UK-headquartered wealth manager Credo has launched an Alternative Investment Market (Aim) inheritance tax (IHT) managed portfolio service, with stock selection advised by Unicorn Asset Management.
The service provides IHT relief to investors by investing in a diversified portfolio of approximately 30 Aim shares that qualify for business relief, provided shares are held for at least two years and held at time of death.
Credo will act as the discretionary manager of the service, while Unicorn brings experience in Aim investing to their role as adviser.
The wealth manager said that a “key differentiator” of the service is that investors can “choose not only from Growth and Income portfolios but also two ESG-focused portfolios”.
Other features include:
- The Growth portfolio will re-invest any dividends received to maximise capital growth;
- The Income portfolio will be orientated around higher income generating Aim investments; and
- The ESG portfolios allow investors to invest in portfolios run to Growth or Income mandates but also take further ESG considerations into account.
Charles van der Merwe, Credo chief executive, said: “We have seen growing demand from both our private client and financial intermediary client segments, for a choice of investments to meet very specific investment objectives. Being able to provide Growth, Income and ESG options provides investors the required flexibility around estate planning. The synergies between Credo’s investment approach and Unicorn’s makes them an ideal match.”
Credo is an independently owned wealth management services business established in the UK in 1998. The firm provides wealth management services to private clients, and wealth platform and investment solutions to financial intermediaries. Credo has offices in the UK and South Africa.