London & Capital (L&C) is launching a new service within its UK Wealth division to provide services to lawyers, accountants and private equity partners.
The 'Professionals' proposition will offer personalised services, from access to partner loans through to retirement and inheritance planning.
Clients will pay a 1% investment management fee, including financial planning, and will be able to monitor their investment accounts through L&C’s real-time digital platform.
The team will be headed by head of UK Wealth Simon Tuck, who joined the company in May after spending seven years as head of wealth at Weatherby's private bank.
He said: 'Professionals have been underserved by the investment community for decades. As I know from experience, private banks tend to lock-in clients with lending and then rest on their laurels, providing outsourced generic investment management.
'London & Capital is a partnership-based organisation itself, as such, we fully understand the complex needs of senior professionals, the challenges they face and the demands on their time which necessitates best in class financial planning and investment management.'