Top Ten Tax Accountants
James Hender is mindful that the next generation, with its strong social conscience and desire for change, is an important driver of attitudes in private wealth. ‘The millennials are starting to be in a position where they’ve sold out their businesses and they see the world differently,’ he says.
Perhaps the younger generation has something to teach the older: certainly Hender sees the mood of social responsibility permeating his wider client base, with clients more eager now to give back to society than ever before.
The head of Saffery’s private wealth practice also describes
a significant ‘change in mood’ throughout the City in relation to wealth. ‘People are more cautious about displaying their wealth, but they’re also considering things like philanthropy and reinvesting in new businesses,’ he says.
Hender uses his experience and calibre to educate clients on the most tax-efficient ways to make charitable gifts. The challenge, he admits, is that his clients increasingly want ‘more real-time correspondence’. He adds that the accountancy industry cannot shy away from technology.
But Hender always discerns opportunity in the changing landscape, and remains proud of Saffery’s ability to adapt.
‘What we actually do hasn’t changed – what has changed is the method and the speed of communication,’ he explains.