Personal Injury | Gresham Wealth Management

Gresham Wealth Management provide a comprehensive range of wealth management and financial planning services tailored to recipients of personal injury and clinical negligence awards.

Having built our expertise in this field over many years, we understand that those who have received compensation as a result of injury or a medical mistake will have been through a life changing series of events.

In cases where awards are significant in value, it is imperative that the expertise of a wealth management practice is utilised to ensure that the claimant’s standard of living is maximised for the longest possible period of time.

We aim to provide the guidance, education and care required to ensure that the award fulfils its primary purpose of meeting the claimant’s care needs and ongoing income and expenditure requirements.

We work with a small number of solicitors, providing guidance and expertise as required throughout the course of the claims process.

Trustee and Deputy Support

Gresham WM help trustees and deputies to ensure that they comply with their duties as defined by the Trustee Act 2000 and the Court of Protection.

Our services for trustees and deputies include the following:

The implementation and ongoing review of a structured investment portfolio designed to ensure that trustees and deputies comply with the Trustee Act 2000 and the requirements set out by the Court of Protection.
The provision of financial planning services tailored to the claimant’s needs and circumstances, accounting for their entitlement to welfare benefits.
Tax management.
Guidance in respect of the purchase of residential property (by trust or otherwise). Our experience in this area extends to the purchase of council housing under right-to-buy and retention of the available discount.
The completion of annual cashflow analyses to assess sustainability of income delivered by lump sum awards.
Guidance in respect of carer cover and family care payments.

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Investment Management

Implementing an appropriate investment strategy is vital in ensuring that claimants receive the full benefit of an award throughout their lifetime.

Gresham Wealth Management construct investment portfolios with the objective of achieving long term capital growth, managing risk and providing liquidity. At the heart of the investment strategy will be the claimant’s projected care needs, expenditure requirements, ongoing income sources (PPO, welfare benefits, earnings and pension income), asset position and risk profile.

Ensuring that the appropriate level of risk is taken on an ongoing basis is paramount when managing personal injury awards. Balancing the need for access (in the form of regular and lump sum withdrawals) and capital growth requires a strong appreciation of the risk-return characteristics of the asset types that make up the claimant’s investment portfolio.

Our Investment Committee is responsible for the construction and maintenance of investment portfolios. The members of the Committee are highly qualified and offer a significant number of years’ experience in this field. The in-house investment process ensures that we have complete oversight of clients’ exposure to individual asset classes, geographic regions and industrial sectors.

The Investment Committee consider guidance provided by the Court of Protection and case law in providing investment services in respect of personal injury and clinical negligence awards.

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Personal Injury Trusts (PITs)

Where claimants are in receipt of welfare benefits or are expected to require access to local authority care services in the future, it is important that they seek advice about the use of Personal Injury Trusts (PIT’s). Our service ensures that claimants understand the purpose of the PIT and the award is managed in such a way as to maximise entitlement to welfare benefits on an ongoing basis. We will arrange for the trust deed to be drafted and open the trust bank account, where appropriate.

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Pre-Settlement Services

Gresham Wealth Management work with claimant solicitors pre-settlement with a view to ensuring that the right outcome is achieved for the claimant.

In this respect, our services include the following:

The provision of suitability reports in respect of Periodical Payments vs. Conventional Lump Sum settlements consistent with current legislation.
The completion of cashflow analyses with a view to determining the level of income that could be sustainably delivered from lump sum awards.
Arranging for the creation of personal injury trusts and trust bank accounts to ring-fence interim payments and in preparation of final settlement.

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Post-Settlement Services

Having worked hard to ensure clients have the funds available to live their life to the highest possible standard, ensuring receipt of the ongoing advice needed is the next logical step.

Our post-settlement services include:

Investment Management
Trustee and Deputy support
Cashflow planning
Ensuring the trust is managed with a view to retaining entitlement to means tested state benefits and local authority care provision
Guidance in respect of the purchase of residential property, including council properties under right-to-buy

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I am only in this position because of you. One of the best decisions I have ever taken going with GWM.

With great thanks for all your reassuring attention over the last year. It means more to me than I can express in a few words.

I just want to thank you and your team so very much for all you do for me throughout the year. It is a real comfort to know that my investments are in such capable hands. I literally couldn’t do it on my own.

We are both very grateful for the time you spent with us in explaining various options. We certainly feel we now both have a much better understanding of our situation & the decisions which we need to consider moving forward.

Thanks again for your advice, you have given me the kick I needed to take control and I’m very grateful for that.

We feel we can phone at any time during office hours if we need anything clarifying. Our financial adviser knows our personal circumstances and is in tune with our goals and lifestyle. His advice has been and continues to be excellent.

You’ve solved that dilemma for me… Thank you for being so clear and honest as always.

A very personalised service… All advice is tailored to my needs with great consideration to issues I may not have thought of myself. I feel confident about my future finances.

Thank you so much again for your time and brilliant advice.

Just a big thank you for all you have done for our family. We do appreciate it.