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Rensburg Sheppard's inheritance tax planner has retained its place in the number one position in a recent review of Alternative Investment Market IHT managers, conducted by Tax Efficient Review.

The firm said its planner had attracted £6.7m of new assets in the first half of the year, increasing assets under management for the product to £58m.

Rensburg Sheppard's average portfolio was down by 3 per cent which placed the firm at the top end of the IHT managers' performance table. It said that other factors such as fees and stock volatility had also been taken into account.

The inheritance tax planner took top position for all managers offering a portfolio with a minimum investment of £75,000.

Barry Anysz, divisional director for the inheritance tax planner, said: "This is an undeniably tough investment climate and advisers are often struggling to find value for their clients. Minimising tax is an important service they can deliver.

"Aim IHT portfolios provide exemption from inheritance tax after only two years and this is of considerable interest to clients.

"Current low share prices offer good future growth prospects as well as the potential tax saving. We are finding that investors are taking advantage of market conditions to either make an initial investment or top up existing holdings."

Martin Churchill, who compiled the Tax Efficient Review, said: "To maintain the number one slot in any market conditions says a lot about the calibre of management skills on offer. To manage to achieve that in these difficult times is a remarkable display of competence."