pioneers of fee-only investment advice in Hong Kong
client-focused financial advice


Full transparency and zero investment product commissions for long-term mutually beneficial relationships based on unwavering integrity.

Operating from Hong Kong, Private Capital has a diverse client base which includes family trusts, high net worth individuals and corporations.

Founded in 1998, regulated by the Hong Kong Securities and Futures Commission (SFC) and a member of the Hong Kong Confederation of Insurance Brokers. 

Note: Authorisation or regulation by the SFC does not imply official recommendation.

Our Financial Services

Fee-Only, Commission-Free Asset Management.

Second Opinion

Second Opinion

Tailored reports for those seeking a second opinion on existing investments, offering a succinct, objective, third-party review.

Investment Management

Investment Management

Fee-only Evidence-Based Investment management which is unbiased, truly independent and executed in a highly cost efficient manner. 

Financial Planning

Financial Planning

Financial planning is the ongoing process that helps you make sensible and informed decisions about money. You can build your plan yourself or get a Financial Planner to help if you situation or needs are a little more complex.


Meet Our Team

Our team at Private Captial has a combined experience of over 100 years so you can rest assured your investment strategy is in good hands.

Bill Thomson


Bill is an international economist with over 35 years’ experience working on and in Asia with a...


Bonnie Chau


Bonnie is a CPA and is responsible for all day to day financial matters. Bonnie is also involved...


Cliff Harkins

Group Medical Specialist

Cliff heads up our dedicated Group Medical Team providing the highest service and product access...


Emy Mendoza

Finance Director

Emy overseas our accounting and financial functions and works with the board on policy and...


Fanny Au

Administrative and Office Manager

Fanny is our Administrative Wizard. She keeps everyone organised and gets important 'stuff' done.


Mathew Bate

Director and Responsible Officer

Mathew joined Private Capital in 2012, specialising in investments and holistic financial...


Phil Stockton

Director and Responsible Officer

Phil is passionate about fee-only financial planning and evidence-based investing.  Phil holds...


Rick Adkinson

Managing Director and Responsible Officer

Rick is a fierce advocate of consumer interests and rights and aims to ensure clients (internal...


Tom Rogerson

Wealth Manager

Tom joined Private Capital in 2017, specialising in asset management and full financial planning...


Recent Blog Posts

The latest financial planning news and investment updates from Private Capital Limited

Tuesday, May 09, 2017

Latin America is Hot - Don't get Burned

Latin America and other Emerging Markets are returning to vogue. As you consider your allocations do be mindful of the Active vs. Passive return pr... Read More >>

Sunday, February 12, 2017

Passively Managed has The Edge and is far from Average

Everyone (apart from active mangers) knows that actively manged funds are most likely to underperform. Over the past 5 years some Read More >>

Thursday, December 01, 2016

The SFC has "Cost Concerns"

Hong Kong's fund management industry is in the spotlight. The SFC are taking a very close look at fee and the banks' distribution dominance... Read More >>

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Connect With Us

Operating from its Hong Kong head office, Private Capital has a diverse client base which includes family trusts, high net worth individuals and corporations around the globe.

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