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LGBT Capital and Financial Partners launch wealth management operation in Asia

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LGBT Capital and Financial Partners have launched LGBT Wealth, the first wealth management operation focused on the lesbian, gay, bisexual and transgender community in Asia.



LGBT Wealth has been established to provide a specialist service for the LGBT community, with advisers understanding the particular needs of this community and products and services screened for this growing market.

LGBT Wealth will provide advice and services through its regulated entity, Financial Partners, in a number of areas including retirement planning and saving, insurance, property and wealth protection and will combine experienced financial planning resource with a knowledge of the special issues facing the LGBT community.

Paul Thompson, chairman of LGBT Wealth and founder of LGBT Capital, says: “We think a specialist wealth adviser focused on the LGBT community is a very important development. Many people in the LGBT community do not have access to advisers who truly understand their needs and the LGBT life cycle can be very different. Important issues like saving for retirement can be overlooked and with a generally higher disposable income there is real opportunity with the right advice for the LGBT community to achieve their financial goals.”

Howard Clark Burton, chief executive of Financial Partners, an Asian independent financial advisory firm, says: “We are delighted to be introducing a service for the LGBT community which we believe is underserved in financial advice. Very often, the legal protections for LGBT partners are not in place in Asia and we believe the correct advice can help LGBT individuals protect their wealth and their partners.”

The LGBT market is a significant and growing market. It is estimated that the LGBT population in the Asia region is over 200 million and represents some USD800bn in spending power each year. Globally, the LGBT population is estimated at over 400 million with a spending power of some USD3trn.

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