High And Ultra High Net Worth Individuals Archives - Page 3 of 4

Trusts

Introduction

A trust ensures that the correct amount of money reaches the intended parties exactly when it’s needed. Trusts offer a level of flexibility, innovation, and control that may not be possible through a Will alone.

While it’s common to associate estate planning primarily with the distribution of assets after death, it encompasses more. It’s also about effectively managing your wealth today to enhance its value for the benefit of your family or to reduce tax liabilities.

Need a bespoke financial plan crafted specifically for your unique requirements?

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Reasons for using a trust

Ensuring financial provision for future generations and allocating funds for designated family members
Protecting wealth from potential dilution caused by a beneficiary’s divorce or bankruptcy
Managing liability for Income Tax, Capital Gains Tax (CGT), or Inheritance Tax (IHT)
Avoiding delays in receiving a Grant of Probate

For instance, if you intend to gift assets to someone you deem not yet responsible enough, you might want to maintain some level of control over those assets. This could be until the recipient reaches a specific age or until you judge them to be adequately mature. A properly structured trust can facilitate this arrangement. A trust can also be used where you wish to put funds aside for a minor until they are legally able to take control of those assets.

The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is dependent on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.

Should you require more information or have particular questions, we invite you to contact us at your convenience.

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Gifting

Introduction

Need a bespoke financial plan crafted specifically for your unique requirements?

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Should you have concerns regarding the impact of Inheritance Tax (IHT) on your estate and the subsequent ability to transfer wealth to your cherished beneficiaries and causes, incorporating a Gift Plan into your wealth management approach could be a prudent measure.

Utilising gifting as a method for establishing an investment fund for your chosen beneficiaries can offer tax efficiency while potentially reducing the value of your estate, and therefore any resulting IHT liability. Our Gift Plan is available on absolute basis or discretionary basis. It is used in conjunction with an investment bond, available both onshore and offshore. This arrangement is designed to advantage the individuals or entities of your choosing. Where a discretionary trust is used, this provides you with control and flexibility.

Will it help me?

Do I need a gift plan?

Consider whether you have identified the individuals or entities you wish to inherit your wealth, either during your lifetime or posthumously. Should this be the case, our Gift Plan may facilitate the direction of your assets to your desired recipients.

Funds held within a discretionary trust do not contribute to the estate valuation of the beneficiary as long as they remain in the Trust.

This strategy can be employed for various objectives, including optimising IHT exemptions or covering educational expenses.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is dependent on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.

Subject to eligibility and HMRC ratification.

Please note that this is not a recommendation. If this is of interest, please take advice to see whether it would be suitable for you.

Should you require more information or have particular questions, we invite you to contact us at your convenience.

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Financial Services Professionals

We understand the intricacies involved in working in the financial sector.

Our Advisers are experienced in helping financial professionals with financial planning and wealth management advice.

Our team is proud to work with senior executives from some of the largest financial institutions in the world. We understand the complexities of acquiring wealth through employment, at the heart of our proposition is to plan around complex remuneration arrangements whilst managing the risks associated with high earning senior executives.

Working with successful individuals across the city spectrum has shaped our understanding of the different drivers of wealth generation. Whether we are working with high income earners such as City brokers and traders or FTSE 250 board members, we provide on-going value through services and insights that consider both the challenges and remuneration structures within their working world.

Services

We support financial professionals with…

Managing concentrated stock position risk in employer stock

By helping you to understand the equity compensation you receive, and the risk it puts you in by way of concentrated equity position, we can then analyse your potential Capital Gains Tax (CGT) liability, identify key event dates to realise those gains, and tailor your financial planning and broader investment strategy, to gradually mitigate risk and improve the spread of your exposure.

Compensation/ bonus structuring in a tax efficient manner

Taking a holistic view of your compensation, aligned to your personal circumstances and goals, we can plan for the most tax-efficient income, including for example bonus sacrifice.

Access to institutional asset managers

The SJP Investment Committee provides supervision and management of the investment portfolios of institutions, pension funds, corporations, and other large groups.

