For many of us, our main priority is to take care of our family.
Wealth management can play an important part in this through the strategic management of a family’s finances over the long term. This can involve a number of things:
Objective setting and planning
We work with families to understand their financial objectives and to develop a plan that not only aims to achieve these in the most tax efficient way, but also best meets the family’s own circumstances. This could include:
- Establishing tailored investment portfolios for long term financial security
- Looking at pensions to ensure an appropriate amount is being contributed, and the investments in it are being managed properly
- Establishing trusts for family members or for specific needs, such as to pay school fees
- Setting up Junior ISAs or stakeholder pensions to get younger members of your family started on their savings journey
- Reviewing the family’s protection needs
Estate planning
Risk management
Tax planning
It’s
important that you make use of all tax allowances that are appropriate for your
circumstances. This might include considering tax-efficient investment options
such as Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EISs)
where suitable.
Education and communication
We appreciate that personal finance isn’t taught in schools and is not a topic of conversation every family enjoys, but we are a big believer in helping to enlighten families on financial matters. Should our clients wish to hear about legislation change that may affect their family’s wealth, market conditions and investment performance, we will happily keep them updated.
