AN EVOLUTIONARY APPROACH TO TAX EFFICIENT SOLUTIONS Presented by Steve Edgington – Head of Strategic Partnerships
LEARNING OBJECTIVES 1. To highlight some of the key issues facing advisers and clients in an ever evolving tax landscape 2. To revisit the potential benefit of working with providers on a consultancy basis in the interest of their clients 3. To understand how effective Inheritance Tax (IHT) planning working with professional connections can help to achieve clients goals
BLACKFINCH SPECIALIST IN TAX EFFICIENT INVESTING Blackf ckfinc inch h deliver vers s value ue for client ents s throug ough h evolve lved d invest estmen ment t solut utio ions ns — 25-year heritage with origins dating back to 1992 — £200 million in assets under management and growing — Highly differentiated Inheritance Tax solutions — Adapt pt AIM Portfoli folios os — Adapt pt AIM ISA Portfol tfolios ios — Adapt pt IHT Protected ected Portfolios tfolios — Adapt pt IHT Portfoli folios os — Range of tax-efficient solutions for retail and corporate clients — Thrive ive Corpo porate rate Managem agement ent Service vice — Coming ing soon: n: Blackfi ckfinch nch Wealth lth – Managed ged
AT BLACKFINCH WE AIM TO BE DIFFERENT — Paradigm – long personal relationship — New strategic partner 2018 — Highly professional adviser firms — Take a consultative approach with advisers — We work to understand your clients requirements — Generate new income streams — Discuss case specific scenarios
EVOLVED APPROACH We work k with th advi vise sers rs to deli live ver r inno nova vative tive port rtfo folios lios for r inves estors tors Our servi vice ces have e two commo mon n chara ract cter eris isti tics cs: — Capital preservation and risk mitigation – focused, strategic approach — A strategy to generate a real return – belief in value for investors We provid vide solutions utions focus cused ed on capit pital al protection, tection, secur curity ity and d growt owth h offer fering ing clients ents a range nge of flexi exible ble
WE HAVE A DIFFERENT APPROACH TO WORKING WITH ADVISERS Suppor ort for advisers sers every ry step p — EDUCATION of the way : product training, presentatio ns — TRANSPARENC Y: Transparent FLEXIBILITY: — COMMUNICATION approach based Range of investment : on honesty and Internal or external support opportunities always available simplicity — SUPPORT: technical support, case studies, illustrations
SERVICE AND SUPPORT — CUSTOMER SERVICE: Dedicated staff focused on high quality service SUPPORT FOR CLIENTS THROUGHOUT INVESTMENT PROCESS — EXPERTISE: — TRANSPARENCY Expert : Transparent management approach team working based on to meet honesty and client needs simplicity
TAXING ISSUES FOR CLIENTS Clients ents face a range ge of taxing ing issue ues INCOME TAX INHERITANCE TAX CAPITAL GAINS TAX The current The UK has one The UK has one £325,000 of the highest of the highest threshold is set rates in the rates worldwide against rising world for high for high earners property values earners
HOW HAVE WE HELPED ADVISERS – A FEW IDEAS WORKING WITH ADVISERS Fees & Charges — We work closely with advisers to help generate quality referrals from connections — Business Development Manager Specialist will join you to meet with your solicitors to go through planning ideas/case studies to demonstrate how clients — An excellent way for advisers to show they have access to specialists knowledge if required for sometimes complex cases/high net worth — Also provides useful training for these professionals as they need to ideas or they could be sued for not knowing when to refer clients for — We do not take business direct from clients so this is a “safe” option trying to take your business!