Sophisticated investment solutions for financial professionals

Ensuring correlation between the commitments you have in your role, your appetite for risk, any specialisms you have resulting in a wish to self manage elements of your portfolio, and all designed in a holistic manner around your individual aspirations.

Exclusive access to a network of internal and external specialists

Including tax and trust experts, legal advisers, and other professional services.

These enquiries may be referred to a service that is separate and distinct to those offered by St. James’s Place.

If you are a higher income earner, you need to ensure you are making the most of the tax reliefs available to you. We offer tax and bonus planning advice to help you invest into the most tax efficient vehicles and check that you are on track to maintain your lifestyle in retirement.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore, go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.

Investment Management

Introduction

By grasping your objectives, investment timeframe, and tolerance for risk, we are equipped to tailor an investment strategy that aligns with your needs.

You can take comfort in the fact that our choices are based on thorough analysis. We aim to build a diversified portfolio for you, integrating an appropriate combination of asset types from various geographical areas through a variety of investment approaches.

This will be carefully adjusted to resonate with your principles, allowing you to concentrate on life’s priorities, knowing that we are diligently applying our investment skills to oversee and safeguard your assets with the greatest diligence.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

Curation

Our approach involves confidently steering through the markets for you, adopting a comprehensive perspective on investment opportunities to capitalise on potential gains.

St. James’s Place extensive knowledge of the market and strategic connections enable them to identify, assess, and offer clients attractive and varied investment opportunities.

Our approach to financial and investment management is based on your unique goals. To understand your goals and provide peace of mind throughout your life, we will work with you in three different ways:

PLAN: When aiming towards longer-term financial goals, such as a comfortable retirement, you’ll need a detailed plan. We’ll work together to agree a plan that works for you.

DESIGN: After considering your time horizon and attitude to risk, we can design an investment portfolio to match the plan.

REVIEW: Market conditions change. So can personal circumstances. We’ll keep a close eye on your investments to help them stay on track.

We hold the conviction that long-term investment, spanning decades rather than days, is the most effective strategy to fulfill your life’s goals.

Need a bespoke financial plan crafted specifically for your unique requirements?

Book a Demo

Fund selection

From the world’s best fund managers

Top-tier investment expertise isn’t confined to a single company or place. In order to optimise the management of your investments, we tap into the abilities of some of the most skilled fund managers globally.

As a Senior Partner Practice of St. James’s Place, our clients benefit from economies of scale and the best-in-class fund managers and products.

Controlled by the St. James’s Place Investment Committee

St. James’s Place engages external supervision in handling your investments. This worldwide network of fund managers and essential strategic partners minimises bias and guarantees diverse investment perspectives. We also have a wide range of comprehensive expertise within our practice.

You can be confident that we will pinpoint the most fitting investment strategies for you, supported by data and analytics. Trust us to balance opportunity and risk, with our sights set on achieving your long-term objectives.

The Investment Committee features independent participants who contribute experience and specialised insight, affirming the integrity of their process and decisions.

St. James’s Place Investment Management Approach

Our Value Assessment Statement examines the benefits you gain from our services, based on the investment management approach.

It outlines the ways we offer value, describes the measures we’ve implemented in the last year, and identifies areas for further improvement.

This initiative underscores our dedication to presenting transparent and equitable details regarding your investments with us.

SJP recognises that no single investment house has a monopoly on investment expertise, so don’t employ in-house investment managers. Instead, SJP carefully select a number of external managers to manage the range of funds.

This has a number of benefits:

It gives us the freedom to choose from some of the best managers in the world
It means SJP can change a manager at short notice if the need arises, without inconvenience to you
It gives you a real opportunity to diversify your investments by spreading your money across funds managed by different managers with different styles.

Key to the distinctive approach is the ability to identify and select fund managers from around the world. Contracting out fund management gives greater freedom and the flexibility to source investment expertise on a global scale, giving you diversification and investment expertise that is beyond the scope of many wealth advisers.

Fund managers as at 18 April 2024

The value of an investment with  St. James’s  Place will be directly linked to the performance of the funds you select, and the value can therefore go down as well as up. You may get back less than you invested.

