Private Client Services to Protect Your Assets
As your wealth increases, your financial needs become more intricate. FormationWise understands this, which is why we have a private client service that goes way beyond helping you meet your tax obligations.
Who we are
Our team understands that there’s no one-size fits all approach when it comes to private client wealth management. For this reason, we strive to create a highly bespoke strategy that will centre around you and your family.
What we do
From the moment you come to us, we will do our best to recognise your vision, allowing our experts to develop an investment plan that’s tailored to your unique financial goals. We will listen and work with you to create a plan that reflects your circumstances.
Why you need us
A plan that will get you to where you want to be in the coming years! Every client gets access to a team of dedicated private client accountants who come backed by consultants with decades of wealth management experience. Some of the professionals you’ll work with will include a Wealth Advisory Group, Investment Specialists, and Trust & Estate professionals.
Our focus from the first day will be on wealth planning and investment management. Through this, we will get a chance to concentrate on providing superior, long-term results by making you aware of risks that may stand in your way.
Send us an inquiry today!
Place your order
Select the offshore accounting package for your desired jurisdiction
Simply choose the offshore accounting and auditing package for your desired jurisdiction by filling out our form, by call or by placing an order on our website
After finalizing the right package, make the payment for your chosen services and send us your financial details
Send your documents
Forward us all the necessary financial documents through an email with the documents attached or by phone
Start the process
Once we receive the payment and the required documents, our team will start working on the accounting or auditing service that you have ordered in your chosen jurisdiction
Get it done
Depending on whether it’s a one-time task or an ongoing financial project, our offshore accounting partners will get the job done in your new jurisdiction
Our Private Client Services Include
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Benefits of Private Client Services
The world as we know it continues to become more and more complex with each passing day. This is more so with regard to individual wealth and corresponding financial affairs. Everyone from budding entrepreneurs to employees and family offices is facing unique challenges.
What makes the situation even more compounded is the fact that some of these challenges are known, whereas others remain unknown and hidden from the public eye. Our private client legal services team understands all these challenges and the problems they pose.
With our assistance, it will become easier for you to plan for your present and future. By choosing to seek our advice and expertise today, you’ll be positioning yourself to avoid unwanted costs and unexpected issues in the future. The top benefits of this service are:
Why Choose FormationWise
FormationWise provides an extensive list of private client services that are delivered to our clients by an experienced team of accountants and wealth management experts. Our service offering includes assistance with business tax planning services and individual advice.
For new clients, there are a few reasons you may want to consider hiring us for your estate planning needs. They include the following:
An All-Inclusive Suite of Wealth Management Services
Our private client group services are extensive and range from managing family operations to personal risk analysis and business and investment management. The team works with you to develop a bespoke strategy that will allow you to manage your affairs more efficiently.
We have simplified the entire process to ensure you never have to worry about juggling your personal and professional responsibilities. With us, you’re assured that your retirement life will be stress-free and that your dependents and descendants are well taken care of.
Highly Experienced and Capable Team of Private Client Banking Experts
We at FormationWise rely on a team of highly experienced industry veterans to provide wealth management advice to all our private clients. It’s a team that comprises professionals who have spent years honing their skills and developing networks all over the globe.
No Hidden Fees
Our private clients never have to worry about incurring hidden charges as we are always clear on the pricing mechanisms. Besides providing you with a free consultation, you can trust us to communicate all the charges upfront, ensuring there are no unwanted surprises.
Requirements to Become A Private Client
When you require comprehensive fiduciary services and financial planning, you’ll want to do more than hope that you have chosen the right private client banking partner. You must trust that you have chosen the right advisor who is committed to helping you achieve your goals.
The FormationWise private client investment management team is committed and dedicated to building strong and long-lasting relationships with all our clients. But for this to happen, there are certain requirements you’ll need to meet before we can get started.
To qualify for private client consultancy, we will need to confirm that you meet specific daily and monthly averages in your investment and savings accounts. And the only way for us to ascertain this is by reaching out to our team for a more detailed consultation.
How to choose the best service for you?
Choosing the best private client advisors always seems like a complicated decision for anyone doing it for the first time. The decision is further complicated by the fact that whoever you hire will have to look after your needs and those of your family too.
What you need to do
Therefore, you are responsible for ensuring you only hire the best firm available. We at FormationWise recommend considering the following factors when hiring a private client advisor:
Level of experience
You want to work with a highly experienced team with years of experience in private wealth management.
