AJ Bell Investcentre has streamlined its Bed and ISA process for financial advisers and clients amid increased demand for tax efficient investment solutions.
The updated process will now involve one online instruction from advisers by selling assets from clients' taxable general investment account (GIA) and repurchasing them in an ISA or Lifetime ISA tax wrapper, while remaining invested in the market. There will no longer be any dealing charge for Bed and ISA transactions instructed online, AJ Bell set out. AJ Bell's new Bed and ISA process will include a multi-pot functionality that allows advisers to handle movements between different ISA and GIA investment pots in "one simple journey". Advisers will be able to oversell investment...
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