Wealth manager Credo has launched an Aim managed portfolio service, with stock selection advised by Unicorn Asset Management.
The service provides inheritance tax relief to investors by investing in a diversified portfolio of approximately 30 Aim shares that qualify for business relief, provided shares are held for at least two years and held at time of death.
Credo will act as the discretionary manager of the service, while Unicorn brings experience in Aim investing to their role as adviser.
The company said a key differentiator of its Aim IHT service would be that investors can choose not only from growth and income portfolios but also two environmental, social, and governance focused portfolios.
Credo, which is an independently-owned firm established in 1998, said the growth portfolio will re-invest any dividends received to maximise capital growth while the income portfolio will be orientated around higher income generating AIM investments.
The ESG portfolios allow investors to invest in portfolios run to growth or income mandates but also take further ESG considerations into account.
Charles van der Merwe, chief executive of Credo, said: “We are delighted to be launching our Aim IHT service. We have seen growing demand from both our private client and financial intermediary client segments, for a choice of investments to meet very specific investment objectives.
“Being able to provide growth, income and ESG options provides investors the required flexibility around estate planning. The synergies between Credo’s investment approach and Unicorn’s makes them an ideal match.”
Credo provides wealth management services to private clients, and wealth platform and investment solutions to financial intermediaries.
It has more than £4.6bn assets under custody and £1.2bn assets under management.
The business has offices in the United Kingdom and South Africa.
sonia.rach@ft.com
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