12 January 2017

Ascentric offers advisers access to Puma AIM portfolios

4 min read

 
Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Corporate PR Specialist – Long Term Savings

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Ascentric, a wrap platform for financial planners, today announces an agreement with Puma Investments, giving the platform’s users access to Puma Investments’ AIM Portfolio service. 

This IHT service will be available on the Ascentric platform as a fully integrated offering.

With access to the strength of Ascentric’s stockbroking service for exchange listed securities, the Puma Investments service will invest in firms offering long term growth potential and the opportunity for inheritance tax relief through investing in AIM listed stocks, which qualify for Business Property Relief.

The portfolio offered by Puma will have an annual charge of 1.25% plus VAT. Clients can access the service with a minimum investment of £15,000.

The addition of the Puma AIM portfolio follows the recent appointment of Andy Zanelli to lead the development of Ascentric’s adviser technical support service, as the firm builds on its offering for financial planners. Ascentric is committed to supporting financial planning, providing access to the products and services that allow advisers to manage their clients’ needs and objectives throughout their lifetime and on to the next generation.

Justin Blower, Head of Sales at Ascentric, said:

We are excited to be offering the Puma AIM portfolio service through the Ascentric platform, as we continue to provide advisers with access to the specialist products they have been asking for. The new portfolios will benefit from our in-house stockbroking capability and allow us to navigate some of the inherent nuances of the AIM market, such as limited liquidity and wide pricing spreads. This service can deliver tangible investment benefits for advisers and their clients.

Puma’s Chief Executive, David Kaye, said:

Our AIM IHT Service has delivered strong risk adjusted returns for investors since its launch in 2014. The Service combines the potential benefits of long term growth investing with potential inheritance tax relief for investors in and outside of ISA tax wrappers. As we broaden our distribution to suit our clients’ requirements, we are delighted to partner with a market leading wrap platform like Ascentric, which is well positioned to meet our high standards in serving advisers’ needs.

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For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

Notes to editors:

1. A photo of Justin Blower is available on request.

2. An investment in the Puma AIM Portfolio Service carries risk, including:

  • General: Past performance is no guarantee of future results and share prices and their values can go down as well as up. Forecasts are not a reliable guide to future performance.
  • Capital at risk: An investment in Puma AIM portfolio can be viewed as high risk. Investor’s capital may be a risk and investors may get back less than their original investment.
  • Tax reliefs depend on individual’s personal circumstances, minimum holding periods and may be subject to change. There can be no guarantee that the underlying investments of the Puma AIM portfolio will fulfil the criteria to obtain tax relief.
  • Liquidity: An investment in the Puma AIM portfolio should be regarded as illiquid and it may prove difficult for investors to realise immediately or in full the proceeds.

For more information, including the risk factors, please visit: www.pumainvestments.co.uk

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June 2018.

About Ascentric:

Ascentric, IFDL and Fundsdirect are trading names of Investment Funds Direct Limited (IFDL).

Investment Funds Direct Limited was founded in 1982, and Fundsdirect launched as the UK’s first online fund supermarket in December 1999. Since that time, the company has built on its reputation as a leading UK fund supermarket to provide Financial Advisers with a Wrap platform under the brand name of Ascentric. It provides a full white label solution for institutional clients requiring bespoke technology and administrative services.

Ascentric is a Wrap platform, available exclusively to financial advisers and offers a fully integrated online investment management and dealing platform. It also enables advisers to transfer their clients’ assets onto a single platform to provide them with the ability to manage their client’s financial needs in just one place.

About Puma Investments:

Part of the Shore Capital group, Puma Investments is a specialist provider of tax efficient solutions. Puma Investments is the trading name of Puma Investment Management Limited which is authorised and regulated by the Financial Conduct Authority (FRN 590919).

See: www.pumainvestments.co.uk