GrowthInvest has launched its new discretionary managed portfolio service.
The diversified and generalist portfolio leverages the experience and expertise of GrowthInvest’s investment team, selecting the most promising companies that have passed through the firm’s due diligence process.
GrowthInvest is the independent platform for advisers and their clients in the tax efficient investment arena.
Managing Director of GrowthInvest Daniel Rodwell, said: “The service goes live at the same time that many of the larger funds have begun to announce full capacity, thereby offering a compelling solution for investors and advisers still looking to commit funds prior to the Tax Year end on 5 April.”
The new service is supported by an investment committee which has over 100 years of combined investment experience between them, across the whole gamut of the retail and corporate investment sectors.
It includes, as well as Rodwell, Director General of EISA Mark Brownridge, Vestra Wealth’s Graeme Stenson and experienced corporate financier Stuart Jeffrey.
The Service is managed by Sapphire Capital Partners, under the Investment Direction of Boyd Carson, who has over 30 years’ investment experience and recently took home two EISA awards.
Rodwell said: “Our new discretionary portfolio service offers regulated access to the most promising companies on the GrowthInvest platform. Each has been hand-selected by our experienced investment team, based on strength of concept and performance in our stringent due diligence process.
“We have an excellent pipeline of true opportunities and are delighted to bring the best of these to the market within an FCA regulated fund. We feel that the portfolio service offers advisers a further level of diversification when building a portfolio of the numerous funds on the platform, as they are now also able to access the single company offers through this discretionary wrapper.”
Operations Director at GrowthInvest David Lovell adds: “Advisers have been impressed with our asset transfer capabilities for clients with off-platform Alternative Finance Investments, and are delighted that our platform and due diligence processes now encompass funds and portfolios as well as single companies, and include recognised reports from industry providers. However, they have also provided very clear feedback that they often like the look of the single company opportunities available on GrowthInvest, but do not feel comfortable advising their clients to invest outside a regulated fund structure.
“That has all changed today with the launch of our discretionary managed portfolio and we are very excited about the next phase in our growth as a company.
“Allocations can be EIS only, SEIS only, or a blend of the two, and the initial feedback from existing adviser clients has been encouraging. Whilst the Portfolio Service has an evergreen structure, there is currently significant capacity for a portfolio of pre-vetted investee companies to be deployed prior to the end of the 2016/17 tax year.”
GrowthInvest will be actively promoting the service across its co-ordinated programme of pitch presentations, round-table lunches and regular adviser email communication channels.