High net worth wealth management

When it comes to high net worth wealth management, there is no one-size-fits-all strategy. Working with an independent financial adviser will allow you to create a clear cashflow plan that brings together all your assets, income and expenses. This makes sure you always have access to the funds you need for daily life while protecting and growing your investments.

Increasing tax efficiency

You have worked very hard to grow your assets and make the best use of every opportunity available to you. Why should that plan stop with your tax bill? By making tax more efficient, you can keep your tax costs as low as possible while still meeting your legal obligations.

Our advisers can help you make savings on your tax bill while still meeting your legal obligations. We can advise on ways to maximise the returns on your savings and investments, charitable giving, trusts and other tax reliefs, and support your plan for your family’s future and prepare for expected IHT payments.

High earners can also make significant tax savings by investing in venture capital trusts (VCT). As these are investments in young businesses with high growth potential, they do carry higher risk but also offer sizable income and capital gains tax reliefs. Our advisers can discuss a VCT strategy with you as part of a wider investment management plan.

Investment management

When it comes to investing, you want to give your money the best chance of a positive return. With a comprehensive investment strategy in place, you are well positioned to grow your assets, and working with trusted investment specialists allows you to make informed decisions on the market in real time.

Many clients also want to explore options for socially responsible investing. Often called ESG investing (environmental, social and governance), this strategy allows you to use your wealth to support companies who are making a positive difference.

No investment opportunity is guaranteed a successful return. Please do not invest more than you can stand to lose. Sitting down regularly with a financial adviser can help you define your attitude to this risk and make smart investment choices.

Pension planning

Having a comfortable retirement entirely depends on building your pension savings throughout your working life. High earners are in a fantastic position to save more and invest wisely to grow the value of their pension savings and capitalise on the available tax reliefs.

Many HNW clients consider their business to be their pension, relying on the eventual sale of the company to fund their retirement. YorWealth advisers always encourage people to have both. A private pension pot and a business to sell maximises your available funds for when you choose to retire. It just makes sense!

Asset protection

Working with independent HNW financial advisers can help you be confident that your assets are protected against market change and personal challenges. We can advise you on insurances and different asset protection strategies to ensure your assets and investments are sound.

Nobody knows what the future holds, but by investing wisely and using sophisticated cash flow forecasting, we can help you to protect your assets and safeguard your financial future.

Estate planning

With valuable assets in your estate, it’s very important to have a clear plan in place to outline your wishes in case of illness or injury, and death. Working with a financial adviser and your solicitor, you can be sure that your assets will transfer smoothly to your beneficiaries when the time comes, giving you huge peace of mind for the future. You know that your family and loved ones will be protected when you are no longer able to care for them yourself.

Read more about our estate planning services, here.

Get in touch

Our independent HNW financial advisers in York are here to support you with your assets. If you want to talk about developing your investments, increasing your tax efficiency, and planning for your future, please arrange a chat with YorWealth.