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Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 5pm

Clarence Place Wealth Management Ltd

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Clarence Place Wealth Management Ltd

Clarence Place Wealth Management is a Partner Practice of St. James's Place Wealth Management.

Shortlisted in three categories in the the Professional Adviser Awards 2024

Providing high-quality, bespoke advice to help our clients plan for the future.

16/07/2026

What are you subscribing to?

Subscription services seem to be everywhere at the minute. All kinds of products and services such as TV channels, music, mobile phone apps, magazines and memberships to clubs, entertainment venues or even food and beauty products are now offered on a subscription basis. It’s a popular option for companies, but it can be hard to remember what you’ve signed up to.

This is why it’s vital to budget or take time to look through your bank statement each month. Even if the subscription is only for a small amount of money, it can soon add up, and you may not be getting as much value as you think you are from signing up. Take a look at your subscriptions and for each one, ask yourself if you’re really using it enough to justify it and check whether it’s good value for money. If you’re starting a new subscription, make sure you’re checking the terms and conditions so that you know when and how to cancel.

09/07/2026

For budgets to work well, they need to be working documents. If you don’t factor in changes to your spending, however big or small, it can easily derail your savings plans. Spend a little time each month double-checking that you’ve accounted for everything and added anything new.

02/07/2026

Budgeting is a great way to take control of your money as you know exactly what’s coming in and out, but reviewing it is just as important. Just because you have one in place, doesn’t mean it’s working for you or that it’s up to date, and it could mean you’re spending money you don’t have.

With increases in the cost of energy bills, food and other essentials, it’s worth spending time to update your budget now. There are also lots of other reasons why your budget might need altering that you may not have thought about, such as changes to your lifestyle or family. A child starting school, for example, could mean cheaper childcare bills, but have you also considered other expenses such as school uniforms and trips? A new job is likely to come with salary changes but could also affect what you’re spending on travel or lunches.

Things like a change in eating habits, a new hobby or even just going out to eat more (or less) than you used to can make a big difference, so it’s worth checking you’ve accounted for everything accurately every few months. It’s also a great opportunity to see if there’s anything you can cut out or swap to save more.

25/06/2026

Have you booked a holiday recently? People often remember to budget for the cost of the trip, but are you factoring in all the other holiday spending, too? It’s easy to forget things like buying food at the airport, petrol, taxis or transfers, eating out more, replacing holiday clothes or even just sun cream or insect repellent. All these small costs add up, and if you haven’t factored them in, it can be easy to overspend. Make sure you include as much as you can in your budget.

18/06/2026

If you’re heading off on holiday soon, here’s a reminder of our top tips for managing your holiday spending:

- Set a budget before you go and try to stick to it as much as possible
- Make sure your budget is realistic
- Plan ahead for activities – tourist attractions often offer discounts if you book trips ahead of time or choose certain days
- Check airline and hotel or accommodation policies carefully to ensure you’ve factored in any extra charges
- Don’t forget to include hire car or other travel costs
- If you’re going abroad, shop ahead for the best exchange rates

12/06/2026

What does your future look like? Do you have a plan for retirement or any big life goals for the next 20 or 30 years? If so, do you know how you will afford them or how much they are likely to cost? You are more likely to achieve your long-term goals if you properly plan for them.

04/06/2026

Regularly reviewing your statements or online banking app is an important part of money management. Not only will it ensure you pick up on any errors quickly, but it will also help you see if there are any savings to be made. Whether it’s a forgotten subscription you don’t use or you’re spending far more on eating out than you realised, a quick check over your purchases each month can help you stay in control.

21/05/2026

Do you know where your pensions are? If you’ve changed jobs a few times and haven’t moved your pensions, the likelihood is that you have different pension pots in different places. If this is you, and you’re not sure what you have, take some time to track them. Once you have, keep a list of all the details you may need.

30/04/2026

Many people know of trusts as a mechanism for reducing Inheritance Tax, but trust and estate planning can also be helpful for other reasons. Trusts, in particular discretionary trusts, can offer protection for your assets against a number of different changes in circumstances. If you are considering gifting assets in the future, it may be worth exploring whether a Trust could be an option for you.

Please note that trusts are not regulated by the Financial Conduct Authority

23/04/2026

Are you hoping to start budgeting for the new year? Take a look at our top tips.

1. Take the time to do it properly
Don’t be tempted to rush it.
Make sure you have accurate costs of everything you spend.

2. Be realistic
If you’re trying to reduce spending in certain areas, make sure it’s achievable. For example, if you want to spend less on food shopping, think about how you will do it. Will you be switching brands or ingredients? Is it still possible to cover all your meals on the amount left? Make sure you’re pricing it all up correctly.

3. Check you have budgeted for every purchase
Before buying something, ask yourself if it is included in the budget. And if it is, record it as soon as possible, so you don’t spend that money more than once. It’s all too easy to buy impulsively, especially for small purchases, but it soon adds up.

4. Look for savings
Use it as an opportunity to find as many ways to save as possible. Can you reduce subscriptions you’re not using or change suppliers? Are there smaller purchases you’re making frequently, such as coffee on the way to work, that you could live without?

5. Update it regularly
Check often to make sure it’s still up-to-date and accurate. If something changes in your life that affects your money, properly account for it in your budget to ensure you’re still on track.

Address

30, Lombard Street
London
EC3V9BQ

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

http://www.clarenceplace.co.uk/

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