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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.

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