Andrew Aldridge explores why advisers tend not to consider EIS for clients despite most funds accepting investments from £10,000 pounds. Yes, such funds should absolutely be considered 'high risk and illiquid' but is education also part of the problem?
In 2021, it is still remarkable when you hear financial advisers dismissing investment opportunities out of hand. My guesstimate, based on a decade of experience in the financial services sector, is that approximately 30% of advisers in the UK will consider enterprise investment scheme (EIS) funds as part of their financial planning. So why are so many advisers dismissing such opportunities and what are they missing out on? One of the potential misnomers is that EIS, and other tax-efficient investments such as venture capital trusts (VCT) and business relief propositions, are only fo...
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