Finance News: Private bank offers financial packages for smaller groups

A private bank is launching a range of tailored financial services specifically designed for small to medium-sized charities.

Arbuthnot Latham will offer charities with incomes of up to £500,000 a package that combines financial services with specialist accountancy and legal advice.

Charity clients will be able to access advice on issues including employment law, event insurance and VAT, as well as investment banking and fund management.

Allan James, managing director at Arbuthnot Latham, said the service was taking advantage of a gap in the market: "Charities with modest incomes struggle to get the big players in the banking world to take them seriously," he said.

"Voluntary organisations with incomes up to £500,000 don't always have the in-house expertise to handle all the issues that come with a growing organisation. There needs to be more recognition that the right financial package is fundamental to a charity's long-term health."

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