Fidelity FundsNetwork has launched a tax wrapper anaylser in a bid to help advisers assess which tax wrappers best suit their clients' investment needs.
The tool is designed to assist the recommendation process by allowing the adviser to run various investment scenarios based on user defined inputs. Differing taxations of a mutual fund, onshore bond and offshore bond are built into the tool, which gives the adviser the information necessary to establish which wrapper potentially works best in each scenario, FundsNetwork claims. Its launch follows a FundsNetwork survey, which suggests 99% of advisers believe understanding tax wrapper allocation and the appropriate use of insurance bonds and mutual funds is essential to providing proper inv...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes