Investec said the launch of Private Office was the result of extensive market research which showed that this fast-growing sector of the entrepreneurial HNW market was being under served and under-represented.
Private Office will have access to the services of the wider Investec Group and offer a range of services – both onshore and offshore – which have traditionally been available only to clients with a significantly higher net worth.
These include bespoke discretionary portfolio management, wealth structuring, private banking, financial planning, corporate finance and banking, philanthropy advice, foreign exchange and institutional brokerage.
“Private Office addresses a clear market need for an integrated service targeting successful entrepreneurs and business owners, the sports and media sectors and those specialising in alternative finance such as private equity or hedge funds,” said Andrew Butler-Cassar, divisional director – Private Office, Investec Wealth & Investment, which is part of the Investec group.
Investec Wealth & Investment has around £25.4 bn of client funds under management at September 30th 2014. Its new Pivate Office service is supported by a core and growing team of 19 professionals.
“The team behind Private Office has the experience and professionalism needed to ensure that higher-net-worth individuals and their families receive the very highest quality service and advice,” Butler-Cassar said.
