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Wealth Management House Rolls Out Suite Of UK Investor Visa Services, Cites Booming Demand

17 March 2015

Wealth Management House Rolls Out Suite Of UK Investor Visa Services, Cites Booming Demand

The UK-based wealth manager, which has ties with the Americas and Asia, has rolled out a new UK investor visa suite of services as demand surges, it says.

Wealth manager London & Capital has launched three new investor visa services, saying that it is responding to rising demand from international investors seeking permanent UK residency.

The London-based firm said that 2014 saw a 30 per cent increase in investor visa cases and the market for such high net worth visas - sometimes dubbed "golden visas" - continues to develop in dozens of jurisdictions worldwide.

The UK scheme, which has attracted ongoing political scrutiny, has seen numerous adjustments over recent years in line with the evolving needs of international citizens, tax changes and a drive for commerciality. London & Capital, which has made a focus in recent years of cross-border wealth structuring advice and investment, such as for expat Americans and for people with complex financial affairs involving the US, launched the range of visa services to help the “changing and growing demand from international clients”, it said in a statement.

“We’re seeing an increase in demand from international clients looking to attain permanent residency through the investor visa scheme, but not all require the same level of attention. Some may just require the investor visa transactional services in place, whereas others require full relocation services to the UK,” said Mark Estcourt, executive director and founder of the international wealth and immigration division at London & Capital.

London & Capital’s "passive investor visa" is aimed at those who require the visa alongside a quick and convenient service, but are not interested in active investment management. Offering a minimum level of transactional service, the product is solely invested in UK gilts. The "active investor visa" service has been developed for investors seeking an active mandate and some control of their portfolio, with regular interaction with their investment manager. The portfolio is invested in UK bonds and equities.

The third of the series, the "comprehensive family office service", is aimed at families who require full support in their transition to the UK and investment expertise. Investments will comprise UK and global stocks, and clients will have access to legal, tax, property, insurance and concierge support. The service will provide investors with “unlimited” meetings and phone calls with their investment manager, the firm said.

“Each client has unique circumstances so we have developed our services to tailor to the different needs, making it clearer for both clients and immigration professionals we work so closely with. This is a particular specialism for London & Capital and we’re proud to be able to deliver these new tailored services to our clients and prospective clients around the world,” Estcourt continued.

Investors will pay an annual charge of 0.75 per cent, 1 per cent and 1.25 per cent respectively for the passive, active and comprehensive services.

Besides its work in the UK and US, London & Capital also operates in Asia.

 

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