Latest news with #HoxtonWealth
Zawya
13-05-2025
- Business
- Zawya
Hoxton Wealth launches new app experience to empower financial control
Hoxton Wealth, the Dubai-based international financial advisory firm, has launched two major upgrades to its fast-growing wealth app: a redesigned onboarding journey and a fully personalised dashboard — both designed to help users take control of their financial lives more easily, right from the start. These updates are part of Hoxton's ongoing commitment to creating a simpler, smarter, and more user-focused experience. Whether users are existing clients or exploring the platform for the first time, the changes aim to deliver faster value and deeper engagement. 'Our mission has always been to give people clarity and confidence in their financial decisions,' said Chris Ball, CEO of Hoxton Wealth. 'These improvements are all about reducing friction and putting users in control — guided by what we've heard directly from them.' The updated onboarding helps users understand what the app can do for them and tailors the journey based on their profile. For Hoxton clients, that means a more pre-loaded, personalised setup; for non-clients, a smoother introduction and easier first steps to start tracking their wealth. The redesigned dashboard makes day-to-day financial management more intuitive, bringing key insights to the surface and guiding users on what to do next. With better visuals, new shortcuts, and smarter personalisation, the app is now even more aligned with how people actually manage their money. Launched just over a year ago, the Hoxton Wealth App is a free platform that brings together every part of a user's financial life — across currencies, asset types, and geographies — into one clear, accessible place. Key features include: • A full view of your financial life in one place, from assets to liabilities • Connections to over 14,000 financial institutions worldwide via open banking • Real-time tracking across currencies, geographies, and asset types • A personalised watchlist so users can focus on what matters most • A powerful planning tool — Wealth Flow — that helps users project future income needs based on their financial goals and current assets All data is fully encrypted, and only users have access to their information. The app is available on both mobile and web and users can download it in Apple Store or Play Store. As Hoxton Wealth approaches 10,000 users, these updates mark another step in building a more empowering, globally minded wealth experience for all.
The Independent
09-05-2025
- Business
- The Independent
When should I buy life insurance and is it worth it?
The thought of passing away and leaving loved ones behind is one that nobody wants to have. However it is important to consider what may happen to your family and finances if you were no longer here – and that's where life insurance comes in. The topic of life insurance can often be overlooked or avoided which leaves people confused about it or perhaps don't see a point in figuring it out. Here we spoke with finance experts to explain what exactly life insurance is, when should people get it and the big question – is it really worth it? What is life insurance? 'Life insurance is a financial product that gives your family or loved ones a cash pay-out if you die while covered,' says Ian Cooper, commercial director and product expert at SunLife. 'Life insurance broadly comes into two main types,' managing director partner at independent financial advisors Hoxton Wealth, Chris Ball explains. 'There is term life insurance and whole-of life insurance.' 'Term insurance covers you for a fixed period of time, let's say 25 years,' Cooper explains. 'It pays out if you die during your policy period. The pay-outs on this type of policy are usually quite large, to cover things like an outstanding mortgage. But if you live longer than the period of cover, you won't get anything back. 'Whole-of-life cover, or 'over 50s' life insurance as it's often called, is only available to people over 49. Simply put, it covers you until you die – no matter how long you live. Because it promises to pay out, the pay-outs are typically smaller than term insurance, to put towards things like outstanding bills or funeral costs. 'One key difference between the two types is that not everyone is eligible for term insurance, and you usually need to answer medical questions in order to qualify. Most over 50s plans, on the other hand, guarantee to accept anyone within the age range, regardless of health.' When should people start looking at getting life insurance? 'I would say as soon as possible,' Ball says. 'Many people may think life insurance isn't applicable to them or that they don't need it. 'However the areas that a lot of people miss out with life insurance is things that could happen like total permanent disability for example – being in a car crash and not being able to work again. That's the type of life insurance that we kick in at those points to cover you. I always advise clients to make sure that they seriously consider it and not just people with children or a spouse. It's for people of all ages that need an income – which is pretty much everyone,' he says. Cooper echoes this as he explains that while there is no fixed age at which you should take out life insurance, most people decide to when they get a mortgage or have children. 'But it's important to review your cover needs regularly, to ensure it's covering what you need,' he says. What are the benefits of getting life insurance? 'Both term life insurance and whole-of-life insurance are designed to help your loved ones at a really difficult time,' Cooper says. 'Whether it's paying off the mortgage, or having the spare funds to put towards outstanding bills or funeral costs – it's knowing that you're giving them one less thing to worry about. 'Customers tell us one of the main benefits for them when they take out a guaranteed over 50 plan is the peace of mind it gives them. Because their pay-out is guaranteed after one or two years, they know their loved ones will have something to help them financially when the time comes,' he adds. 'You also get protection and stability with life insurance,' Ball says. 'Of course it's great accumulating wealth and saving into your ISA or your general investment account and pensions. But what if you can't work, let's say for a period of six to 12 months, because you had a heart attack or a chronic disease. Ultimately people would just end up rinsing their savings if they haven't invested in life insurance. 'Hopefully it is the biggest waste of money that you spend but it does give peace of mind. Most people insure their cars, phones and homes – but not a lot of people insure themselves – but you are the most important thing,' he says. Is life insurance worth getting? 'When people ask me this, I suggest thinking about what financial help your loved ones might need if they were to die suddenly – not something we want to think about, I know,' Cooper says. 'For example, if they were faced with a £4,000 funeral bill, could they afford to pay it? If not, it could add a lot of stress at an already difficult time, so a life insurance pay-out could be a big help. If you already have plenty of money in savings or have funds from other sources lined up, you may not need life insurance. It's totally up to you. But having a financial safety net in place for our loved ones can be hugely reassuring for everyone.'
