6 Effective Tips To Successfully Grow Your Business Through Diversification In 2022

“You might just consider your business proposition to be suitable to one sector or type of client but think if you can make small adjustments and enter a new market. This is how you begin your diversification journey.” Paul Beach, Head of Executives and Entrepreneurs at Arbuthnot Latham

Be able to spot new opportunities

“At first, the tangential leap from one sector to another will likely be quite small. But as you start to explore and understand new sectors, bigger opportunities might arise, ones more separate from what you are currently doing.”

“Key in this success is networking. Build your network, make connections with people in other sectors. Learn as you go, but make sure you become a valuable counsel on the way. Help people solve problems and always be agile and willing to adapt to new opportunities”Paul Beach, Head of Executives and Entrepreneurs at Arbuthnot Latham

About Arbuthnot Latham 

Arbuthnot Latham & Co., Limited, whose business was established in 1833, is the London-based private banking, commercial banking and wealth management arm of the Arbuthnot Banking Group PLC, with regional offices in Manchester, Bristol and Exeter.

Arbuthnot Latham aims to provide a comprehensive approach to private banking, commercial banking and wealth management with its four core services; Private Banking; Commercial Banking; Wealth Planning and Investment Management. 

Private Banking: A complete suite of Private Banking services created around clients’ lifestyles and circumstances include: deposit facilities, credit, debit cards, money transmission worldwide, money market deposits in major currencies and a wide range of treasury and foreign exchange services. All handled by a dedicated Private Banker responsible for the relationship of the client with the bank. 

Commercial Banking: Full Commercial Banking offering to independent owner-managed businesses. The sector teams – Media, Real Estate and Specialist – all have considerable experience in their sectors and deliver a tailored and personal experience to clients from the London, Manchester and Exeter offices. The Commercial Banking team provides a range of bespoke lending facilities, deposit and FX management, a suite of Visa Card products and money transmission services all supported by online banking and commercial banking experts.  

Investment Management: Highly diversified multi-asset portfolios managed predominantly under the Investment Management team’s discretion and designed around clients’ requirements. Free from restriction of affiliated products, Investment Managers strive to deliver risk optimal post-tax returns on clients’ wealth via a wide choice of management styles. 

Wealth Planning: Based on a clear understanding of a client’s situation and immediate requirements as well as their long-terms goals. A Wealth Planner is assigned to work with clients to develop and execute a bespoke wealth plan, including retirement, estate and succession planning as well as insurance and tax planning issues.  

For Business. For Family. For Life.