PAM Guide to Wealth Management

Evaluate the effect of your financial decisions

All your financial decisions are inter-related, so you need to consider the consequences of one action on other areas of your finances. Investments may affect your tax liabilities and unexpected expenditure on an overseas property may impact on your liquid savings for your targeted retirement income. For example, if you invest £100,000 in a portfolio of collective funds, with no structuring to limit tax liabilities and you sell the funds as soon as you make gains, you will be subject to capital gains tax on these investments. The gains from the investments will be reduced by tax without careful planning to make sure your investments are tax efficient.

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The PAM Directory is a comprehensive guide on comparative data focusing on asset managers, investment managers, private banks, stockbrokers, wealth managers and multi-family offices, who provide discretionary and/or advisory portfolio management services for private clients.

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