Should you require more information or have particular questions, we invite you to contact us at your convenience.

Contact Us

Workplace Solutions for Private Equity Firms

Characterised by world-class financial talent and elite achievement under extreme pressure, Private Equity (PE) is a rarified sector with its own unique set of challenges. No matter what size your business, to achieve optimum performance, your team demands the perfect conditions in which to focus and flourish.

Designed by Apollo Private Wealth and delivered in your workplace, this financial wellness programme helps to create those conditions, and in turn positively impacts your business and bottom line.

No two Private Equity firms are the same. That’s why we tailor to the precise profile and needs of your business. Our proposition covers a holistic approach across the company.

THE VOICE OF PRIVATE CAPITAL

Proud members of the British Private Equity & Venture Capital Association

The BVCA engages with and supports the private capital community, connecting institutional investors, fund managers, portfolio companies, advisers and service providers. Apollo Private Wealth is an active participant in this valuable forum, where the industry gathers to network, learn and address a wide range of issues. The BVCA represents the industry to key stakeholders in government, Parliament, the media and elsewhere through the advocacy delivered by its policy and external affairs departments.

HOW WE HELP PE FIRMS

Bespoke for you and your employees.

General Partner commitments and co-investment funding

Working with you to meet your GP commitments and build these into your wider financial planning.

Personal financial planning and tax optimisation

Often overlooked due to time limitations, we act as your financial concierge, helping you to utilise the reliefs and allowances that are available to you.

Planning for UK Resident Non-Domiciled Invdividuals

Specialist expertise in the management of offshore assets and remittance planning.

Mortgages and specialist lending for PE executives

With an understanding of complex earning structures, we can help you to secure off-market products, and finding lending solutions for your residential, buy-to-let or commercial purchases, as part of your broader financial plan.

Retirement planning and pension advice

Creating a comprehensive strategy for accumulation and drawdown, based on complex earnings structures, in order to build and preserve wealth for your retirement.

Liquidity and cash management solutions, in the context of co-investment and carry cycles

Capitalising on market-leading rates, investment-backed and Lombard lending solutions, up to a full private banking service.

Estate planning advice

Recommending a mixture of pensions, gifting, trusts, business relief and other solutions specific to your individual circumstances, in order to protect your wealth for future generations.

For broad employee base

Financial education workshops and guidance, through engagement and improved utilisation of your company’s compensation and benefits, including personal financial planning health checks – delivered via digital platforms and larger group seminars.

For emerging leaders

Bespoke guidance for individuals experiencing a greater level of financial complexity, including cashflow modelling, specialist tax planning, and funding GP commitments – provided over 1:1 calls and in-person meetings.

For senior executives

Individual approaches to address the financial complexities of time-poor executives, including investing bonuses and carried interest tax efficiently – with periodic face-to-face meetings, backed up by support online or by phone.

For founders, partners, C-suite and board level

Sophisticated solutions to streamline the intricate financial lives of high net worth individuals and their families, including service provider coordination, advanced risk management and legacy preservation strategies, and transitioning into retirement – achieved during regular 1:1s and supported by ongoing dialogue via phone and digital channels.

Private Equity Professionals

Our expertise in private markets specialises in helping professionals in the private equity and venture capital industry manage their complex personal financial affairs –

– affording them time to focus on creating value in their personal and professional lives.

We work together with our clients in a partnership that allows us to complement their expertise, through a carefully managed service.

HELPING PRIVATE EQUITY PROFESSIONALS

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

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Services

Our accomplished team of wealth advisors are singularly focused on getting to know your priorities, aspirations, and goals.

Tax planning and wealth structuring advice

Understanding and keeping up-to-date with UK tax regulations can be complex and time consuming. We help our clients by structuring their finances tax efficiently.

With access to a dedicated Tax and Technical team and the Technical Connection division at St. James’s Place, we are well equipped to devise intelligent tax-efficient investment programmes and help ensure these remain relevant with changing legislation.

