IFAs are being urged to capitalise on investment companies’ long-term growth to boost clients’ income. The Association of Investment Companies is running five workshops to promote the benefits of investment companies and examine their risks and rewards.
The seminars, aimed at advisers and wealth managers, come after the average investment company has delivered a return of 112 per cent in the past 10 years, according to data from Morningstar to the end of April 2017. However, despite their ability to deliver strong long-term growth, investment companies are under-represented in the portfolios of advised clients.
Nick Britton, head of training at AIC, said: “Investment companies are important building blocks of any genuinely long-term portfolio, whether the aim is to invest for a pension, save for children or preserve and grow family wealth down the generations.
“These seminars have been designed for advisers who already have a working knowledge of investment companies, but would like to improve their understanding of how to use them in growth-oriented portfolios.”
The sessions will also cover generalist equity mandates, specialist asset classes and sectors such as UK and global smaller companies, multi-asset portfolios, frontier markets and private equity. Mr Britton will lead the sessions, which will include presentations from investment company fund managers – such as manager Harry Nimmo from Standard Life UK Smaller Companies.
Keith Churchouse, chartered financial planner at Guildford-based Chapters Financial Limited, said: “It is always good to look at all opportunities or to revisit them via webinars and workshops. The statistics are only statistics and past performance is not a guarantee of future performance.
“We are an advocate of diversification in most cases for client funds where appropriate and this is one opportunity across a varied range of opportunities available.”
The sessions, from September to November, will start in Bristol and end in Birmingham. To book, visit www.theaic.co.uk or call 020 7282 5572.