The discretionary portfolio service will invest in alternative investment market-listed companies that benefit from business property relief, whereby investments receive 100 per cent relief from inheritance tax after a holding period of two years.
Following the 2013 rule change whereby Aim stocks are now permitted to be held within an Isa, the service is also available within an Isa wrapper.
Justin Waine, investment director at Puma, will pick companies by applying strict valuation criteria focusing on capital preservation with the portfolio typically comprising 20 stocks with a minimum market capitalisation of £50m and a target holding period of three to five years.
Robert Smith, partner of Partners Wealth Management, said the service was “an exciting move and worthy of consideration by independent financial advisers.”
He said: “This service seeks to continue Puma’s strong track record in the tax-efficient investment structure arena.”