As a wealth management firm, we carefully consider the tax consequences of dividends, income, and capital gains for each client’s portfolio. The tax planning strategies we use include:

Matching tax-generating assets with tax-efficient accounts
Offsetting gains with losses whenever appropriate
Using tax-exempt and tax-advantaged investments as warranted
Closely monitoring the after-tax return on your investments and reporting taxable distributions to your accountant

Tax-aware investing can significantly contribute to the long-term growth of a portfolio.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Specialist residential mortgage advice and lending for complex incomes

As part of our wealth management offering, we can refer you to a range of solutions that have been developed specifically for our clients with more specialist banking and lending requirements. These solutions include;

Exclusive mortgage products and rates
Investment-backed lending
Cash management solutions
Foreign currency exchange services

Your adviser will work with the SJP Private Clients team to understand both your current and future needs as well as your servicing preferences, in order to create a solution to your individual circumstances.

Your home may be repossessed if you do not keep up repayments on your mortgage.

These enquiries will be referred to a service that is separate and distinct to those offered by St. James’s Place.

Pensions and retirement planning advice

Providing you with a plan that is modelled and stress-tested based on your individual cashflow, which demonstrates how you can gradually move out of work or generate partial income.

Pension contributions become complex particularly with a higher level of income, but we can advise on capitalising on tax-efficient pension savings, including how best to use carry forward, in the event that you have surplus funds to contribute, or are restarting contributions (for example, with the removal of the Lifetime Allowance/LTA).

Many employers contribute to your pension on your behalf at rates far exceeding the statutory amount – particularly at a higher level of seniority. We can advise on capitalising on these contributions, as well as maximising your own, based on a tax-efficient strategy that looks ahead to the level of pension funds you may need in retirement.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Advice for UK resident non-domiciled individuals and offshore portfolio management, including tax-efficient remittance of offshore funds via HMRC-approved strategies

Our service draws together the skills and experience of three organisations, each specialising in international investment related services. Together, Rowan Dartington*, Apollo Private Wealth and Credit Suisse are uniquely placed to manage your offshore investments – as well as all of the complex requirements for custody and administration of non-domicile portfolios, whilst remaining compliant with all relevant legislation.

*Rowan Dartington is the discretionary fund management and stockbroking arm of St. James’s Place, and provides a range of additional, complementary wealth management services.

The value of an investment may fall as well as rise. You may get back less than you invested.

These enquiries may be referred to a service that is separate and distinct to those offered by St. James’s Place.

Estate and succession planning to accomplish legacy and charitable goals

With our expert knowledge around inheritance tax (IHT) we can help structure your financial positions, remuneration, retirement planning, protection and business exits, in a way that could mitigate your IHT liability, helping you to pass more of your wealth on to your descendants, and to charitable causes.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Exit strategies may include the referral to a service that is separate and distinct to those offered by St. James’s Place.

Exclusive access to a network of internal and external specialists

Including tax and trust experts, legal advisers, and other professional services.

These enquiries may be referred to a service that is separate and distinct to those offered by St. James’s Place.

Helping fund your GP commitments

The requirement from investors that general partners have some skin in the game in the funds they manage is a perfectly reasonable one. But with such large sums at stake, younger private equity professionals often don’t have sufficient liquid assets available to meet their share of this co-investment requirement, unlike their more senior colleagues who are more likely to be able to fund this from their own savings or balance sheets.

International private equity executives

Our service for UK resident non-domiciled individuals brings together the skills and experience of three organisations, each specialising in international investment-related services. Together, St. James’s Place Discretionary Investment team, Apollo Private Wealth and Credit Suisse are uniquely placed to manage your offshore investments – as well as all the complex requirements for custody and administration of UK resident non-domiciled individuals’ portfolios, whilst remaining compliant with all relevant legislation.

Specialist banking and lending for private equity professionals

We specialise in securing lending terms for private equity professionals with complex remuneration structures, often which high street lenders fail to understand. We work with specialist lenders who assess each mortgage application personally, looking at the client’s holistic picture, including bonuses, carried interest and vesting stock.

UK Resident Non-Domiciled Individuals

We are highly experienced in advising and implementing efficient planning for non-domiciles.

