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London & Capital
London & Capital was founded in 1988 as an independent wealth and asset management firm in London.
London & Capital
London & Capital was founded in 1988 as an independent wealth and asset management firm in London. Led by CEO Guy McGlashan, the firm structured itself as a partner-owned business to align internal incentives with long-term client outcomes. Its core clientele emerged from the complexities of transatlantic wealth, serving high-net-worth individuals and families who required sophisticated, tax-aware portfolio management spanning the United States and the United Kingdom. The firm's investment strategy is anchored in a rigorous, institutionally derived process that produces multi-asset portfolios blending equities, fixed income, and alternative assets. The house view leans toward downside protection and capital preservation, executing through direct securities, funds, and structured notes. Portfolio construction is centrally managed by an internal investment committee, which sets tactical and strategic asset allocation. The geographic footprint is inherently international, with client assets customarily deployed across North America, Europe, and Asia-Pacific markets. London & Capital operates from a single headquarters in central London and has deliberately resisted the branch-expansion model typical of larger private banks. The firm's scale is not publicly broken down by AUM, as it remains privately held and does not disclose a consolidated asset total. A satellite office in Barbados, historically tied to its international insurance and offshore bond capabilities, supports the cross-border proposition that remains central to its identity. The firm's structural differentiator lies in its specialized focus on US-connected clients living outside the United States — a notoriously underserved segment that most UK wealth managers avoid due to regulatory complexity. By integrating tax and investment advisory functions under one roof, London & Capital functions more like a multi-family office for the internationally mobile than a conventional asset gatherer.
General information
Firm type
Bank / Wealth / Trust
Year founded
1988
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Guy McGlashan
Chief Executive Officer
Frequently asked questions
Who runs investment decisions at London & Capital?
Portfolio construction at London & Capital is governed by a central Investment Committee, led by senior partners and dedicated strategy professionals, with CEO Guy McGlashan maintaining executive oversight. The firm employs a centralized house-view model, meaning individual relationship managers do not build bespoke portfolios. This ensures a consistent investment posture across all client accounts.
Is London & Capital structured as a private bank or an independent wealth manager?
London & Capital operates as an independent, partner-owned wealth and asset manager, not a bank. This structure, in place since its founding in 1988, means the firm has no proprietary balance-sheet conflicts or lending quotas. Clients typically custody assets with third-party institutions, while London & Capital retains full discretion over investment management and financial planning.
What is London & Capital's known posture on alternative assets?
The firm incorporates alternative assets within its multi-asset framework, though its public emphasis remains on liquid, institutionally managed equity and fixed-income portfolios. Allocations to private markets, structured products, and absolute-return strategies are used tactically to reduce correlation and manage drawdown risk. The firm does not typically market itself as a direct private equity or venture capital investor.
How does London & Capital handle US-connected clients?
US-connected individuals — including US citizens living abroad and green-card holders — represent a core, specialized client segment for London & Capital. The firm integrates US tax reporting and investment management to avoid passive foreign investment company (PFIC) pitfalls and FATCA compliance issues, a capability set that is rare among non-US wealth managers. This involves maintaining an in-house US tax desk alongside its investment team.
Does London & Capital maintain a presence in any offshore jurisdictions?
The firm maintains an office in Barbados, which serves as a hub for its international insurance and offshore bond expertise. This location supports the structuring of tax-efficient investment wrappers, a key component of the cross-border planning service it offers to internationally mobile clients. The main advisory and investment management functions remain in London.
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