To paraphrase Euripides again: an investor’s best possession may be a sympathetic adviser.
The old model of a once-a-year tax affairs review and largely passive allocation of investments may be coming to an end.
Increasingly, advisers will be under pressure to innovate to remain relevant for a new generation of more independent high-net-worth investors.
The emerging trends in EIS investment in the knowledge-based economy provide a potential win-win for advisers looking to differentiate, and a new generation of investors looking for a greater diversity and customisation in products.
Dr Ilian Iliev is managing director at EcoMachines Ventures