Impartial, Fee-Based Financial Advice & Easy-to-use Investment Services for Expatriates Worldwide & Residents of Hong Kong.
How Can We Help You?
Unless you are an ‘Expert Investor’ with time on your hands, the inclination to monitor markets regularly, and the ability to make investment decisions devoid of emotion - leave that all to us so you can concentrate on your life, your health, your family, your children, your work or whatever is most important to you.
And don’t forget, life is a lottery: none of us knows with certainty what’s around the corner. What
is certain is that your health cannot and should not be taken for granted! Therefore, don’t delay - reach out and have us help organise your financial affairs now, and then sleep soundly at night knowing your ‘Crispy Financial Ducks’ are in a row! Take comfort in the fact your spouse/partner and children will not be left wondering what to do if you unexpectedly died or had a stroke, perish the thought.
Whether you have questions or concerns that require one-off advice for a fee, for example concerning pensions, tax, wills, trusts, protecting your assets from creditors (including Care Homes), or if you would like to explore a long-term relationship where, say, we manage your investments, speak to us now.
Take Advantage of a Discovery Meeting with no obligation or cost.
Why Work With Us?
We are Fiduciaries, which means we have a legal, ethical and moral duty to put our clients’ best interests first. That is very different, frankly, from Financial Advisers, Wealth Managers, Insurance Agents and even Private Bankers who are not held to the same high standards and, pulling no punches, at worst simply push complex products to earn commissions and to satisfy quotas and sales targets!
Our Existing Clients
We work with a variety of clients, including Entrepreneurs, Accountants, Lawyers, Doctors, also
Teachers, Pilots and Vets both young and old! Many of our clients have been looked after by us
for more than 20 years and some, of course, have become close family friends.
Client Stories
Some of our clients have kindly written testimonials which might help you as
a prospective client in need of reassurance perhaps, so that you know what to expect from
working with us.
Christopher Riggs
David Bojan – MD of H Capital:
“I first met Chris Riggs in 2003 at the Clearwater Bay School ‘Welcome Day’ which he and I attended as our respective sons (Jack and Luke) were about to start P1.
Chris and his wife Lizzie had recently arrived in Hong Kong to take up Chris’ position as Head of
Veterinary Clinical Services at the Jockey Club. Chris still works for the Jockey Club, but last year (2024) I facilitated tax advice and assisted Chris and his family to relocate to the UK.
Chris and Lizzie are still clients 20+ years on – I manage their retirement portfolio”.
As follows Chris’ testimonial letter, written some years earlier.
Dr. Christopher Riggs,
Head of Veterinary Clinical Services at Hong Kong Jockey Club:
“David was thorough in establishing my personal situation and medium to long-term plans and
subsequently formulated a portfolio that has, to date, been very productive.”
Cornel Marais
David Bojan – MD of H Capital:
"Cornel and Rensia Marais were referred to me for advice around 10 years ago (2016) by long-term Cathay Pacific client, Wesley Jones. Cornel was at the time employed by the Renaissance College, following which he joined Hong Kong Academy, before moving to Beijing City International School in 2020. In July 2024 Cornel and Rensia moved to Tanzania when Cornel joined the International School of Tanganyika.
Since 2016 I have personally managed Cornel and Rensia’s investment portfolio and provided guidance on their financial affairs in Hong Kong, China, their home country South Africa, and
now Tanzania."
Here's Cornel’s testimonial letter, also written some years earlier when he was working at the Beijing City International School.
Cornel Marais: Secondary School Curriculum & MYP Coordinator at Beijing City International School
"With David's input and guidance, my portfolio has grown considerably over the past 5 years
despite a very tumultuous few years of economic recession, trade wars and a worldwide
pandemic."
About Us
Hong Kong based companies that provide investment advice, and manage investment portfolios, must first be vetted by the local regulator, the Securities & Futures Commission (SFC), and if deemed suitable the company and its individual representatives will be licensed by the SFC who also monitors and supervises all regulated activities, along with the company’s financial standing. HFS Asset Management Ltd, which trades as H Capital, is licensed by the SFC to Advise on Securities (a Type 4 license) and manage investment portfolios on a discretionary basis (a Type 9 License).
We are also licensed by the Mandatory Provident Funds Authority (MPFA) in Hong Kong, which means we can establish company MPF schemes, and advise you (if applicable) as an individual member on your MPF account, including advice on what funds to choose and when.
As a Fiduciary, we have your best interests at heart. Actually, H Capital was the first firm in
Hong Kong to offer fee-based investment advice, as opposed to the more traditional
commission-based approach.
Not All Advisors Are Equal
The financial services industry can be confusing. Several firms in Hong Kong openly offer investment advice on their websites, and in their promotional material, but they are not licensed by the SFC. Those same firms often provide tax guidance on their websites, and some give the impression they are tax experts, but they are not qualified tax advisers. Most exploit a grey area where they are licensed by the Insurance Authority, but that means you end up with an insurance product or at best some sort of delegated investment manager where the insurance
broker adds on their fee.
As a Fiduciary, we have your best interests at heart. We work on an entirely transparent fee-basis, and we do not earn commissions. (As opposed to most Private Banks who benefit from several layers of charges). When we manage your investment portfolio, we earn a percentage fee which rises or falls in line with the value of your portfolio – which means we are very much on the same page as you and are incentivized to grow your portfolio.
