Marcus Palmer (client name changed), having retired from his high powered job in the City, wanted to relax and enjoy his wealth. With no children, he and his wife intend to leave most of their estate to charity so they have no inheritance tax issues. We were able to structure their wealth in such a way that they continue to enjoy access to it while it grows at a rate designed to ensure they never run out.
The foundation of our wealth accumulation service is to first understand what you want to achieve. We take the time to consider your priorities and the many complexities of your life before exploring choices with you.
We need to assess your attitude to risk and gain an overview of your whole financial situation. We consider the current sources of your wealth, any restrictions on it and your existing assets prior to making investment recommendations. We aim to enhance your wealth to make sure you achieve the lifestyle you and your family want.
Protecting your wealth
We help you shape your future but also guard against the unexpected. We aim to protect your wealth from unavoidable events that might otherwise diminish it.
Change comes from many places. Situations that arise in your personal life can impact your wealth. Economic factors such as volatile markets, exchange rate fluctuations, or inflation are all likely to impact your wealth and let’s not forget that tax regimes come and go.
We can help you structure your wealth in a way that minimises the impact of these and other changes. We are careful to do so in an intelligent way that takes into consideration your need for flexibility and access to your capital.
Enjoying your wealth
Whilst it is vital to ensure that you have sufficient wealth to really enjoy your later years it is equally important to take advantage of the present day. You may want to carry on working in the business you love or lead an international jet set lifestyle.
You may be determined to make a difference through your philanthropic activities. We can manage your wealth in whatever fashion best suits the lifestyle and interests you want to pursue.
Transferring your wealth
When managed properly wealth enhances life but it can also create issues for those unprepared for it. If you are planning to pass wealth to your children we can help.
You may be concerned about how to transfer ownership or leadership of a family business – do your family share your vision? Do they want to work in the business? There are many questions to answer and many potential conflicts to manage.
You may simply want to reduce the inheritance tax liability on your estate and consider the use of family trusts or charitable foundations. We can provide considerable expertise to help you with trusts and other tax efficient ways to ensure your wealth is best structured for your beneficiaries.
How the service is provided
Although there is a team looking after your finances your adviser looks at the bigger picture and manages the team to ensure consistency.
When there are actions we need to take on particular matters the team works together on them as projects.
The value of investments and income from them may go down. You may not get back the original amount invested.
Tax treatment is based on individual circumstances and may be subject to change in the future.
Inheritance tax planning, Trusts and Estate planning are not regulated by the Financial Conduct Authority.
Free initial consultation
The main purpose is to identify your major financial concerns but it’s also an opportunity for you to get to know us before deciding to engage our services. You can ask as many questions as you need. During this meeting which typically lasts 45 minutes to 1½ hours, we will discuss your specific financial needs. We will fully describe our services and which of them may be right for you, as well as explain our charging structure. There is no charge or obligation for this meeting and we will follow it up with an engagement letter setting out our proposed service to you.
Contact us today to find out more or to book an appointment.