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Private Office Asset Management Limited is able to act on your behalf in advising you on investments and non-investment insurance contracts.
We offer products and services as follows:
The Retail Distribution Review (RDR) came into effect on 31st December 2012, and it applies to all advisers working in the retail investment market, irrespective of whether they are employed by banks, product providers, wealth managers, stockbrokers or independent financial adviser firms.
With RDR the Financial Conduct Authority (FCA) has introduced new rules that require firms to:
Private Office Asset Management Limited is ‘Independent’, and believes that RDR represents a positive development for the financial services industry. Its objectives and the cornerstones of its approach are in keeping with our own mission to deliver the best possible, high quality, service for our private clients.
A key requirement of RDR is that the charge for providing advice should be clearly distinguished from the charge for any other service, and in particular the FSA has been concerned that investment advisers have received commissions from product providers as a reward for the sale of certain investments.
These commissions had the potential to compromise the impartiality of the advice offered; therefore under RDR advisers are no longer allowed to receive commissions in this way.
Historically, Private Office Asset Management has provided investment services on a fee-only basis, setting out our charges very clearly, and thus we have not worked on a commission basis and we are proud to say that we were already complying with this aspect of RDR prior to its introduction.
RDR also requires firms to classify themselves as either ‘Independent’ or ‘Restricted’. The distinction between the two is that “Independent” advisers can consider the whole investment universe, product types and products by all providers in making their recommendations to clients, whereas ‘Restricted’ firms will only consider a selected range offered by a limited number of providers.
Every client facing adviser must achieve higher minimum qualifications (Level 4), complete adequate and formalised Continuing Professional Development training (CPD) and must be issued with a Statement of Professional Standing (SPS) which defines activities / advice they are authorised to provide.
Private Office Asset Management Limited is Authorised and Regulated by the Financial Conduct Authority. The Firm’s FCA Number is 650696.
The Company is Registered in England and Wales, Company Number 5901662
Visit our associated partner firms via the links below.
Private Office Asset Management Limited and Gladstone Morgan Limited have formed a Partnership to offer Individual and Corporate wealth management solutions to their clients and professional introducers via Gladstone Morgan Private Office Offshore, a trading style of Gladstone Morgan Limited, offshore Independent Financial Advisors.
Gladstone Morgan have 11 offshore wealth managers and support staff working across their offices in Hong Kong, Shanghai, Bangkok and Dubai.
Private Office acquired Austin Ryder Solicitors (established 1954) in 2018.
We provide legal services for Businesses & Individuals.
We have specialist teams working on the full legal aspects including Company Commercial, Real Estate, Dispute Resolution and Private Client.
Private Office Asset Management Limited and Simmonds (International) Financial Associates Limited have formed a Partnership whereby Private Office Asset Management provide bespoke investment management services to clients of Simmonds Private Office (Hong Kong) – which is a trading style of Simmonds (International) Financial Associates Limited.
Wing Yee Commercial Building
5 Wing Kut Street
2nd Floor Office R31-R33
299 Tongren Road
507/573 Nakhon Thai Village
1, Soi Sathupradit
31 Sathupradit Road
PO Box 49195
Al Nasr Plaza Bldg.
United Arab Emirates
“BACA” – for company funds, charity funds, pension funds, trust settlements and private portfolios that need to be managed very conservatively with above inflation returns net of fees, along with capital preservation being the overriding objectives – we are pleased to be able to put together a bespoke Private Office Asset Management low risk “Bespoke Alternative to Cash Accounts” – typically benchmarked against the Bank of England Base Rate + 2%.
We have a consistent and successful track record of protecting capital and providing real returns after inflation (although past performance is not necessarily a guide to future performance).