UHNW Wealth Managers
Wealth Management & Private Banking
‘Our AuM is growing faster this year than last year,’ Jonathan Bell tells Spear’s. As the CIO of Stanhope Capital, which oversees around $11 billion, he looks after a select few families, as well as semi-institutional clients. ‘There’s a real worry among clients about what the long-term impact is going to be,’ he says of the Covid crisis. ‘Not necessarily the long-term impact on the market, but what happens to long-term growth rates, currency, tax rates, regulations, legislation…’ Bell says the current volatility ‘is just another nail in the coffin’ of firms that have performed poorly for years. ‘Traditional managers that had a UK or European bias are really struggling,’ he adds.
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