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Wealth Management

Private Banks, investment managers, financial advisers and financial planner who provide wealth management services to private clients face the dual challenge of developing and maintaining strong relationships with clients, whilst conforming to the requirements of the FCA in a highly regulated area of the financial services industry.

The Private Wealth team at Charles Russell Speechlys understands these challenges as we advise both financial services firms and private individuals.

We work with wealth managers offering products and services into the UK and wider EU market, whether or not through a permanent UK presence, providing legal and tax advice on the financial products and services they offer and on regulatory controls governing the establishment, structure and conduct of day to day business activities. We have particular expertise on the legal and regulatory issues arising in the cross-border distribution of financial products and services.

Private Banks and wealth managers come to us because we understand not just the commercial drivers of the service providers but the concerns and priorities of their clients.  Our breadth of experience and comprehensive service means that you can come to us for advice and support at any stage of your business or the relationship with your client, and be confident that we will deliver sound advice which makes sense to you and your clients.


Product structuring

Advising on the distribution of products in light of RDR, the non-mainstream pooled investment regime and national private placement regimes.

Sale of a wealth manager

Acted on the sale of Heartwood Wealth to Svenska Handelsbanken.

Restructuring of a wealth manager

Acted on the initial restructuring of a wealth manager from a company into an LLP and the further restructuring to ensure self-employed status retained following changes by HMRC to the employment status of LLP members.

Client documentation review

Assisted a wealth management firm with the rewriting of all of its current client documentation covering the full range of investment services provided by the client. This was an extremely large exercise involving a root and branch review of all existing client documentation and close analysis of all regulatory issues arising.

Providing financial products and services across borders

Advising wealth managers on the range of regulatory issues faced by overseas firms providing investment services to clients in the UK and wider EU market, and on distribution of financial products and services into the UK and wider EU market.

Investment strategies for family offices

Advised a private bank on its offering to the family office market including advice on bespoke investment strategies and policies and the structuring and establishment of private investment vehicles (open and closed ended) for families and collections of families.