Prospect Wealth Management launches AIM portfolio for IHT solution

Uses AIM shares for IHT planning

Prospect Wealth Management has launched an AIM Portfolio Service, providing exposure to AIM-quoted shares recognised as ‘unquoted' for inheritance tax purposes.

The portfolio has a minimum initial investment of £50,000 and is designed to be held for two years or more; the minimum time period for a portfolio of qualifying AIM stocks to become exempt from inheritance tax. Prospect head of business development, Tom Ball, said the potential short-term volatility of AIM stocks compared to FTSE 100 counterparts should be mitigated by the two-year minimum holding period, coupled with the company's quantitative disciplines when selecting holdings. The standard annual management fee for the service is 1% and there will also be a 1% dealing charge on e...