Elite and Prestige accounts

Access an almost unlimited range of investment funds. With thousands of funds available, you can tailor your client’s portfolio to meet their specific needs and goals.

Our governance team are on-hand to check that your investment choices meet our acceptance guidelines. We’ll generally accept authorised unit trusts, approved investment trusts, OEICs, REITs and non-UK authorised collective investment schemes. Hedge funds will be considered on an individual basis.

We offer a range of instant access and fixed-term deposit accounts from a wide selection of banks and building societies.

See our latest cash deposit rates.

The Elite Account can be linked to an exclusive range of platforms to provide administration, custody and execution-only services in relation to the funds held on the platform. This allows you to manage all, or a proportion of the investment bond assets using the functionality of each platform. For added flexibility, you can spread the investment across multiple platforms.

See our list of platforms.

The Elite Account allows you to appointment a discretionary manager who will have the capability and authorisation to advise and execute investment decisions on behalf of your clients. We have links with a number of discretionary managers. For added flexibility, you can spread the investment across multiple discretionary managers.

See our discretionary fund manager list.

Yes, and if the bond is gifted then there is no chargeable event. However, if the bond is sold or a benefit has been gained, there will be a chargeable event and there could be an income tax charge.

A chargeable event is the name for certain things happening or money being taken out in a certain way. A calculation is done to see if a chargeable event has created a chargeable gain which might mean there is tax to pay.

When you assign segments to someone else, they will be in scope for inheritance tax – unless covered by an exemption (for example, gifts between spouses/civil partners).

Yes, a company can take out a Select Account.

The company will be taxed according to fair value or historic cost. An accountant will need to look at how the company is taxed to see which applies. In general, larger companies use the fair value basis and very small (micro-entity) companies can use the historic cost basis.