In this edition of the Wire we are looking forward not only to the year ahead but importantly also to the more distant future.
Mark Creed has produced an article on the upcoming reduction to the annual exemption amount on Capital Gains Tax and if you should consider crystalising your gains before 5th April 2023.
Marcus Carlton and Phil Patient’s articles provide some more long-term thoughts to consider. Marcus’ article on how connecting with your future self can help boost your financial wellbeing provides a different way of thinking about your financial future, whilst Phil’s article reflects on his own experiences of how to prepare children for an inheritance, looking toward the financial future of the next generation.
We have also included some common questions about crypto currency and blockchain, something that is often talked about but generally not clearly explained.
Finally, I’m sure many of you watched the World Cup in Qatar at the end of 2022. Whilst you may have been focussed on the football, there was another story unfolding around the sponsors and the need for agile marketing going forward. Our marketing manager, Stephanie, has laid out the story in our last article.
We hope you enjoy this edition and that the early forward markers for economic recovery continue to bloom and in time burst into life.
Growth at HFMC Wealth
As the weather is starting to change for the better and the plants start to emerge, HFMC Wealth have also been growing. We are delighted to announce that we have acquired R&S Associates Financial Planning Ltd which further strengthens our capabilities for serving our clients at our London office.
This is a continuation of our plan to build a growing, sustainable financial planning and wealth management business that can benefit our clients and staff from prudent increases in scale, whilst maintaining the depth of understanding and relationship that are so vital to being a successful client focussed business with a wide circle of relevant services.
The transaction, which completed on 16th January 2023, saw all R&S Financial Planning client-facing staff retained. The team will be jointly headed up by Vince Lane and Darren Berry. Vince is a Chartered Financial Planner and is an affiliate member of Resolution, the leading organisation for family justice professionals further strengthening our experience in serving families facing such circumstances.
Darren has previously looked after private clients at UBS and holds the Chartered Financial Planner status, is a designated Trust and Estate Practitioner through STEP and is a Fellow of the Personal Finance Society.
R&S advises over 100 high net worth families, many of whom have been clients for decades and, similarly to us, in some cases over multiple generations.
We would especially like to welcome all the R&S clients to the HFMC Wealth family and hope you find this, your first quarterly newsletter from us, to be insightful and informative.
