Wealth management firm Equilibrium is planning to launch new AIM portfolios to reduce inheritance tax costs for clients.
The move follows increasing concern for inheritance tax planning among clients who are seeking ways to reduce potential high costs.
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The firm has named Neal Foundly, who joined Equilibrium as an investment analyst, to oversee the launch of its own AIM portfolios.
It intends to launch the new portfolios within months, reported Investment Week.
Prior to joining Equilibrium, Foundly worked as a senior fund manager at Royal London Asset Management and spent 24 years at The Co-operative Asset Management.
Mike Deverell, investment manager at Equilibrium, said the group’s own portfolios are expected to have lower volatility than clients expect from the changing AIM market.
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By GlobalData"The key to successful investment in this market is careful stock selection," Deverell added.
Recently, Equilibrium has also unveiled plans to launch its own in-house funds in 2015.
