The Wire: Winter 2019 – New recognition, new nominations and an update to our corporate changes – the last three months at HFMC Wealth

New recognition, new nominations and an update to our corporate changes – the last three months at HFMC Wealth

NMA Top 100 Award, FT Adviser Top 100, Top 35 Adviser and Recognition by Spears 500 2020. 

We’re proud of the recognition we have again received here at HFMC Wealth, something we could not have achieved without your support. This is a fantastic validation of your decision to work with HFMC Wealth and is something that we do not take for granted. We have been recognised for a successive year in both the New Model Advisor and FT Adviser awards as being a Top 100 adviser firm. Whilst the NMA award doesn’t rank firms, we were well within the top 25 as published by the Financial Times, coming in 21st. The awards were given to recognise the firms that are doing a great job for clients as well as staff and contributing to the profession as a whole. Their research questions spanned investment to fees, training to succession planning, client education to diversity. 

Tom Hopson, has also been recognised by the Next Generation Adviser awards as being a Top35 adviser in the UK under the age of 35. They say “Hopson is one of the youngest advisers in the cohort, beating off competition from peers and external applicants, many of them more experienced, to become lead adviser at London-based HFMC Wealth… He collaborates with management on areas ranging from best advice practices to client-facing technology upgrades and back-office system processes.” 

Furthermore, we have had two of our financial planning team recognised in the prestigious Spears 500 guide for ultra and high net worth individuals in 2020. Originally conceived as a gazetteer of the 500 leading individuals in the private client fields the “Spears 500” recognises the UK’s leading private client advisers, wealth managers, lawyers and service providers. Both Phil Patient and Jeremy Hoyland have been recognised as “Outstanding in Field” for Financial Planning – a testament to their skill and commitment and the regard they are held within the ultra-high net worth sector by peers and clients alike. 

The finish line – Philanthropy 

In September, we continued our ground-breaking association with the “Veloce” charity track day at Goodwood motor circuit, as both underwriter and lead sponsor. The day raised over £140,000 for charity. Combining world famous racing drivers with some of the finest classic cars ever built, HFMC Wealth has proudly sponsored and helped drive the growth of 

this event over the past three years. More on this later in our article on philanthropy in this edition of the Wire. 

Welcoming new clients to HFMC Wealth Ltd 

We have begun consolidating our regulated entities to simplify our corporate structure. Our newest clients are now looked after by HFMC Wealth Ltd, a wholly owned subsidiary of the HFMC Group and we will gradually be transitioning existing clients across to this company. This should simplify matters for you with our in-house paperwork being streamlined and will also ease the introduction of digital services which we plan to roll out over the coming months, without impacting on our ability to deliver the service that you have come to expect from us. 

We are all keen to try and improve our green credentials and do our bit for the environment. Having just recently launched our Positive Impact portfolios we have now also launched Docusign, introducing the ability to digitally sign and approve our agreements and advice, and speeding up execution of a growing proportion of our advice for you in the process. This has been calculated by Docusign to save 612kg of wood and 13,700 litres of water per annum based on HFMC’s typical correspondence levels with clients, something I am sure you are keen to support. 

Over time, we expect the Docusign service to revolutionise the way we interact with paper and it gives us all the opportunity to go paper-free in future. Whilst we will be looking to provide access to this for all of our clients, we will of course keep the option of paper available should you prefer. 

The launch of HFMC Wealth Ltd is also helping us provide enhanced digital services to you with access to our own mobile and desktop application HFMC being rolled out to clients during 2020. In due course, this will give you the ability to access all of your financial data, on the move, 24/7. Not only will you be able to access your investments and pension and general savings portfolios, but also other aspects of your wealth like property valuations, credit cards, bank statements, insurances and paperwork. Documentation can be stored against the things it relates to, all in one place. 

So if you have a bump in your car, you can access your insurance documentation at the side of the road. If you have an emergency at home, your home insurance contact details are readily accessible at the click of a button. We want to be there for you even without being there and for the things we haven’t necessarily advised you on. 

We are now approaching the test phase of the applications, as we have been working on the infrastructure itself since the beginning of October. We would like to thank those clients that have put themselves forward as volunteers for our pilot to date, we will be in touch shortly so that you can be an early adopter in the New Year. If you are happy to provide constructive feedback and understand that it is a test and not the finished article, then please do let your Private Client Director know as we would welcome your help. 

We look forward to sharing more developments in the next edition in March.

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