Clarence Place Wealth Management Ltd

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.

As costs rise, it can make it harder to save for your future. The best way to manage this is to face it head-on. If you'...
03/09/2026

As costs rise, it can make it harder to save for your future. The best way to manage this is to face it head-on. If you're finding it harder and harder to stick to saving each month, review your budget as soon as possible. Think about whether there is anything you can cut further, but remember to be realistic. If you want to reduce your food budget, for example, work out exactly how you will do it, such as batch cooking or swapping brands, rather than just taking £50 off and hoping for the best. If you're still spending on non-essentials, ask yourself if you can cut back to keep your savings on track. Also, explore whether you can reduce your outgoings by switching suppliers or brands. Even small changes can make a difference to the amount you can save over a long period. If you can't make any more changes at the moment, it's ok to put savings on hold for the time being and pick it back up when you can.

Are you taking your savings seriously enough? Money management isn’t the most exciting subject, so it can often fall dow...
27/08/2026

Are you taking your savings seriously enough? Money management isn’t the most exciting subject, so it can often fall down the priority list. While it is tempting to avoid it, putting off saving for the future could be an expensive mistake to make.

When planning budgets, we often put savings in the “nice to have” category, alongside things like holidays, going out or impulsive purchases. The problem with this is that long-term savings are often overlooked because it’s easy to forget about them in favour of something more immediate, such as eating out.

If you prioritise savings alongside necessary bills like your mortgage and utilities, it will give you a clearer idea of what you really have left each month to spend on the non-essentials. This will help you have more control of your finances and find more money to save. You’ll be surprised by how quickly it adds up.

Planning for retirement can be daunting, particularly if it doesn't feel too far away and you're unsure what money you w...
20/08/2026

Planning for retirement can be daunting, particularly if it doesn't feel too far away and you're unsure what money you will have when you get there. It can be tempting to keep putting it off, but planning can help you have more control over it. It's never too late to start thinking about it, so if you haven't yet, spend some time calculating what your retirement may cost. This will help you see what your options are so you can put a plan together to help you achieve it.

Financial literacy is essential, and unfortunately, far too many adults are daunted by money management, which can have ...
13/08/2026

Financial literacy is essential, and unfortunately, far too many adults are daunted by money management, which can have a detrimental effect on your control over your finances.

If this is you, start thinking about money management like you would any learning a new hobby or a sport. If you take time to learn as much as possible, you can quickly improve your knowledge and, in turn, your confidence.

Whether it's reading books, websites, newspapers, and magazines, read as much as you can about finance, particularly things that are likely to affect you. Getting a better understanding of your personal situation can help, too – such as finding out more about your tax situation or starting a budget.

Gaining better insight into your finances, spending habits, and ways to reduce costs will help, too.

Do you know what your credit score is? Don't wait until you need to borrow before looking at it. This is often too late....
06/08/2026

Do you know what your credit score is?

Don't wait until you need to borrow before looking at it. This is often too late. If your score is not as good as you'd hoped, making changes or correcting errors can take time. Make sure you're checking it regularly and doing what you can to make it as good as possible.

Do you need to set some goals for your money? Take a look at our top tips:Consider both long-term and short-term goals- ...
30/07/2026

Do you need to set some goals for your money? Take a look at our top tips:

Consider both long-term and short-term goals
- It’s good to have a mix so you can stay motivated.

Be as detailed as possible
- Make sure you include everything. Where do you want to live? What will you do for income? Do you have plans for hobbies? Will anyone else be reliant on your money? Do you have contingencies in place in case you become unwell? The more detail you have, the better.

Find accurate costs
- Don’t just guess amounts; look into how much things will cost and make sure you’re including everything.

Factor in inflation
- Prices will rise before you reach your goals, so make allowances for that when calculating how much you will need.

Check back in on your goals regularly. Life changes, so your goals might too. Make sure they’re still relevant and tailor them if not.

There have been a lot of reports lately about the rising cost of living, in particular increases in the price of fuel, g...
23/07/2026

There have been a lot of reports lately about the rising cost of living, in particular increases in the price of fuel, gas and electricity.

Sudden changes to our outgoings can be scary – trying to find extra money each month can mean you end up eating into your savings or falling into debt.

This is why it’s even more important than ever to make room in your budget for these potential increases and, where possible, create a savings pot specifically for unexpected spending so you can stay in control.

When putting a budget together, look closely at bills that could rise and charges that are most likely to change. Factor in annual increases for services such as Wi-Fi or TV subscriptions and put extra aside for increases in energy bills and food costs. To try to ease the pressure of rising prices, you could also look at where you can make savings straight away. Small changes such as switching suppliers, swapping branded food items for supermarket own and cutting back on subscriptions that you're not making the most of can help reduce your spending.

What are you subscribing to?Subscription services seem to be everywhere at the minute. All kinds of products and service...
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.

For budgets to work well, they need to be working documents. If you don’t factor in changes to your spending, however bi...
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.

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...
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.

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30, Lombard Street
London
EC3V9BQ

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

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