What is intergenerational wealth management?

Intergenerational wealth management is about how families use their collective wealth to support each other during their lifetimes. Increasing life expectancy and major social change mean many families need to reconsider how their wealth can work harder for the benefit of the whole family.

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Traditionally, wealth has passed from one generation to the next upon death. However, intergenerational wealth management challenges that notion and looks at how families can use their wealth more collaboratively to support each other during their lifetimes.

The traditional way of passing on wealth when you die no longer works for everyone. “Baby boomers” are retiring with more wealth than any generation in history. At the same time younger generations are finding it harder to get on the property ladder, or to repay student debt. More people are asking the question “how do I make my wealth work harder for the whole family?” At the same time, with life expectancies increasing, you might have concerns about making sure you have enough money for later life.

Passing On Your Wealth

Intergenerational wealth management is all about control. You can choose when you pass on your wealth, who to, and how much. It allows you the satisfaction of seeing your wealth work for your children and grandchildren in your lifetime. And controlling how and when you pass on your wealth means that you can do so as tax efficiently as possible too.

According to the Office for National Statistics, you’re most likely to receive an inheritance between the ages of 55 and 64. At this point in life you may well be retired or considering retirement yourself. But had you received some of that inheritance earlier in life, could it have helped you more?

Our Approach To Intergenerational Wealth Management

We offer a full range of wealth management services to help you meet your goals. Intergenerational wealth management usually involves a combination of the following services:

Financial planning

Understanding your current situation, where you want to get to, and then recommending a strategy to get you there, tailored to your objectives. 

Cashflow modelling

Projecting what your current wealth might translate to in different future scenarios (including spotting potential shortfalls and how to address them). This might involve modelling situations such as helping the next generation get on the property ladder, or how your wealth might work depending on increased/decreased life expectancy.

Investment solutions

We can advise on specific products and solutions to meet your objectives.

Tax planning

Advising you on the tax saving allowances available to you, and making sure they’re used.

Grosvenor are here to support you and your family’s future

If you’re considering passing on wealth before you die, our financial planners are here to help. We can advise you on how to give the right people the right amount, at the right time. We’ll do this in a way that’s affordable, sustainable and tax-efficient over the long term.

PLEASE ALWAYS REMEMBER: Grosvenor Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority. The value of investment can go down as well as up and you may not get back the original amount you invested. Tax treatment is dependent on individual circumstances and may be subject to change. Tax planning is not regulated by the Financial Conduct Authority.


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