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Editorial

The problem for most IFAs handling clients&#39 investments is that it is difficult to maintain above-average performance. It is also time-consuming and tax-inefficient to buy and sell unit trusts as capital gains tax liabilities may arise.

I believe Premier Asset Management has the answer for most medium-sized investors with its c-lect portfolios, all of which have outperformed their sector averages since they were launched five years ago.

There are three portfolios investing in a variety of unit trusts and investment trusts – an income portfolio, which includes such good trusts as Aberdeen fixed interest, Newton income and Henderson preference & bond; a growth portfolio, which includes top performers such as Thornhill capital, ABN Amro UK growth and Gartmore European select opportunities; and an enterprise fund, which is more volatile but has risen in value by over 115 per cent since it was launched about five years ago and is second in its sector.

The portfolios have several major advantages, including six-monthly user-friendly valuations. Monthly cash withdrawals can be made direct to a bank or building society account and, as withdrawals are made by encashing units, they are treated as capital gains and not income. There is also free life cover, which protects the initial investment from market falls in the event of the fundholder dying at a time when the market has had a sharp fall.

Commission is exceptionally generous – the trail commission, especially so, in that Premier pays about 50 per cent more than most other fund managers.

I believe that every IFA, who does not employ an investment specialist, should look at these portfolios for its clients who have £20,000 or more to invest.

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