David Ingram, a partner at threesixty, concentrates on the tax treatment of an investment product while evaluating a client's portfolio
One of the most boring clichés of the financial planner's world is that the &tax tail should not be allowed to wag the investment dog&. Like most clichés, this is true, but investment dogs, like the real thing, look happier and healthier with their tails. The enormous increase in 'open architecture' that we have seen in recent years, together with the gradual arrival of wraps and other platforms, means that, increasingly, the fund selection side of financial planning need be little different whatever product is selected. So, in fact, the tail may be more important now than ever before. Th...
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