Family investment companies (FICs) are private limited companies set up to hold family assets. They are becoming an increasingly popular part of wealth structuring and can provide an efficient alternative to trusts. We understand the importance of passing on your wealth in the right way. For wealth holders and business owners it can often be hard to strike a balance between maintaining control and paving the way for the next generation. FICs can offer a bespoke solution that our team is uniquely placed to support. Our Private Wealth lawyers work closely with our Tax and Corporate teams to offer a complete service to our clients. We have extensive experience in setting up and administering FICs, as well as providing expert tax and wealth structuring advice – so everything you need is under one roof. How Family Investment Companies Work A Family investment company is set up by a founder, who then gifts shares to family members. The company structure allows the founder to retain greater control over how wealth is distributed and invested, as well as avoid many of the charges that Trusts may incur, including Inheritance Tax. FICs are usually created with two types of shares – those with voting rights (‘founder shares’) and those without. This means only the founder and their appointed advisers can decide what to do with the assets, whilst still ensuring income or capital rights for other shareholders. FICs can be tailored to suit the circumstances of you and your family, to allow as much or as little control as you want. It’s also possible to add restrictions if necessary – for example, a founder could prevent shares being transferred to a shareholder’s spouse if they were to divorce. Tax and corporate advice under one roof Wealth management expertise National coverage throughout the UK UK top five Private Wealth law firm Enquire 0370 1500 100 Freephone 0800 056 4110 Prefer not to call Use our form Freephone 0370 1500 100 Prefer not to call Use our form Your name* Your email* Your phone number* How can we help?* This data will only be used by Irwin Mitchell for processing your query and for no other purpose.