the Certificate in Financial Planning qualification through the Chartered Insurance Institute and has advisory experience in both management consultancy and corporate finance.
    Matthew is Chief Executive Officer of Aspinalls Group Ltd.

  • Madelaine Bacon

    Operations Director

    Madelaine has over 16 years experience in the Financial Services Industry covering advisory as well as operational management functions. She has the full FPC and CeMAP qualifications and has extensive people and resource management experience having worked for a number of large financial organisations.

    Madelaine is responsible for maintaining our high standards of communication and client experience as well as all administration and operational matters.

  • Michael Ast, Chartered FCSI

    Head of Investment

    Michael has over eleven years’ experience in the wealth management industry. He began his career with one of Canada’s largest wealth managers before arriving in the UK and London in 2009, where he spent over six years working in private banking as a Discretionary Investment Manager with significant experience advising private clients. Michael is a member of the Chartered Institute for Securities and Investment and holds the Chartered FCSI designation.

  • Mark Creed, MCSI, CertPFS (DM), APFS, Chartered Financial Planner

    Senior Financial Planner

    Mark has been advising clients at Aspinalls since 2010 and has been providing comprehensive financial planning to wealthy individuals and families for over 15 years. Mark is a Business Management graduate, a qualified mortgage adviser and holds Chartered Financial Planner status – the gold standard in financial advice.
    Mark has worked at a large national firm along with boutique wealth management firms and has advised a wide range of clients at different stages of life. Mark spends time away from work with his family and when time allows playing football.


  • John Williams

    Chief Financial Officer

    After graduating in Physics at Bristol University, John Williams trained as a chartered accountant with Dearden Farrow, a medium sized London firm. After qualifying he became a partner with Fraser Russell (now Baker Tilly). Recently he has specialised in working with smaller growing companies, advising them on all aspects of finance.

    Outside work John enjoys cookery and the theatre as well as playing as much cricket and tennis as his body will permit.

  • Philip Chandler, APFS, Chartered Financial Planner, APP, CFPTM, Chartered MCSI

    Technical Planner

    Philip has worked in financial services for getting on for two decades, which he says makes him feel old. So he now visits the gym regularly and, when it’s not raining, snowing or blowing an icy gale, cycles the (almost) 8 miles to work.

    Philip provides the technical expertise and knowledge that underpins the advice that Aspinalls provides. He has gained Certified Financial Planner and Accredited Paraplanner status from the Institute of Financial Planners, Chartered Financial Planner status from the Chartered Insurance Institute and has Chartered MCSI status from the Chartered Institute for Securities and Investment. In addition he has gained the Certificate for Financial Services from the Society of Trust and Estate Practitioners (STEP).

    Philip is a music graduate who served for 9 years in the Central Band of the Royal Air Force, prior to joining the financial services profession. He maintains his musical interests, playing the double-bass with some of London’s finest non-professional orchestras.

  • Katrina Skivington

    Finance Manager

    Katrina brings over 15 years experience of management accounting in both the commercial and not for profit sectors. Katrina’s primary role is to support both our Chief Financial Officer and the management team in providing comprehensive, timely and accurate management accounting information.

    Outside work, Katrina’s interests include running and yoga and she is currently attempting to learn to play the accordion.

  • Carolyn Bryan

    Administration Manager

    Carolyn joined us from a senior technical position at UBS Wealth Management. She has worked in financial services for many years, principally looking after the needs of high and ultra high net worth clients.

    Carolyn is a keen Salsa dancer and is currently learning Portuguese.

  • Kate Mellor

    Senior Administrator

    Kate has many years of experience in office administration, primarily in the luxury retail sector. She has worked for Senior Directors as a PA and Office Manager and brings with her a commitment to the highest level of customer service and attention to detail.

    Kate juggles her work life with looking after two young children and is an active member of the Parents Association at her son’s school.

  • Shanni Dhoofer

    Administrator

    Shanni brings a variety of administration and customer services experience to Aspinalls and provides assistance across the administrative team. Shanni’s previous experience in administration and client facing roles has equipped her with excellent organisational skills and a hands-on approach.

    In her spare time, she enjoys travelling, running and developing her culinary skills.