High-Net-Worth Individuals London Online Platform Goes Live
In the heart of London, a significant trend is unfolding as ultra-high-net-worth (UHNW) and high-net-worth (HNW) individuals are experiencing a notable outflow. This exodus, driven by rising taxes and political uncertainty, is impacting the city's financial, legal, and luxury service sectors [1][4][5]. Despite this trend, London remains a global hub for UHNW individuals, ranking fifth with approximately 15,695 ultra-wealthy residents [3].
Amidst this shifting landscape, the demand for highly specialized, bespoke advisory services remains strong. Wealthy individuals typically rely on specialist lawyers, estate planners, tax advisors, and private bankers who understand the complexities of cross-border taxation, residency, and investment planning [1][2]. The departure of many UHNWIs is disrupting the availability of these experts in London, prompting some advisors to relocate where demand remains or grows [1].
In response to this growing demand, a new platform, Luxury London Private Office, was launched on Tuesday, 3 June 2025. This dedicated editorial and advisory hub for UHNW and HNW individuals serves as a gateway to introduce these individuals to vetted private banks, investment platforms, family offices, and legal advisors tailored to their unique circumstances [2]. The platform offers expert-led content that is rich in information but easily digestible [2].
Meanwhile, Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is expanding its market presence with the appointment of Benjamin Faerestrand as UK High Net Worth (HNW) Household Underwriter. Faerestrand will spearhead LSM's launch into the HNW market, aiming to provide comprehensive and flexible cover to meet the evolving needs of high net worth clients' lifestyles [4].
Simultaneously, Ecclesiastical has updated its Art and Private Client policy to better serve high net worth clients. This enhanced policy is now available in the market, designed to provide comprehensive coverage that adapts to the clients' lifestyle needs [5].
Elsewhere, the independent financial planning and wealth management firm, Brunel Wealth Ltd, has been launched, targeting independent insurance brokers looking to exit their business this year [6].
As the UHNW and HNW population continues to evolve, it is clear that the need for integrated, global, and lifestyle-focused expertise remains paramount [1][3][4][5]. Luxury London Media's website, luxurylondon.co.uk, and Luxury London Private Office's dedicated editorial hub provide a valuable resource for those navigating this complex landscape. New features, guides, and expert advice are published weekly on Luxury London Private Office, offering trusted guidance in a time of change.
- In light of the ongoing exodus of UHNW individuals from London, a growing need for specialized advisors, such as private bankers and legal advisors, is being felt in other cities, which has led some advisors to relocate to meet demand.
- As the demand for bespoke advisory services for UHNW and HNW individuals continues to grow amidst the shifting landscape, a new platform, Luxury London Private Office, has been launched to provide access to vetted private banks, legal advisors, investment platforms, and family offices that cater to their unique circumstances.
