Top Ten HNW Wealth Managers
‘Working with Americans is complex because they’re taxed globally by the US irrespective of residency– we’re very well set up to invest wealth in a rational and tax-efficient manner efficient for Americans in the UK,’ says Josh Matthews, who co-founded Maseco Private Wealth in 2008 and won the Spear’s High Net Worth Asset Manager of the Year award in 2019.
The firm has deep expertise in multinational matters, providing a comprehensive service which devises strategies for clients depending on their individual needs, investing globally and arranging custody of assets across various jurisdictions in order to optimise their portfolios. It’s an approach that works: ‘We currently manage over $1.75 billion in client assets, up more than $250 million since January 2018.’
He says the political uncertainty in the UK is affecting his client base: ‘Although London is unique and still a powerful global financial centre, we’ve seen some clients move to Portugal, Paris, Geneva and elsewhere.’
Dubbed a ‘creative thinker’ by peers, Mathews spearheaded the drive to make Maseco the UK’s first benefit corporation in financial services, which he achieved in 2014. ‘It not only looks after profit, but the community, as well as members, stakeholders and employees,’ he explains of the accreditation, which encompasses a positive impact on society, workers, community and the environment. ‘It’s not just on cost,’ he explains. ‘You’re saying, “What is their ethos as a company?”’