Tax-efficient investments could become 'silently mainstream' - Alex Davies

'Entrepreneurialism back in fashion'

Jayna Rana
clock • 2 min read

Alex Davies, co-founder and chief executive of Wealth Club, has outlined expansion plans as the company celebrates its first anniversary.

The ex-Hargreaves Lansdown pensions head, who set up tax-efficient investments service Wealth Club with former Charles Stanley Direct head of investment research Ben Yearsley, said there are still many opportunities in this "untapped market". He said: "We will probably look to offer some sort of discretionary management service or build our own platform exclusively targeting high-net-worth investors. We want to become the number one place for them, like Hargreaves Lansdown but for the slightly wealthier type of person." Davies also believes these investments will become "silently main...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Inheritance tax receipts hit a record of £7.5bn as 2023/24 year ends

Inheritance tax receipts hit a record of £7.5bn as 2023/24 year ends

‘IHT is the tax gift that keeps on giving as record receipts have been banked’

Hope Coumbe
clock 23 April 2024 • 2 min read
Don't let these five tax changes slip through the advice net

Don't let these five tax changes slip through the advice net

Changes to tax policy advisers need to be aware of

David Downie
clock 18 April 2024 • 3 min read
Minimising clients' IHT liabilities: Where there's a will there's a way

Minimising clients' IHT liabilities: Where there's a will there's a way

There are ways to mitigate an anticipated inheritance tax bill

Richard Burgess
clock 08 April 2024 • 4 min read