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R&D in Wealth Management

Industry Spotlight

How might Wealth Management companies qualify for R&D tax relief?

Wealth management companies often provide financial planning and investment management services to high-net-worth individuals and institutional clients. To stay competitive in the industry, wealth management companies may engage in research and development (R&D) activities to develop new financial products, investment strategies and technologies.
A wealth management company may carry out (R&D) activity in a variety of ways, including:

Companies investing in research and development of advanced data analytics and artificial intelligence technologies can qualify for R&D tax relief. This includes activities like developing predictive models, machine learning algorithms, and data visualization tools to gain insights from large datasets and improve decision-making processes.

Wealth management firms may invest in R&D to develop analytical tools and models that can process large amounts of data to generate insights and inform investment decisions.

Wealth management companies may invest in R&D to develop proprietary technology, such as trading algorithms, robo-advisors, or software for risk management and portfolio optimisation.

Wealth Management companies investing in research and development to deliver personalized financial advice, tailored investment strategies and client-centric solutions may qualify for R&D tax relief.

This includes activities like developing financial planning software, goal-based investment tools and interactive wealth tracking systems.

Wealth management firms may partner with universities or research institutes to conduct joint research projects and gain access to cutting-edge research in finance and related fields.

Wealth management companies may conduct market research to identify trends, risks, and opportunities in the financial markets, and to better understand the needs and preferences of their clients..

Wealth management firms may invest in R&D to develop new financial products, such as investment funds or customised portfolios, to better meet the evolving needs of their clients.

Wealth management companies may invest in R&D to explore alternative investments, such as cryptocurrencies, real estate, or private equity, to provide clients with more diverse investment options and potentially higher returns.

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Has your company engaged in this type of activity in the past?

If you believe your wealth management company could benefit from R&D tax relief, please do not hesitate to contact us today.

Our team of experts is here to help you navigate the complexities of research and development tax relief and ensure that you receive the maximum benefit for your innovative work.

Get in touch today to book a FREE discovery call.

R&D Tax Relief

From initial discovery call and information gathering through to claim preparation, supporting documentation and submission. We're your expert partner in R&D tax relief submissions.


For larger companies we can support claim preparations under the RDEC (Research & Development Expenditure Credit) scheme, ensuring robust, defensible and maximised claims .

HMRC Enquiry Support

We'll liaise with HMRC on your behalf, ensuring no unnecessary delays on receiving your claim and no unfair reductions. This service is provided as standard for our clients.

R&D Claim Review

If you're making an R&D tax relief claim, our team can help ensure you're compliant with the latest legislation and identify any potential claim uplift. Speak to our team for more information.

Partner Program

If you work with innovative businesses and you're interested in partnering with us to ensure your clients are maximising their R&D tax relief, speak to our partner program lead.

Accountancy Services

Through BC&A Chartered Accountants, we offer a range of accountancy services including company formations, business planning, taxation and compliance services and more.