“Money is like a sixth sense without which you cannot make a complete use of the other five” W. Somerset Maugham
In simple terms it is the means by which we take control of our assets during and after our lifetime. Everyone has some form of Wealth however it means different things to different people and effective solutions and management of expectations needs expert advice and guidance.
We can place Wealth Management into 4 categories;
There are many different ways to CREATE wealth, from helping you receive the best rates on your savings, to a more complex understanding of how to structure an Investment or Pension portfolio to grow your Wealth for the longer term. We can help you make informed decisions about the best options for you. In providing bespoke solutions consideration will be given to the following.
Attitude to Risk
Capacity for volatility
Changes in your personal situation
Ensuring some of the best fund managers look after your Investment or Pension portfolio is essential and it is equally as important to monitor and replace them if necessary. Regular face to face meetings with a trusted adviser who has a clear understanding of your personal objectives and can make recommendations to accommodate changes in your circumstances is vital to help maintain long term success. Some of the important considerations for the management of your Wealth would be.
Changes in your personal situation
Putting in place measures to help protect your assets against various forms of risk or erosion, therefore helping to achieve your longer term objectives. Whatever happens in life, we can work with you to put plans so that you and your family is provided for. Financial risk comes in many forms, some we can calculate and evaluate and others we just have to be aware of.
Loss of income
Capital Gains Tax
We will work with you to create, manage and protect your Wealth during your lifetime however it is also necessary to distribute your Wealth as you intended after you have passed away. Decisions about the distribution of your Wealth should be taken during your lifetime and most importantly whilst you retain the capacity to do so. Who do you prefer to be the beneficiary of your wealth, HMRC or your family, friends and charities? There are threats from all areas if you do not arrange the distribution of your Wealth according to your wishes.
HMRC - Inheritance Tax
It is quite a sobering thought that you could lose a proportion of your Wealth simply by not planning for its distribution after you have passed away. Our solutions include.
Inheritance Tax Planning
Making a Will*
Lasting Powers of Attorney*
Liberty Wealth Management are expertly placed to advise you in the 4 key areas of Wealth Management. There are many solutions, many products and many fund managers for us to guide and advise you on but more importantly you don't have to go it alone.
“Price is what you pay. Value is what you get.”Warren Buffett
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax reliefs depends on individual circumstances.
Equities do not provide the security of capital associated with a deposit account with a bank or building society.
*Lasting Powers of Attorney and Will writing involves the referral to services that are separate and distinct to those offered by St. James's Place. Wills, Trusts and Powers of Attorney are not regulated by the Financial Conduct Authority.