Money Management in the Postmodernist Era


As art continues to evolve, so does the way in which we talk about inheritance. The conversation about inheritance is moving from being tight-lipped to a more open affair, giving families the opportunity to share wealth across the generations.

When looking at passing down wealth it is important to understand how this can affect future generations. In the arts and collectables world, the art you own, regardless of its category, will be classed as an asset of your estate, liable to Inheritance Tax of up to 40 percent.

But it’s not just the value of your art that you should think about. Wealth distribution has changed and continues to evolve from what was the simple task of passing down inheritance from one generation to the next. This postmodernist era has seen the evolution of the modern-day family into a multi-generational one.  The so-called ‘sandwich generation’, people in their 40s and 50s, are now supporting retired parents while simultaneously helping their own children, and there may even be another tier as their children have children.

The intergenerational issues being faced across the different life stages mean that all generations will find it pays to make financial planning more of a family affair.  But approaching wealth management can be difficult when you aren’t sure where to start. That’s when it can often pay dividends to take advice from those with the relevant expertise and experience.


“When it comes to seeking expert advice, it’s important that the advice provided is holistic”, says Alexandra Loydon, Divisional Director of St. James’s Place Private Clients. “This means talking to an advisory able to provide a breadth of expertise. Lawyers, accountants, trustees, banking, pension and investment specialists all play an integral role in the advice process and having them work together is key.”

Having a team in place to understand how to make your wealth work effectively for you, is just as important as being prepared to gift your assets to your future generations. “It’s about being tax efficient” says Loydon – “When people come to us for financial advice, we look at their wider picture.  In addition we’re aware of the regulatory and legislative changes taking place that impact our clients, so we keep them in the know, supporting them to make informed decisions. ”

Pursuing advice that includes inheritance planning is often the best way to offer ongoing support to multiple generations. It needs to include how you plan to pass on your wealth, and how your wealth can benefit those in your family whilst you’re still alive. There is not a one-size-fits-all solution when it comes to wealth and the management of what you leave behind. The benefit of working with a qualified financial expert, who offers a holistic approach, is that the advice doesn’t stop at you. It is a guiding principle of wealth management firm St. James’s Place that money education is just as important as money management. By building a trusted long-term relationship with a qualified adviser, you’ll know that your wealth is being professionally managed and safeguarded for you, your family and for future generations.


To find out more about how St. James’s Place can help you and your family call 0800 1310103 or visit to find out more about how our Private Clients Division can tailor financial solutions that specifically meet your needs and those of your family.

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 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.

St. James’s Place representatives represent only St James’s Place Wealth Management plc, which is authorised and regulated by the Financial Conduct Authority. Registered England Number 4113955



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