Originally published: Wealth Briefing, 12 May 2025
After changes were made in last year’s Autumn Budget to inheritance tax (IHT), UK wealth manager Rathbones has just released new research looking at the impact of the increasing complexity surrounding family inheritance on bespoke investment services.
Research by Rathbones reveals that almost all (97 per cent) of independent financial advisors surveyed expect demand to rise for bespoke portfolios managed by third-party wealth managers, due to the increasing complexity of inheritance tax (IHT) for families.
The research found that advisors are finding managing growth and tax efficiency in larger client portfolios more demanding following changes to tax relief on pensions and estates.
Rathbones, which manages £109.2 billion ($145 billion) of assets, commissioned independent research agency Pureprofile to interview 100 UK IFAs and financial planners including 75 who currently offer bespoke investment management/discretionary fund management services. Rathbones’ bespoke investment management is typically designed for clients that have £300,000 or more to invest.
