Arbuthnot
Latham

An independent review by our team of experts

The services provided by Arbuthnot Latham can be broadly divided into four categories:

International
Individual
Businesses
Wealth management

They are well-known for their private banking services.

These services can be summarised below:

Current and savings accounts:
Arbuthnot Latham claim to offer clients responsive and convenient banking that allows individuals to open joint current and savings accounts in a wide range of currencies.
Lending:
Private clients with Arbuthnot Latham can borrow for the long-term and get flexible lending solutions that help them grow their wealth. They mainly offer loans, overdrafts, Lombard lending, mortgages and other lending services.
Wealth management:
Arbuthnot Latham claims to support clients who are looking to grow their wealth, reach their financial goals, are planning for their retirement and have other investment needs. Their wealth planners aim to help clients curate personalised portfolios and other wealth management services.
Commercial banking:
Arbuthnot Latham offers private banking-style commercial banking to UK owner-managed businesses with a turnover of >£1m. This includes services to help them with their everyday banking needs, lending, deposits, treasury, FX, etc.

Under wealth management, Arbuthnot Latham covers a range of services that they claim helps clients preserve and grow their wealth.

This includes:

Protection planning:
It claims to help clients have a plan in place to protect their wealth and health. They stress the importance of securing family finances in the event of unforeseen illness or premature deaths. Arbuthnot Latham also offer expert advice to clients who want to define their legacy and promote certain causes (we would recommend reading the expert verdict).
Investment planning:
Arbuthnot Latham claims to help private clients design a wealth plan and investment structure that suits their individual needs. Under this service, they cover tax efficiency, savings, investments and drawdown strategies.
Retirement planning:
Arbuthnot Latham say that they use cash flow planning to help clients understand their retirement options and plan for their future in a way that allows for flexible and tax efficient withdrawals.
Estate planning service:
Arbuthnot Latham claims to review where a client is now and where they are going, to identify their options and create an estate plan that suits their needs. This includes lifetime gifting, wealth transfer, tax mitigation and other strategies based on the private clients needs.

Arbuthnot Latham charges an account maintenance fees for private clients that can be summarised below:

Services	Fees*
Account maintenance	The monthly account fee is £50 NOTE: There is no monthly fee if you have £500,000 or more invested, saved or borrowed from Arbuthnot Latham.

*You can learn more about their fees in the documents section of this review.

Arbuthnot Latham also provides online banking solutions to private clients like funds transfers, temporary card blocking, transactions data, international payments, balances and creating standing instructions.

Their private banking support team is said to be available from Monday to Friday between 9am-5pm to assist clients with all their needs.

They also provide mobile banking solutions through a secure app for Android and Apple.

NOTE:

We would highly recommend reading the 'expert verdict' section of this review to make an informed financial decision.

Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:

Academic evidence only shared with a select few firms across the world
A real-life example of why you should never try to outguess the market
Why a fund's past performance is not enough to predict future returns
Why you need to focus on what you can control and why this leads to a better investment experience
Why you should accept the markets for what they are
What can impact behaviour and make people seek instant gratification

The Pros

> Global access

> e-Banking

The Cons

> Expensive

> Not the best way to invest

> No local presence

> Lower service levels

What is the base currency of a portfolio with Arbuthnot Latham?

The base currency of your portfolio with Arbuthnot Latham would be Sterling.

However, you can give in writing and specify otherwise.

What are the types of investments Arbuthnot Latham help with?

Arbuthnot Latham can help with the following investment types (but are not necessarily limited to it):

Company shares
Stocks
Bonds
Notes
Certificates of deposits
Eurobonds
Treasury bills
Warrants
Mutual funds
Unit trusts
Open-ended investments
Venture capital and private equity
Precious metals
Commodities
Bullion
Gold coins
Derivates

Their website has more information about it but would highly recommend reading the expert verdict section of this review before you leave.

Can I cancel my private banking agreement with Arbuthnot Latham?

Arbuthnot Latham state that you can cancel your agreement within 14 days of the contract date or the date you get your copy of the terms.

The transactions already initiated will be completed on cancellation and no charges will apply in the case of such cancellations.

Expert assessment of Arbuthnot Latham

Arbuthnot Latham is a small, UK-based, boutique private bank, which has been around for many years.

Its Dubai branch recently closed meaning they have no local presence or service available anymore to clients in the UAE (or indeed any international presence at all).

This obviously puts a strain on service levels for international clients who will continue to expect a high level of care and duty.

If you are already a private banking client of Arbuthnot Latham overseas, we would recommend a no-obligation Second Opinion to ensure you are on track to reach your ideal future.

Additionally, we are happy to review the financial plan that has led to the investment portfolio you currently have.

The information in this material is intended for the recipient’s background information and use only. It is provided in good faith and without any warranty or, representation as to accuracy or completeness. Information and opinions presented in this material have been obtained or derived from sources believed by AES to be reliable and AES has reasonable grounds to believe that all factual information herein is true as at the date of issue. It does not constitute investment advice, recommendation, or an offer of any services or products for sale and is not intended to provide a sufficient basis on which to make an investment decision. It is the responsibility of any persons wishing to make a purchase to inform themselves of and observe all applicable laws and regulations. Unauthorised reproduction or transmitting of this material is strictly prohibited. AES accepts no responsibility for loss arising from the use of the information contained herein.

‘AES’ refers to the AES Group’s separate but affiliated entities generally, rather than to one particular entity. These entities are AES Middle East Insurance Broker LLC registered with the UAE Ministry of Economy, United Arab Emirates, Licence no. 571368, and Commercial Registration no. 75162 and regulated by the UAE Central Bank license no. 189; AES Financial Services Limited, incorporated and registered in England and Wales with company number 06063185, authorised and regulated by the UK Financial Conduct Authority FRN: 464494; AES Financial Services (DIFC) Ltd, registered in the Dubai Financial Centre (DIFC) as a foreign company, license no.2128, and regulated by the Dubai Financial Services Authority (DFSA) Reference No F003476; AES International Limited, a private company incorporated and registered in the British Virgin Islands with company number 1839872; AES International Global Limited, a private company incorporated and registered in the British Virgin Islands with company number 1887885. Please visit our authorisations page for further information on regulation, redress and accessibility.

If you are outside the UK and we advise you or carry out other business, nearly all the rules, regulations and arrangements made under the UK regulatory regime (including the rules made by the FCA and the dispute resolution process provided by the UK Financial Ombudsman Service) will not apply to most aspects of the service you receive, such advice or business being provided from outside the UK. You should therefore clearly understand such rights and protection as are afforded in the jurisdiction where you receive advice. Local law, regulation and redress processes will apply in almost all cases, and will be different from that of the UK.

RISKS

Investments involve risks. The investment return and principal value of an investment may fluctuate so that an investment, when redeemed, may be worth more or less than the capital invested. Past performance is not a guarantee of future results. There is no guarantee strategies will be successful. For further information, please click here.

Arbuthnot Latham was founded in 1833. The bank is a part of Arbuthnot Banking Group (formerly known as Secure Trust Banking Group).

It offers banking, investment management and other wealth services to commercial clients and high-net-worth individuals.

Arbuthnot Latham has around £985 million of assets under management.

NOTE: Arbuthnot Latham's UAE office has closed (as of February 2021).

Arbuthnot
Latham

An independent review by our team of experts

REVIEW SUMMARY