Tax, legal and trust services are delivered through professional partnerships with independent specialist firms. Clients with £1M or more under our management benefit from independent UK tax advice and Tax Returns (conditions apply).
Read our client stories (testimonials) to see how we have helped others in the same situation as
you.
Our Services
Investment Advice & Portfolio Management
Almost every investment involves risk in one form or another. But of course, that should not hold you back. After all, you’ve probably worked hard to accumulate some savings, and having done so, naturally, you’d like to put those savings to work.
Cash deposits at a bank, often regarded as safe, are subject to ‘credit risk', and exposed to the possibility that inflation might exceed any interest earned, resulting in a negative real rate of return (i.e. the inflation rate is more than the interest rate). Real estate, favoured by many, is subject to ‘liquidity risk’ i.e. you may not be able to sell real estate at the desired price when you want to sell. Stocks, shares and bonds, including unit trusts, mutual funds, investment trusts and ETF’s, are subject to volatility which is often difficult to predict.
The key to successful investing is to understand and control risks. Not to follow the latest fad or tip, jumping into some get-rich-quick scheme that seems too good to be true (if it seems too good to be true, it probably is too good to be true!).
We will guide you through the whole process using our time-tested approach so you can focus on what really matters to you, whilst we concentrate on getting you better results.
Retirement Planning
Whether retirement is years away or just around the corner, it is smart to start planning now. After all, the decisions you make today will determine your lifestyle and standard of living when you retire.
Questions we are asked all the time:
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Will I have enough?
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How much is enough?
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How much do I need to save now, to provide for retirement?
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What will happen to my spouse/children if I die prematurely?
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How much can I draw from my retirement portfolio without eating into the capital?
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What about tax – in the UK, income, capital gains and inheritance tax?
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What about care home fees? How can I safeguard my assets for my beneficiaries?
Contact us now to discuss your retirement planning needs. You can’t turn the clock back." Fail
to plan, plan to fail!"
Second Opinion
Are you concerned about taking the wrong decisions? Perhaps you are about to make an investment, but you are not certain it's right for you, or you don't fully understand the risks involved? Is your current investment portfolio underperforming? Are you concerned about hidden fees and charges?
Why risk making a potentially costly and at worst disastrous mistake? For a one-off fee, we will carefully examine the subject matter and provide you with a written report, an unbiased second opinion that will at the very least set your mind at rest and could save money and heartache in the future.
Insure your life, your health and your business
Death and disability are risks that should not be ignored. Life assurance, critical illness and medical insurance will protect you, your family, and if applicable, your company (key-person insurance), from the inevitable financial impact. Unless you already have sufficient accumulated capital to carry you and your family through, you must address these risks.
Don't forget, wills, including the appointment of a guardian to protect your minor children, and depending on your circumstances consider the use of trusts to protect your assets.
David, Melanie, Michael and Alex have all experienced several market cycles. There is no
substitute for experience and a proven long-term track record of managing money diligently
throughout the inevitable ups and downs of those cycles.
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Why do I need financial advice?Whether you need financial advice or not depends on the complexity of your affairs and your ability, time and inclination to address relevant issues. For example, some people are just so busy working flat out that they end up neglecting their own affairs to their detriment, in which case, a financial advisor is highly recommended.
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What is fee-based financial planning?Financial planning refers to an overview of your financial affairs in the form of a written report in return for an hourly or flat fee. Topics that would typically be covered include: have you made a will, have you appointed a guardian for your children (if appropriate), signed an “expression of wish” form with your employer. How about medical issues – are those covered, what about retirement, your investment choices, your tax affairs? Basically, every aspect of your financial affairs can be reviewed and examined.
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What is investment management?Managing cash by investing in different types of assets designed to preserve and grow your hard-earned savings. With so many investment possibilities to choose from, it’s difficult to know where best to allocate your money. The right investment manager can make all the difference by steering you away from get rich quick schemes and scams and by sorting out the wheat from the chaff.
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What is an independent financial advisor?A truly independent financial advisor has no vested interests in the outcome of their advice, they have free reign of the entire market so to speak, with no bias towards any products or services. That is distinct from a limited advice firm, where those advisors can only recommend products or solutions from which the advisor derives a financial benefit.
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What is the difference between a financial advisor and an investment advisor?An investment adviser only advises on investments. A financial advisor will advise on all issues affecting your financial affairs, similar to a General Practitioner (GP) Doctor.
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Why plan for retirement?Because if you fail to plan, you plan to fail! Unless you have so much money where it doesn’t really matter if you plan ahead or not, getting your financial ducks in a row should help reduce your stress levels during your twilight years so you can enjoy life after work.
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What is included in the H Capital discovery meeting?The H Capital Discovery meeting is a no obligation, get to know one another session which takes place with one of our fiduciaries. It's a two way street i.e. H Capital may not be suitable for everyone, therefore we like to make sure we're on the same page of understanding before we begin assisting in your financial affairs. During the meeting we’ll aim to establish your current circumstances and objectives, your risk appetite, your time horizon – a little similar to a consultation with your doctor, but we’ll ask questions about your financial affairs rather than your state of health, necessarily. At that point we should have enough information to be able to revert with advice.
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How does H Capital make money?H Capital charges clients an hourly or flat fee for providing advice, and a percentage based fee for managing investment portfolios. H Capital pioneered a fee-based approach to financial services in Hong Kong many years ago, in an industry dominated at the time by opaque commission driven products sales.