AIM Industry Report 2017/18

74 75 PUMA AIM IHT SERVICE TIME:AIM ISA/BR SERVICE THORNTONS IHT PORTFOLIO SERVICE MANAGER PUMA Investments TIME Investments Thorntons Investments DESCRIPTION OF OFFER A discretionary portfolio service that seeks to deliver long-term growth and mitigate IHT by investing in a carefully selected portfolio of AIM shares. The service is available in ISAs via either a new or existing account and is also accessible via the Ascentric, Standard Life and Transact wrap platforms. The service has won the Growth Investor Award for Best AIM Investment Manager for two years running (2016 and 2017). Puma Investments as a group has also recently won Best Tax Efficient Group at the Investment Awards. TIME:AIM uses a ‘smart passive’ approach in selecting Business Relief (BR) qualifying companies quoted on the AIM market. The service is designed to offer investors Inheritance Tax relief in just two years while also aiming to provide lower volatility returns than the AIM market. The service only targets the largest AIM quoted companies that qualify for BR, creating a robust portfolio that will allow investors the opportunity for significant growth potential at a lower AMC to many active managers. We offer a platform based model portfolio service to financial advisers whose clients are looking to mitigate liability to IHT. Investors in the service gain access to a well-diversified portfolio of 30 to 40 AIM quoted companies, selected and closely monitored by our experienced investment team. These stocks are expected to qualify for Business Relief (BR) after two years. YEAR FOUNDED 1985 (Shore Capital, parent company of Puma) 2011 1995 AUM (IN TOTAL) £800m £750m £411m total AUM (ON AIM) £11.2m £20m £10m LAUNCH DATE July 2014 September 2016 2006 TAX WRAPPER OR RELIEF(S) Business Relief and ISA BR/ISA ISA and GIA for Business Relief, SIPP INVESTMENT OBJECTIVE Defensive growth; investing in quality companies with strong margins, good returns and a track record of cash generation. Portfolio companies are selected using strict valuation criteria and our approach is research driven with detailed financial analysis. Growth Our primary objective is to provide investors with a portfolio of BR qualifying AIM shares after two years. The service also looks to preserve value whilst targeting growth over the long term and generate an honest yield to cover most or all charges. Current yield is 2.4% (as at Dec 2017). TARGET ANNUAL RETURN N/A N/A N/A NO. OF HOLDINGS Around 20 Up to 30 30 to 40 MININVESTMENT £15,000 £15,000 £20,000 MIN INCREMENT £10,000 £25,000 or £15,000 for ISA applications £20,000 LIQUIDITY (DAYS TO EXIT) Immediate, subject to ability to realise investments Withdrawals processed monthly; sale proceeds sent to investors within 14 days of selling shares Timescale as per platform INCOME? (Y/N) Yes No Yes INITIAL FEE Direct: 1%; Via Platform: 0% 1% + VAT 0 AMC Direct and via Platform: 1.25% + VAT 0.80% + VAT 1% + VAT OTHER FEES Dealing fee (Direct investments): 1% on each purchase and sale of AIM shares within the portfolio. Dealing fees for platforms will vary. 1% Dealing Platform dealing charges apply plus platform charges. E.g. Standard Life Wrap dealing charge is £1 per trade. AIM INVESTMENT OPPORTUNITIES TIME INVESTMENTS www.time-investments.com 020 7391 4747 questions@time-investments.com PROVIDER DIRECTORY CLOSE BROTHERS ASSET MANAGEMENT www.closebrothers.com 0800 269 824 ifaclient@closebrothers.com BLACKFINCH INVESTMENTS www.blackfinch.com 01684 571255 enquiries@blackfinch.com GUINNESS ASSET MANAGEMENT www.guinnessfunds.com 020 7042 6557 eis@guinnessfunds.com PSIGMA INVESTMENT MANAGEMENT www.psigma.com 020 3327 5450 businessdevelopment@psigma.com PUMA INVESTMENTS www.pumainvestments.co.uk 020 7408 4070 info@pumainvestments.co.uk AIM INVESTMENT OPPORTUNITIES AND PROVIDER DIRECTORY THORNTONS INVESTMENTS www.thorntons-investments.co.uk 01382 797600 info@thorntons-investments.co.uk