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Stellar Asset Management launches IHT portfolio service


Stellar Asset Management has launched a new “low-cost” discretionary-managed inheritance tax portfolio service.

The Stellar Estate Planning Service aims to generate a 4.5 per cent income every six months and has an option to insure against up to 100 per cent of any losses.

The service will invest in renewable energy, hotels and secured residential contracting, which qualifies for business relief, meaning the investments should be eligible for 100 per cent inheritance tax relief after two years.

Stellar Asset Management chief executive Jonathan Gain says: “Inheritance tax affects more estates every year and is a major concern to many people.”

The service levies an annual management charge of 1 per cent.

In May, Stellar Asset Management partnered with Platform One to make its Stellar AIM IHT Isa product available for the platform.

Yellowtail Financial Planning managing director Dennis Hall says the new service is “a logical extension” of Stellar’s product offering.

He adds: “They’ve been able to source some initial deals across their three preferred investment strategies but there’s now a wall of money chasing these investment areas from the likes of peer-to-peer lenders, crowdfunding, so deal flow would be a potential issue going forward.”

Charges of 1 per cent are competitive, he says, although he warns other fees could apply.

He says: “There is an initial fee of 2 per cent or 5 per cent, an arrangement fee, and a profit sharing of 20 per cent of anything above the 4.5 per cent per annum, calculated on exit.

“If you like and already use Stellar, and believe they’ve got enough experience in the sector, then you’ll probably use it. I need further convincing.”



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