The power of purposeful wealth

2nd August 2022

Understanding your ‘why’

A good starting point for unlocking the value of wealth is to develop a clear understanding of what you want from life and what mark you want to leave. Do you want to travel; start your own  usiness; support your family; create opportunities for others, or leave a legacy? Establishing the type of things that you really care about can provide a genuinely powerful purpose to wealth.

Sharing your wealth

One of the best ways to find fulfilment in your wealth is by sharing it; there is certainly no joy in holding onto wealth you will never use. Using wealth to help family, for instance, can be a  particularly rewarding experience that allows you to positively change loved ones’ lives. Indeed, as the cost-of-living crisis continues to weigh heavily on household budgets, there has perhaps  ever been a better time to offer financial support to family members.

Intergenerational planning

A recent report1 shows that one in three advised families now share the same financial adviser, with many turning to them for help with wealth transfers and planning. As well as cost-of-living  pressures, the increasing need for intergenerational advice has also been fuelled by the Chancellor’s decision to freeze Inheritance Tax (IHT) allowances until at least 2026,  which will result in a  growing number of people becoming liable for death duties.

Unlocking the real value of your wealth

We can help you develop a clear understanding of what you want to achieve with your wealth and then provide the support and advice required to fulfil those goals.