Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a659142
Ex-Bestinvest CIO Frost & Matrix man join new VCT/EIS discretionary firm
by Annabelle Williams on Feb 15, 2013 at 10:17
Spencer expects the service will primarily appeal to intermediaries who looking to invest in tax-efficient structures but are unwilling to undertake all the due diligence on VCTs and EIS themselves.
‘Many IFAs are uncomfortable building portfolios of VCTs and EIS and if they don’t do enough of volume, it may not be commercially worthwhile taking in to account the amount of due diligence required’ he explained.
Charges for the service are yet to be decided, although Spencer admits it will be more expensive than a traditional multi-asset discretionary portfolio due to the costly nature of the underlying investments.
News sponsored by:
Today's top headlines
More about this:
More from us
- Bestinvest CIO Frost to exit in major strategic review
- HMRC wins court battle against £80m Matrix tax scheme
- Managers demand post-RDR trail clarity from VCT providers
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
by Sarah Miloudi on May 24, 2013 at 09:37