The modern bright lights, or a trip down memory lane?

advertorial: industry leaders

Efficient tax planning creates risk-free reward for clients. Insight outlines how a £3m portfolio can achieve 5% growth and provide a £150,000 withdrawal without attracting any CGT or income tax

Many years ago, in the days of bowler hats and starch collars, the accepted way of handling the investment portfolios of wealthy individuals was discretionary portfolios, managed by private bankers and stockbrokers. Indeed, profitable private client businesses were successfully created by a variety of institutions on the back of this premise. Over the years, client profiles and investment conditions have changed substantially and yet, the 'snob value' of this approach is still surviving. However, the continual focus on costs and what is, or what is not profitable, has altered the structure...