There is a real opportunity for estate agents to enhance the services they offer their clients with a full suite of wealth management solutions.

The Estate Agents we work with enjoy referring their clients to a tailored & personalised advisory approach, backed by the scale, security & infrastructure of St. James's Place, one of the UKs market leading Wealth Management companies.

How Lamyman & Co can add value for your clients

Our business draws on a deep knowledge of the financial planning issues arising from both sales, purchases and longer term ownership of property. Our expertise includes complementary services ranging from downsizing financial planning advice, to estate planning and probate sale proceed management.

We value all clients and fully understand their need and requirements for a distinct and bespoke service.

Case Study

A full review of individual circumstances, needs, requirements and risk profile are obtained prior to any advice being provided.

Phil and Jane, a retired married couple in their early 60s, decided to downsize from their five bedroom family home in London for their retirement. They wished to live closer to their daughter, Sylvia and son-in-law Toby and their two children, Simon and Joanna.

Phil and Jane sold their family home for £2,250,000 and purchased a three-bedroom house in a village in Surrey within easy reach of London for £1,250,000.

Their estate agent who dealt with the marketing of their London property suggested that Phil and Jane review their financial affairs more generally, given the financial implications of the sale of such a high value asset.

The estate agent therefore referred them for an initial wealth management consultation to review their financial planning.

Phil and Jane were met multiple times and having had a full financial review, the following planning was implemented:

• An initial review of their retirement planning was undertaken to ensure they could best utilise the cash balance of their property downsize to fund their long term income needs. A number of existing pensions schemes were reviewed to ensure risk levels and withdrawal rates were appropriate.
• A review of their Capital Gains Tax planning was undertaken, suggesting that both of them fund their Individual Savings Accounts (ISAs) for the next 15 years out of the cash released from the property sale, therefore using some of their annual Capital Gains Tax exemptions for ongoing tax-efficiency through the use of jointly owned Unit Trusts.
• For estate planning, investment bonds within a Loan Plan were recommended, allowing Phil and Jane to retain access for a tax-efficient income, with the potential growth falling outside of their estates for inheritance tax (IHT) purposes. A further recommendation was made to waive the loans at a later date in order to further mitigate against Inheritance Tax on their death and preserve that wealth for their children and grandchildren.
• In terms of intergenerational planning, annual stakeholder pension contributions were arranged to create tax-efficient savings pots for their grandchildren, Simon and Joanna, when they reach 55.
• Sylvia and Phil required advice to establish Stocks & Shares Junior ISAs for Simon and Joanna to utilise their Junior ISA allowances, helping with funding future University fees and deposits for first time property purchases.
• For Inheritance Tax planning, a joint life second death whole-of-life policy was written in trust to provide a lump sum on second death to cover some of the IHT liability at that time.

The advice provided was given after a full evaluation of their specific needs, circumstances and requirements. The solutions provided would not be suitable for most investors and the information provided does not constitute advice.

The value of an investment with St. James's Place is directly linked to the performance of the funds selected, and the value can therefore go down as well as up. You may get back less than the amount invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time and are dependent upon individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.