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BPR products and BPR qualifying investment companies all have the same key
investment objectives:
Capital Preservation
IHT Mitigation
Ongoing Access to Funds
Steady Growth
Low Risk
Investing in unquoted companies (which includes AIM listed shares)
However, the BPR industry has developed a number of strategies to accomplish these
objectives, and there are in fact meaningful differences between the various providers
and their offerings. The biggest difference will be between the underlying investments
- and whether they are listed on AIM or unlisted - but even beyond this, managers
have different approaches, different philosophies and they will utilise different legal
structures.
No two offerings are exactly alike, so we think that advisers have to look beyond the
investment objectives and investigate just how the providers structure and manage the
investments – different offers will suit different investors.
COLLABORATION
Over the next few pages the BPR product providers who agreed to cover the costs of
designing and printing this report are profiled so readers can get a feel for just how firms
and their offerings can differ. As such, these pages do not qualify for structured CPD.
We’ve worked closely with these providers to develop the report. They were given the
opportunity to input into the original scope of work, review and comment upon earlier
drafts and gave us guidance on some of the more technical points. Some of their quotes
and comments have been included in relevant sections of the report, attributed to
the contributor. The providers also sent our survey questionnaires out to their own
databases of advisers and investors.
However, whilst the providers have had this input and participation in putting the report
together, we should stress that the work has been done by Intelligent Partnership and
any errors or omissions are entirely our own.
This collaboration is part of our effort to work with the tax efficient investment providers
in an industry-wide initiative to educate financial advisers on their products and
services. As with our previous EIS Industry Report, the intention is to get this report
into the hands of the 5,000 financial service professionals who are most interested and
engaged in this topic. We’ve also worked with the industry organising training events
covering EIS and VCTs.
PROVIDERS IN FOCUS
