Most clients who have created wealth through hard work, inheritance or long-term saving, have one thing in common, and that is that preservation is first prize.
For PW Harvey & Co, wealth consulting is all about diversification and structure.
Diversification is achieved by investing in different asset classes such as shares, unit trusts, investing in different currencies etc. Every client is different, but in most cases, we look at having at least 30% of our clients’ investments directly offshore.
When we talk about structures, we like to make use of local and offshore trusts to hold clients’ assets, thereby reducing estate duty. We also use life wrappers, which reduces capital gains tax, income tax and helps to avoid using solicitors on death, to transfer assets.