Wealth management for high-net-worth individuals
As your wealth grows, so does the complexity of your financial position, your tax situation, and the regulations that apply to you. Financial advice can bring much-needed clarity to your money, whether you want to focus on the present, plan for your retirement, or safeguard your family’s wealth.
A partnership that puts you first
As a high-income earner you have all sorts of opportunities for your money. Considered and tailored wealth management can help you take advantage of these, while freeing up your most valuable asset – your time.
Our Wealth Planners are highly experienced in wealth management for high-net worth individuals and will work with you closely to understand your needs across your life, from business succession planning and retirement preparations, to later life care and investment management.
How we can help
If you want a holistic and comprehensive approach to your financial future, our services can support you.
Our services
Benefit from a holistic view of your finances that involves planning, advice, and investing.
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Investment management
Ensure your money is working as hard as it can with our investment management service.
Learn moreCommon questions on wealth management for high-net-worth individuals
When you’ve gone to great lengths to build your wealth, it’s worth taking steps to preserve, grow, and transfer it efficiently. We can make sure you have tailored investment strategies and a financial plan that is optimised for your personal situation. That includes taking care of estate planning and risk management while navigating economic uncertainties.
Because we take an in-depth look across all your finances, we’re able to spot tax-efficient opportunities more easily. More than that, we can structure your investments, income and savings to fully take advantage of those opportunities. This can range from making full use of pensions to reliefs such as Business Relief for inheritance tax. We don’t offer tax advice at Canaccord Wealth but we can collaborate with your tax advisers to help reduce liabilities.
With no current local inheritance tax, some assume estate planning is unnecessary in the Channel Islands and Isle of Man. In reality, the picture is more nuanced. Many high-net-worth individuals hold assets across jurisdictions, have dependants abroad or retain UK long-term residency – making you potentially subject to overseas tax regimes, particularly UK inheritance tax. Key considerations we will work through with you include:
- Long-term residency status and its implications
- Asset location and ownership structure
- Use of trusts, offshore bonds and wills in cross-border scenarios
- Lifetime gifting and succession strategy.
Strategies to help grow your money, like investing, come with risk. So, our job is to carefully balance that risk and reward by diversifying your investments and finding the right type of investment for your risk appetite, goals, and timeline. Outside of investments, we can help you make the most of tax-efficient allowances, ensuring your money is working hard for you.
As you accumulate wealth, your finances often become more complicated. Understanding the best way to make sure that your money doesn’t erode over time, you don’t fall foul of everchanging UK tax rules you may be exposed to, and you’re making the right choices for you and your loved ones’ futures, can feel like a full-time job – time you’d rather spend enjoying your wealth than worrying over it.
A Wealth Manager can shoulder that responsibility, providing you with expert advice, peace of mind, and the hours you would have otherwise spent managing your finances.
Important information
We don’t offer tax advice at Canaccord Wealth; however, we will work with your legal and tax advisers to ensure the most appropriate solution is recommended. The tax treatment of all investments depends upon individual circumstances, and the levels and basis of taxation may change in the future.
