Nothing best UK wealth management reviews mind more than a thumping annual loss on their portfolio. Last year, UK affluent investors endured a brutal ride, with their typical balanced portfolio containing both domestic and international stocks falling around 10 per cent. It wasn’t helped by soaring global markets, inflation or homegrown shocks such as the arrival of Liz Truss as prime minister. Despite the tough conditions, most wealth managers reported steady client flows and some growth in their assets under management.

A wealth manager can help you manage your family office, investments and tax affairs. Leading firms use sophisticated digital platforms and advanced financial planning software to give you real-time access to your accounts and comprehensive oversight. They can also offer fiduciary services, investment consulting and succession planning, leveraging expert advisers from within their own networks and from outside specialist providers. They typically charge on a mid to high range depending on the complexity and scope of services.

How to Short Global Stocks and Currencies from the UK

A good wealth manager can help you make the most of your pension allowances and avoid hefty tax bills. For example, if you work abroad, they can advise how to maximise your overseas pensions while remaining within the annual and lifetime limits. They can also help you structure your property and business interests to reduce tax liability. They can even help you minimise the impact of Brexit uncertainty on your finances.