Rewarding our Introducers
Knightsbridge Wealth works with a small number of professionals who recognize the advantages of a community of partner firms, providing clients with an ‘expert team’ approach. Such a partnership has mutual benefits. Where legislation allows, we will reward our introducers financially too.
The close relationships that we build with our clients mean that we do not merely carry out transactions, but assist with all areas of their financial planning. We will share all initial charges with our introducers. Where there are no initial charges, we will share fee revenue from the first year.
Miss G is a Taiwanese national who wished to secure the right to live in the UK and applied for the Tier 1 Investor Visa scheme, on the old rules, requiring an investment in the UK of £1,000,000. Her Singapore based lawyer, who had been advising on immigration requirements, introduced her to Knightsbridge Wealth.
We fully assessed Miss G’s risk profile, objectives and existing investments to ensure UK arrangements complemented current planning.
Miss G’s risk profile suggested that an equity portfolio was most preferable, so we opened an account with the appropriate investment firm. Since Miss G
was going to spend more time in London, she understood the logic of having a portion of her wealth managed from the UK, by advisers who understand the
specialist UK tax requirements. On our advice, she transferred £2.5m from her existing bankers in Singapore, to our care.
We introduced Miss G to a specialist tax lawyer, an accountant to manage day-to-day affairs, and a concierge company – to help Miss G get established in the new property she had rented.
Over the next year, she decided she was interested in buying a property. We referred her to a property search adviser who located the ideal apartment in
Belgravia. Although she could buy the property in cash, it was sensible for Inheritance Tax reasons that it was supported by a loan for £1.5m that we
arranged through a Private Bank.
We built the right team around Miss G to ensure trusted relationships with a number of professionals. Knightsbridge Wealth received revenue from arranging both the Investor Visa and top up investment, a share of her mortgage arrangement fee and introduction fees from the Property Finder. The original introducer was entitled to £14,640, showing the potential benefit to those working with Knightsbridge Wealth.