View more on these topics

Julian gibbs

Now, for the first time, an independent investment wine company, PremierCru.com, is providing a specialist service for IFAs.

Premier Cru was founded by Stacey Golding about 12 years ago. Formerly with J Rothschild, Golding understands the needs of IFAs and their clients. The company is completely independent and Golding is advised on selection by masters of wine.

Fine wines are free of both capital gains tax and income tax. Over the past 30 years, a managed wine portfolio would on average have turned 10,000 into more than 1.4m. This is a much better return than the FTSE All Share index, which would have turned 10,000 into 1.08m, some of which would have been subject to capital gains tax.

Premier Cru offers IFAs full training as well as the ability to service accounts. This training also allows IFAs to qualify for valuable CPD points.

Generous commission terms are available and commission is always paid within 15 days of receiving a client’s cheque. All the wine is held in bond and is stored properly. The wine is purchased from a variety of negociants in Bordeaux and wine importers.

Unlike stocks and shares, the value of fine wines rarely falls significantly and, with more consumers buying fine wine, a positive trend is likely to continue.

This excellent new service adds another weapon to the IFA armoury but try not to drink too much of the expensive wine as I have done.

Recommended

FSA reminds consumers of state second pension

The FSA has reminded consumers that they can change their decision on state second pensions every tax year.Regulators want consumers to know that if the second pension is contracted out through a stakeholder or personal pension this can be reversed every year.Everyone in the UK who earns more than 79 per week is included in […]

Wesleyan tied up in status row

Wesleyan Assurance says it did not intend to mislead British Medical Association members following IFA criticism of the way it describes the status of its multi-tie intermediary arm.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com