Advisers wanting to invest in VCTs for clients need to look past due diligence forms and meet fund managers in person to dig deeper into the detail, Jack Rose told delegates at the PA360 North conference today.
The LightTower Partners head of tax-efficient investment - who was joined on the event's 'VCT and EIS compared' panel by Seneca Partners investment director John Davies and Unicorn AM director and senior fund manager Chris Hutchinson - said due diligence forms and key information documents can only shed so much light on a VCT ahead of investing in one. "Get beyond the due diligence form and sit in front of fund managers and actually ask them about deployment and their deal-flow, because the answers you get on the page are all quite stock and generic - they're a box-ticking exercise," he ...
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