International legal and professional services firm Ince has launched what it claims to be the legal industry’s first fully integrated private wealth offering for high net worth individuals, families, business owners and entrepreneurs with complex financial affairs, in the UK and abroad.
The holistic suite of wealth management solutions will provide clients with access to a single managed offering comprising comprehensive legal, tax and compliance advisory services, fiduciary and corporate services, wealth planning, banking and banking services. business, regulation, private / family office and reputation management.
Ince said in a statement on November 29 that the rollout of Ince’s private wealth offering comes at a time of significant change in the private wealth sector.
With a team of 80 legal, tax, financial planning and wealth management experts in nine countries in Europe, Asia and the Middle East, we have the ability and flexibility to provide integrated and comprehensive advice. ”
High levels of consolidation, significant fee pressures and changing client needs were altering individual access to wealth management consulting services for businesses and individuals.
A new generation of investors are demanding more value from their wealth advisers, as the increasing complexity of the ever-changing legal and regulatory landscape makes decision making more difficult.
Further, he said the role of technology and big data is transforming the way financial strategies are developed and creating new investment opportunities, but also have significant risk implications that require management and mitigation. effective.
At the same time, post-pandemic uncertainty makes long-term financial planning more complex as Brexit continues to pose new challenges for how private banking and wealth management companies manage wealth portfolios. UK and European investors and poses a myriad of challenges for international individuals. and families residing or investing in the UK.
Ince further stated that it could mobilize tax, regulatory, legal, regulated wealth advisory, investment banking and wealth structuring services into a single, transparent, global solution.
The integrated nature of the service removes the complexity and administrative volume associated with wealth management and ultimately reduces costs by eliminating the need to deal with multiple advisors – such as lawyers, accountants, corporate financiers, financial advisers and investment managers.
Its private wealth business model was therefore âtruly independent, conflict-free and advisory-drivenâ.
Nick Rucker, Partner and Global Head of Private Wealth at Ince, said: âIt is with great pride that we bring to market the first integrated private wealth management offering in the legal sector and deliver phased advisory solutions. with the economic and commercial dynamics which have an impact on modern asset management in all its forms.
In times of global uncertainty and complexity, our ability to work with clients throughout their financial lifecycles will help create new value and manage risk.
âWith a team of 80 legal, tax, financial planning and wealth management experts in offices in nine countries in Europe, Asia and the Middle East, we have the ability and flexibility to provide advice. integrated and complete to optimize the richness of the high-net. -individuals, families, business owners, entrepreneurs and others who are going through a life transition or who are simply planning their financial future.
âWe are committed to challenging the status quo and becoming the legal and wealth advisory firm of choice for these clients, both in the UK and overseas. “
Adrian Biles, Managing Director of Ince, added: âThe launch of Ince’s private wealth management offering is a natural progression to formally unite many of the legal, advisory and financial advisory services we already provide to our clients. This decision further strengthens Ince’s position as a fully integrated legal and professional services company and demonstrates our plans for growth in complementary areas as part of it. “
The Ince Group is a long-established international legal and professional services company with more than 700 people and offices in nine countries across Europe, Asia and the Middle East.