Our unitised structure
It's time to meet our four funds.
Cautious Alpha, Global Equity, Defensive and Growth may not be the catchiest names. However, together, they form the backbone of our AIPM Core Alpha portfolios.
Each one is carefully calibrated for its particular role. For example, our Global Equity fund is a focussed fund holding around forty world class companies directly, while our Defensive Fund aims to keep risk exposure under control.
Platform
Advantages
It's good news for you and your clients.
Speed of execution
Platform trades can be completed up to 90% faster than before.
Cost levers
We can accept fund rebates and invest in more diverse investment vehicles.
Investment universe
Unconstrained by platform, we can select from the widest possible choice.
Taxation
As trading is contained in the fund, we are far less likely to trigger client CGT events.
Consistency of proposition
Funds are constituted identically on all platforms, removing inconsistency.
Governance
The fund ACD now provides an additional layer of monitoring and governance.
Capital Gains Tax under the lens
Let's compare our unitised structure to its non-unitised predecessor.
Initial investment of £250,000 is made by a higher rate tax power.
Both portfolios generate an investment return in line with the performance of AIPM Core Alpha 60.
Both portfolios liquidate £20,000 to facilitate an ISA subscription.
The old AIPM Core Alpha 60 MPS is rebalanced quarterly, while the new Core Alpha 60 is rebalanced annually.
