Advanced Wealth Management is a complete wealth management proposition designed to compete with private banks and family offices and bills itself as a one stop-shop for advice and strategic tax and investment planning.
The service will target both corporate and private clients with complex investment and tax situations with a more sophisticated investment outlook and a portfolio of 500,000 upwards.
It will look to migrate existing AWD Chase de Vere clients with portfolios of 500,000 plus across to the new proposition.
For income and inheritance planning, clients will be required to have earned over 1m gross over the last four years, over 150,000 in the current tax year or have taxable estates of 500,000.
Advice outside the scope of the services quarterly service meetings will be charged a fee agreed in advance and linked to client aims and objectives. If the clients objectives are not met the fee reduces.
Portfolio management for investments up to 1m are charged 4 per cent initial charge, reducing as the size of investment increases.
At launch AWM has secured alliances with an estimated 10 tax pracitioners and total wealth managers to provide clients with specialist expertise.
AWM comprises of two chartered and certified planners and a team of six technical and administrative operations staff and a senior business manager.
Advisers working for the new service have a minimum industry qualification of chartered financial planner and certified financial planner.
The firm says socio-ethical or green investment policy for companies and individuals will be a key growth opportunity for the service.
Advanced Wealth Management managing financial consultant Markas Gilmartin says: People have lost a load of money, theyve paid a lot of tax and theyre getting nothing from the banks. The economic and legislative background is getting increasingly complex so this is the perfect time to be launching.