Having entered the world of financial services some twenty-plus years ago we have witnessed many significant, and interesting, changes in the world of investments and finance. Increasingly we meet more and more clients who have either created or acquired capital, or who earn higher incomes than average, and whose circumstances are sometimes more complicated than usual. But being wealthier also brings with it the associated problems of how to preserve that wealth and how to protect it where possible from the burden of higher taxes – Inheritance Tax is a good example because it has become a regime that now affects many, many people, not just the super-rich.
Wealth management is about taking care of all your personal and business financial needs together with those of your family, but the reality is that very few of us manage our finances as best we might. This is hardly surprising - the financial world is complex and fast changing, with a myriad of choices available. Achieving a successful outcome means spending huge amounts of time researching those choices and options, and yet most of us have neither the time nor, it has to be said, the inclination to make the most of what is on offer.
Your financial situation is unique so the core of wealth management should be a personal service and a long-term relationship with a chosen adviser combining ongoing regular and comprehensive reviews of your personal finances. All our advice is face-to-face and focused on the personal needs of each individual client. We recognise that no one client’s objectives or circumstances are the same as another. This approach ensures the relationships we build are founded on trust.
The levels and bases of taxation and reliefs from taxation can change at any time and are generally dependent on individual circumstances.