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November 29, 2017

Quilter Cheviot unveils discretionary managed AIM portfolio

Quilter Cheviot, part of Old Mutual Wealth, has teamed up with Old Mutual Global Investors (OMGI) to launch a discretionary managed AIM strategy for UK-based HNW investors.

The newly launched strategy will provide managed portfolio of AIM-listed companies that qualify for Business Relief, previously known as Business Property Relief.

The portfolio service will be managed by chief investment strategist Alan McIntosh alongside Dan Nickols, head of UK mid and small cap equities at OMGI.

Quilter Cheviot managing director of London Investment Management Andrew McGlone said: “By investing in a portfolio of AIM-listed shares with Quilter Cheviot, we are able to offer clients the opportunity to invest in smaller businesses with potentially exciting growth prospects.

“By combining the proven research and analysis capabilities of Quilter Cheviot and OMGI, we are confident our new AIM strategy will meet client demand for a trusted investment management firm to offer this service.”

McIntosh added: “Diversification is important in any investment strategy. With our AIM offering, we will seek to identify financially strong, growth orientated investment opportunities from an expanding market, adding another valuable element to how we manage our clients’ assets.”

The portfolio must be held for a minimum of two years for it to qualify for Business Relief. The assets need to be held at the time of death in order to qualify for relief from inheritance tax.

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