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November 30, 2021

Ince forays into private wealth space with new offering

By Verdict Staff

British legal and professional services firm Ince is entering the private wealth space with the launch of a fully integrated private wealth offering.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The offering is said to comprise a range of legal and wealth advisory services and solutions for high-net-worth individuals, families, business owners, and entrepreneurs in the UK and abroad.

The services include full service legal, wealth planning, fiduciary and corporate services, tax advisory and compliance, regulatory, private and family office, merchant banking, and reputation management.

Ince is rolling out its offering at a time the private wealth sector witnesses a slew of changes, including rapid consolidation, increasing risks, high fees, and changing regulatory landscape.

In top of this, the sector is gripped by uncertainties brought in by the pandemic as well as Brexit.

However, Ince claims that its capabilities in international legal and professional consulting services will enable it to help clients navigate such challenges.

Ince global head of private wealth Nick Rucker noted: “At a time of global uncertainty and complexity, our ability to work with clients across their financial lifecycle will help to create new value and manage risk.”

According to Rucker, the firm has a team of 80 tax, legal, financial planning and wealth management experts across its offices in nine countries in Europe, the Middle East, and Asia.

Ince CEO Adrian Biles said: “Launching Ince’s private wealth offering is a natural progression to formally bring together many of the legal, consultancy and financial advisory services that we are already providing to our clients.

“This move further strengthens Ince’s position as a fully integrated legal and professional services company and demonstrates our growth plans in complementary areas as part of this.”

In May this year, law firm Fladgate rolled a family office division in London to provide professional administrative services to its private wealth clients.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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