Throughout our lives we move through four stages of what we call ‘a wealth circle’. Sometimes these stages can overlap, for example, the challenges we face in the wealth succession stage can often offer opportunity to those who are at the wealth creation stage. Our planning focuses across all four stages of the wealth circle and we therefore consider your long-term future when putting together your financial plan.
We meet some clients at the beginning of their journey, others in the middle, and wherever you are on your journey, your goals and expectations will be unique to you. At this early stage, your goals may include:
- Investing the proceeds of an inheritance for long-term growth
- Planning for retirement
- Planning for school fees
- Saving excess income in a tax efficient manner for medium to long term growth
- Protection Planning
It is a great feeling when your family and business wealth are growing. Our wealth management strategy focuses on helping it to stay that way. Your goals at this stage may include:
- Managing corporate and private pension funds
- Building a tax-efficient investment portfolio
- A borrowing need which is connected to your portfolio strategy
- Investing the proceeds of a business sale
Wealth preservation is as important to those who are still actively creating their wealth as it is to those whose wealth has already been created. When investing for wealth preservation, we are seeking to preserve and grow your wealth for future years. This means keeping ahead of inflation. To do this, we need to achieve growth, but we want to achieve it prudently, and try to avoid any large and irrevocable loses along the way. Your goals may include:
- Investing for long term income
- Gift planning
- Creating a legacy for future generations
You have built significant wealth throughout your life, which means you now have more wealth than you need to live your desired lifestyle. Your focus now is for those around you to benefit from your legacy. Your goals may include:
- Tax-efficient inheritance plans
- Trust planning
- Making gifts out of regular income
- Preserving wealth
- Generating additional income
The value of an investment with St.James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is dependent on individual circumstances.
Equities do not provide the security of capital associated with a deposit account with a bank or building society.
Trusts are not regulated by the Financial Conduct Authority.