The number of services provided
The best private client advisors are those who are in a position to offer an all-inclusive list of services and not just a single service that limits your options.
Efficiency and reliability
Look into the reputation of the team or company you want to hire. A search on Google should reveal some past reviews about the firm.
It’s in your best interest to learn about all the applicable fees and other related expenses beforehand. This way, you get to avoid paying hidden charges and costs.
How Does It Work?
The private client group generally refers to individuals, business owners, estates, high-net-worth individuals, families, charitable organizations, trusts, and pension plan sponsors. It also includes corporations and other types of companies.
At FormationWise, we often require clients coming to us for this service to have a minimum of £ 41,185 in their savings or investment accounts. But please note that our team of consultants deserves the right to waive the aforementioned minimum.
Your individual wealth – as measured by your money and assets – needs to be managed for it to grow and increase its worth. Wealth management refers to the procs involved in appraising and making decisions related to your wealth to enable you to attain your long-term financial goals.
Oftentimes, wealth management requires you to work with a wealth manager who can provide you with services such as estate planning, tax planning, and individual advice. The primary goal here is to enable you to protect your wealth and attain financial security.
The question of whether or not to enlist the help of a wealth manager will depend on your goals and your current financial situation. Keep in mind that working with such a professional can allow you to strike a balance between your personal and professional responsibilities.
As a high-net-worth individual, the chances are that you already have a financial director or accountant working for you. While this professional will come in handy in managing your business expenses, you still need someone to offer you individual advice.
A private client tax consultant can liaise with the above professional and devise a way to separate your personal funds from your business funds. They can also brainstorm on how to invest your business assets more efficiently.
For example, if you’re earning an income from dividends, the wealth manager will want to know how you have set this out for them to advise you on possible tax implications. Please note that their primary focus will remain on you and not on your company.
A business advisor or consultant is a professional whose job is to plan and execute business strategies that will improve efficiency in a business’s financial and operational management. Their responsibilities include performing risk assessments, preparing budgets, and advising on projects.
On the other hand, a private client advisor is a professional who works with high-net-worth individuals to manage their money, assets, and other investments. These professionals usually are the employees of a large bank or an independent company such as FormationWise. Their duties may include preparing tax returns and providing financial advice.
The FormationWise private client legal services professionals provide hourly and fixed fee compensation packages, depending on what you want to be done. When it comes to financial planning, our hourly fees range from £82 to £411.
Our fixed fees fall in the range of £205 to £20,577. Remember, how much you’ll pay will depend on the service you need. However, you can trust us to provide you with a detailed cost breakdown structure before we start.
The breakdown structure is to guarantee an open and fair pricing policy.
It consists of highly customized financial products and services tailored to the needs of high-net-worth individuals of a financial institution or retail bank. Private banking includes a broad range of services, such as estate planning, wealth management, and tax services.
Although this service is primarily aimed at an exclusive clientele, brokerages and consumer banks can tailor it to meet the needs of different clients. The offering is made available to the public through special departments dubbed ‘wealth management’ or ‘private banking.’
Charitable planning gives you the freedom to support all the charitable causes that matter to you without worrying about using up all your retirement savings. Some of the top benefits offered by this service are:
I. Reduce Taxes: Depending on how you have planned your donations, there are donations that are exempted from tax filings.
II. Make an Even Bigger Impact: Charity planning will allow you to explore how you can join others in making a more significant impact in society.
III. Ensure Your Family is Provided for and Reduce their Challenges: It ensures your dependents are provided for while making clear your plans on how you want your money to be spent.
Advisors offer exceptional advice whenever you find yourself getting confused or emotional on matters related to your estate or wealth management. A FormationWise private client banking consultant will ask you questions to understand your needs and financial goals.
Your answers will guide them in preparing an investment strategy for you. Other benefits of hiring an advisor include the following:
• Specialised expertise
• Proactive financial planning
• Get a viable return on investment
• Unburden yourself and your family from financial stress
Estate planning refers to the process involved in clarifying what will happen if you become incapacitated or when you pass on. Those involved will be people who are well-versed in your goals, concerns, and existing assets.
The process can include a handful of professionals ranging from a life insurance advisor to a private client legal services expert and accountant. It covers a variety of matters, including the transfer of property at death, including how you want your will dispensed.