At a basic level, all three do the same things: invest your money, offer financial advice and save you tax.
The difference usually comes down to your level of investment and the quality of the portfolio you get.
While anyone can visit a financial planner, they often don’t have an in-depth knowledge of investment. Think of them as the all-rounder GPs rather than the niche surgeons of the finance world.
Wealth managers typically become an option when you’ve got over £500,000 to play with. With a large number of clients on their books though, they often can’t give you access to smaller, higher-quality funds with (hopefully) better returns.
Family offices are typically set up to service the specific requirements of single wealthy families with over £100m of assets to invest, and manage bespoke, high-quality investment portfolios.
We were created as a family office nearly 20 years ago, but now offer those same services to other private clients, too. We also have lower minimum investment levels than most wealth managers.
With the help of our specialist investors based in markets around the world, we’ll create a portfolio that works hard for you.