HOW HAVE WE HELPED ADVISERS – A FEW IDEAS WORKING WITH ADVISERS Fees & Charges — We can also always offer to meet your clients with you — Tricky/difficult/ high net worth client – maybe an adviser does not have the confidence with these clients and can call upon our knowledge and support as this is our specialist subject — We clearly point out that the adviser is giving the advice but we are there to answer any questions/can talk about legislation/more in-depth detail on investments as required — Positively received within the adviser community
INVESTMENT OBJECTIVES ADAPT IHT PORTFOLIOS — Capital Preservation Portfolio — Growth Portfolio ADAPT IHT PROTECTED PORTFOLIOS — Provides life cover for first two years of investment — Three options Capital Preservation, Balanced or Growth
ADAPT IHT PORTFOLIOS: FEATURES Adapt IHT Portfolios help clients preserve wealth, with return potential C A P I TA L P R E S E R VAT I O N G R O W T H TA R G E T S 6 % P. A TA R G E T S 4 % P. A
ADAPT IHT PROTECTED PORTFOLIOS: BACKGROUND TO LIFE COVER Life cover is integral to the Adapt IHT Protected Portfolios Developed through working with a Lloyds of London underwriter Designed to mitigate IHT for the first two years before BR comes into effect Starts from the date shares are acquired and expires after two years On death covers 40% of the original gross investment (subject to conditions, up to £100,000)
HOW HAVE WE HELPED ADVISERS – ACTUAL CASE STUDY Fees & Charges — Adviser has an excellent accountancy connection who has 500 high net worth individuals who each want to invest £100,000 into residential property tax efficiently — Following a consultation EIS was discounted and also BR qualifying investments — However, we mentioned that the Property Authorised Investment Fund structure may be a potential option (OEIC authorised by the FCA)
HOW HAVE WE HELPED ADVISERS – ACTUAL CASE STUDY Fees & Charges — Spoke with our Chief Investment Officer, Richard Simmonds who saw the adviser the next day with some of our investment committee; an explanation of what the clients were looking for; PAIF put forward as concept — Report was done in 24 hours for the adviser to take to the accountant — Positively received by both the accountant and clients evidently and he is expecting to get the go ahead shortly — We could set this up for them within three months including FCA approval. So from initial contact to report delivery was within 48 hours!
SUMMARY Our commitment to our customers runs through everything we do • Investment philosophy: adaption to market change and customer needs OUR • Customer service: delivering results for clients and support for advisers COMMITMENT • Regulatory alignment: transparent approach fully aligned with FCA • • Transparent management fees WE DELIVER • Rewards equitable with risks taken VALUE • Professional service and support
IMPORTANT INFORMATION This presentation is being issued by Blackfinch Investments Limited, which All statements of opinion and/or belief contained in this presentation and all views is authorised and regulated by the Financial Conduct Authority (“FCA”) (FCA number: expressed and all projections, forecasts or statements relating to expectations regarding future events represent Blackfinch Investments Limited’s own assessment and 153860). Registered Address: 1350-1360 Montpellier Court, Gloucester Business Park, Gloucester, GL3 4H. interpretation of information available as at the date of this presentation. Any decision to invest in this service should be made on the basis of the information contained in the product brochures and the terms and conditions. Prospective investors This presentation does not constitute, and may not be used for the purposes of, an offer or must rely on their own examination of the legal, taxation, financial and other consequences invitation to treat by any person in any jurisdiction outside the United Kingdom. This of investing and the risk involved. Prospective investors should not treat the contents of this presentation and the information contained in it are not for publication or distribution to presentation as advice relating to legal, taxation or other matters and if in any doubt about persons outside the United Kingdom. It does not constitute a public offering in the United the information discussed in this presentation, its suitability, or what action should be taken, Kingdom. should consult their own professional advisers. Whilst Blackfinch Investments Limited has taken all reasonable care to The Blackfinch products may not be suitable for all investors and we would recommend that ensure that all the facts stated in this presentation are true and accurate in all material prospective investors seek independent advice before making a decision. respects and that there are no other material facts or opinions which have been omitted where the omission of such would render this presentation misleading, no representation or warranty, express or implied, is given as to the accuracy or completeness of the information or opinions contained in this presentation and no liability is accepted by Blackfinch Investments Limited, or any of their directors, members, officers, employers, agents or advisers, for any such information or opinions.
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