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Noble portfolios take Aim at IHT

Noble is introducing two portfolios investing in companies listed on the Alternative Invest- ment Market.

The company claims the portfolios offer attractive inher- itance tax planning opportunities for clients interested in smaller company investments.

The Noble Aim portfolios will each invest in around 10 high-growth companies lis- ted on Aim.

The Noble EIS Aim portfolio will invest in companies with gross assets under 15m. The Noble IHT Aim portfolio will target companies trading for at least five years.

The portfolios will be managed by Charles McMicking, who has advised Enterprise VCT, which also has a smaller company-based strategy, since 2001. McMicking has seen underlying investments increase by 21 per cent since he joined Enterprise.

Both portfolios are elig- ible for the usual IHT bene- fits, including unlimited cap- ital gains tax deferral, IHT exemption on shares, access to a spread of investments and the exclusion of shares from the investor’s estate, with restrictions.

The initial charge on both portfolios is 4.5 per cent, of which 3 per cent is payable to IFAs as initial commission, with 0.5 per cent trail.

Director Henry Chaplin says: “These portfolio management services offer investors the opportunity to har- ness the potential gains available on Aim within products that also have attractive tax planning features.”


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Britannic links with Argonaut

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