We understand the complexity that may come from being non-domiciled and can advise on a range of tax efficient solutions to suit your financial goals.

At Apollo Private Wealth, we are a diverse team made up of individuals who speak a multitude of languages. We are well equipped to provide practical advice and tailored wealth management recommendations from an international perspective.

Note the UK government has set out plans to reform the non-dom regime. This reform removes preferential tax treatment based on domicile status for all new foreign income and gains (FIG) which arise from April 2025. This reform will abolish the remittance basis of taxation for non-doms and replace it with a modernised regime that is simpler and fairer. Read more here.

HELPING UK RESIDENT NON-DOMICILED INDIVIDUALS

Our team and its partner third party service providers are very experienced in advising and implementing effective planning for non-domiciles. We understand international lifestyles and can recommend a range of tax efficient solutions to suit each client’s circumstances, using effective tax & financial planning and creative solutions. Some of the advice areas we can help with your UK tax position include:

UK residents who were to become deemed domiciled
Non-doms with offshore mixed funds claiming the remittance basis of taxation
Non-doms who were looking to bring funds to the UK under the Business Investment Relief scheme; and
The trustees of certain non-UK trusts

Globally mobile

Our service draws together the skills and experience of three organisations, each specialising in international investment related services. Together, Rowan Dartington*, Apollo Private Wealth and Credit Suisse are uniquely placed to manage your offshore investments – as well as all of the complex requirements for custody and administration of non-domicile portfolios, whilst remaining compliant with all relevant legislation.

*Rowan Dartington is the discretionary fund management and stockbroking arm of St. James’s Place, and provides a range of additional, complementary wealth management services.

Tax status for non-domiciled individuals

Historically, UK resident non-domiciles were allowed a special tax status; they were taxed on all UK-sourced income and gains but only taxed on offshore income and gains remitted (brought into) the UK. However, since the launch of the £30,000 remittance basis charge in April 2008, and the increase in that charge to £60,000 from 6 April 2017 for those longer-term resident non-domiciles, tax planning in this area has become an even greater priority.

As a UK resident non-UK domicile/deemed domicile you only pay inheritance tax on your UK sited assets however once you have been UK resident in 15 out of the last 20 tax years you will become deemed UK domicile and will usually pay inheritance tax on your worldwide assets.

The St. James’s Place Excluded Property Trust (EPT) has been developed to enable non-UK domiciles to pass on accumulated wealth to the next generation and subsequent generations, as well as retaining access to it should the need arise.

It provides an effective method of creating an investment fund for chosen beneficiaries, including yourself as the settlor, while preventing the value forming part of your estate for UK Inheritance Tax (IHT) purposes.

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. The value of any tax relief depends on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.

Capital Markets Professionals

We understand the pressing demands facing City executives in today’s world.

Our dedicated Capital Markets Executives Desk provides our clients with access to specialist banking and wealth management advice.

Our team is proud to work with senior executives from some of the largest financial institutions in the world. We understand the complexities of acquiring wealth through employment, at the heart of our proposition is to plan around complex remuneration arrangements whilst managing the risks associated with high earning senior executives.

Working with successful individuals across the city spectrum has shaped our understanding of the different drivers of wealth generation. Whether we are working with high income earners such as City brokers and traders or FTSE 250 board members, we provide on-going value through services and insights that consider both the challenges and remuneration structures within their working world.

Services

We support capital markets professionals with…

Managing concentrated stock position risk in employer stock

By helping you to understand the equity compensation you receive, and the risk it puts you in by way of concentrated equity position, we can then analyse your potential Capital Gains Tax (CGT) liability, identify key event dates to realise those gains, and tailor your financial planning and broader investment strategy, to gradually mitigate risk and improve the spread of your exposure.

Compensation/ bonus structuring in a tax efficient manner

Taking a holistic view of your compensation, aligned to your personal circumstances and goals, we can plan for the most tax-efficient income, including for example bonus sacrifice.

Access to institutional asset managers

The SJP Investment Committee provides supervision and management of the investment portfolios of institutions, sovereign wealth funds, pension funds, corporations, and other large groups.