Fine wine house Premier Cru has launched an IFA consultancy division designed specifically to support financial intermediaries whose clients may be interested in turning to wines as an alternative investment.
Following calls for such a service by the IFA community, Premier Cru Fine Wine Investments has created a consultancy division to help clients seek out high growth returns within Sipps and other tax wrapper products targeted at the high net worth.
In recent months, asset managers and fund of fund providers have been looking on occasions at using alternatives to equity investments, and higher earners have used products such as art to boost their investment portfolios.
Given the search for stability and diversification of investments, consumers may not be looking for the actual purchase of fine wines but wine investment houses which do not hold actual stocks but offer access to wine portfolio management services associated.
According to Premier Cru’s IFA consultancy, there is increasing demand and fine wine has consistently outperformed all other forms of recognised investment, as it has “remained the steadiest form of investment and is generally unaffected by recession, interest rate changes and stock market fluctuations” and does not require the same levels of maintenance as art or property once laid down.
Advisers interested in offering their clients diversification into fine wines are offered full training by the new service, says Premier Cru, which also contributes to CPD.
Similarly, the firm says it offers “generous commission” paid within 15 days of receiving the client’s cheque and no commission clawback.
Minimum investment per client is £1,500 pa or £100 per month.IFAonline
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