Zawya
01-05-2025
- Business
- Zawya
Hoxton Wealth sets out financial planning strategies for global expats in Qatar
Over 70% of expats living in Qatar, surveyed at a recent educational event held in Doha by international financial advisory and wealth management firm Hoxton Wealth, admitted that they did not know how their current assets would be taxed based on their future residence. When surveyed at the event, 57% of attendees said that their financial priority for being in Qatar was to accumulate wealth, 28% to plan for their retirement and 14% to make income-generating investments, yet only 35% said that they had a financial plan. 'The financial landscape for expats in Qatar is very attractive,' says Chris Ball, CEO of Hoxton Wealth. 'There are no income tax obligations, no capital gains or dividends tax, access to global financial markets and, typically, inflated salaries and bonus packages. There are limited structured employee pension plans, and often a gratuity on leaving employment But there are a series of common mistakes that expats make. These include holding assets in the wrong structures; failing to set up a structured pension plan like in their home country; underestimating inheritance tax exposure or future tax implications on their existing assets; currency risk exposure; and holding substantial amounts of capital in local banks. We're here to help them avoid those mistakes.' Attendees were asked where they planned to retire: 21% said the UK, a similar number said Europe, 14% said Asia and the majority elsewhere. More than two-thirds of attendees said they currently held assets in two or more different jurisdictions. The seminar, which educated on specific financial planning considerations for those in the UK, the US and in Europe, also looked into UK inheritance tax exposure as a Middle East resident; how individuals returning to the UK after a period of at least ten consecutive tax years of non-UK residence can claim UK tax relief on foreign income and gains that accrue during their first 4 years of UK residence, known as the FIG regime, and the role of Discounted Gift Trusts.
Zawya
14-04-2025
- Business
- Zawya
Dubai-based Hoxton Wealth registers $3bln in AUM
Dubai-based international financial advisory and wealth management firm Hoxton Wealth has achieved the latest milestone in its continuing growth by registering more than $3 billion in Assets Under Management. The firm continues to grow across all key markets, offering advisory solutions tailored to individuals and families. With on-the-ground teams spanning multiple jurisdictions, Hoxton Wealth is working with more than 7000 clients worldwide, help them navigate complex financial landscapes to achieve long-term wealth and financial stability. 'This milestone is more than a number,' says Chris Ball, CEO of Hoxton Wealth. 'It reflects the strength of our client relationships, the calibre of our advisory teams, and our ability to deliver a consistent, high-quality service in a fast-changing world. We're incredibly proud to have earned this level of trust, and we remain focused on helping our clients meet their financial goals with confidence and clarity.' Founded on a commitment to personalised, transparent, and forward-thinking financial planning, the $3 billion AUM benchmark signifies not only the firm's robust financial performance but also its strategic direction, investing in technology, regulatory excellence, and a bespoke client service. With an expanding international footprint, Hoxton Wealth continues to attract clients seeking independent, expert-led advice across areas such as investment management, retirement planning, tax optimisation, and cross-border wealth solutions. 'As global markets evolve, I am confident we will build on this momentum,' adds Ball, 'with a focus on innovation, technology, and client-centricity.' Founded in April 2018 by Chris Ball, Hoxton Wealth has expanded to a global network with offices in Dubai, the UK, the USA, Australia, and beyond. The firm employs almost 300 people.
Zawya
24-03-2025
- Business
- Zawya
Dubai-based Hoxton Wealth expands app functionality with crypto account organisation and enhanced asset management
Dubai-based International financial advisory firm Hoxton Wealth has introduced powerful new features to its Hoxton Wealth App, further strengthening its position as a comprehensive financial management platform. These new updates, available starting today, offer users greater control and visibility over their assets and liabilities. Key New Features: Multiple Crypto Accounts – Users can now organize their cryptocurrency holdings into separate accounts, enhancing visibility and streamlined management. Expanded Account Linking – The app now supports linking additional asset types, including crypto accounts, personal loans, vehicle loans, and mortgages, with automated updates for seamless financial tracking. Auto-Deduct for Loans – Users manually adding loans can now set automatic monthly deductions, making it easier to track outstanding balances and manage repayments. Currently, the Hoxton Wealth App tracks over £115 million in assets and liabilities through its open banking integrations. The Hoxton Wealth App provides easy access to a consolidated view of users' entire net worth on mobile or desktop—regardless of whether they are Hoxton clients. Leveraging open banking technology, the app aggregates financial data from over 20,000 global sources, including bank accounts, brokerage accounts, crypto exchanges, pensions, and cash accounts. Users can also track static assets like real estate and monitor investments in stocks, shares, and cryptocurrencies. Financial liabilities, including credit cards and mortgages, are seamlessly integrated for a holistic wealth overview. The platform is available on both web and mobile. Beyond financial tracking, WealthFlow empowers users to visualize their financial future by mapping out their wealth trajectory based on key inputs like net worth, retirement plans, and major financial events. Users can explore multiple scenarios, adjust assumptions, and gain a clearer understanding of their long-term financial outlook. Whether planning for retirement or major investments, WealthFlow helps users take control of their financial journey with confidence.
