FAQs

Please see the below answers to common questions we hear from financial advisers. If you have a question which is not answered here then why not contact us directly? We’re happy to work with you to resolve any issues or questions you may have. Please contact Business Development Manager, Derek Mclay on 07743 725659 or email [email protected]

Do clients lose control of their assets and can they access their money?

One of the benefits of an AIM IHT Portfolio is that the assets remain in the name of the client and can be withdrawn fully or in part at the client’s request. With gifting and with Trusts the client loses control of the assets and the ability to use the money should it be needed in the future.

Is a Fundamental AIM Portfolio available on platform?

We are available on most major platforms including Standard Life Wrap, SL Elevate, Nucleus, Co-investor, Transact, Ascentric and Funds Network. If you use a platform which is not on this list, please contact us

What is Business Relief?

Business Relief applies to qualifying AIM shares held for two years and until death and gives 100% relief from inheritance tax.

Can a Fundamental AIM Portfolio be used with a Power of Attorney?

Yes. A Fundamental AIM portfolio is a selection of shares held and owned by the client which can be withdrawn in full or in part if the client requires the funds. As such, a court of protection order is not normally required under a lasting POA arrangement.

How can I apply for a Fundamental AIM Portfolio?

Direct

A portfolio can be opened by completing our application form and sending to the following address:

Fundamental Asset Management
Cardinal Point
Park Road
Rickmansworth
WD3 1RE

Our application form can be found in our Literature Library and a link to this can be found at the top of this page.

Via an adviser wrap platform

We also work closely with financial advisers who are qualified to discuss your financial planning requirements and will work directly with us on your behalf.

Fundamental AIM IHT portfolios are available via many adviser wrap platforms making it even easier to allocate funds to our portfolio.

Platform availability includes Standard Life Wrap, SL Elevate, Nucleus, Co-investor, Transact, Ascentric and Funds Network. If you use a platform which is not on this list, please contact us

What is the minimum investment amount?

We have a minimum investment amount of £40,000 when coming direct, which can be split across two annual ISAs. Our minimum investment amount through a platform is £20,000. 

What is our minimum top up?

We do not apply a minimum top up amount.

What is the minimum withdrawal?

We do not apply a minimum withdrawal.

What is the process for selling investments and how long will I have to wait for settlement?

We do not try to time the market. We will look to sell down holdings as soon as reasonably practicable following receipt of an instruction from the client. Our settlement period is T+2.

When will my funds be invested?

Once funds have cleared, we will endeavour to invest into portfolio companies as soon as reasonably practicable. This is true for business received directly or via platform. Where only model portfolios are available on the platform, investment is normally undertaken either the same day or next working day.

Does the portfolio pay any income?

The portfolio is designed for growth. As such, we do not pay income and any dividends are re-invested into the portfolio and used to meet annual management fees. However, regular withdrawal can be facilitated through your chosen platform.

Are the stocks regularly reviewed for BR qualification?

We review our own portfolio holdings and others in the wider market on an ongoing basis. Over the 16 years we have been managing our AIM Inheritance Tax portfolios we have never experienced any concerns from HMRC.

How do I notify you of a change of address?

To notify us of a change of address please email [email protected] with your account details, name, current address and your new address. Alternatively, you can write to us at the following address:

Fundamental Asset Management
Cardinal Point
Park Road
Rickmansworth
WD3 1RE

How are adviser fees paid?

For accounts held direct, adviser initial or ongoing fees are agreed with you and your client and communicated to us through the application. This is then facilitated by Fundamental.

What do I do if I am locked out of my online account?

If you input your login details incorrectly 3 times or more, the account will be locked. Please contact us at [email protected].

We will arrange for the account to be unlocked and you will receive an email with a new temporary password.

Can you accept in-specie transfers?

Yes, we can accept in-specie transfers direct using our ISA Transfer Form located in our Document Library or through your chosen platform.

What are your costs?

Direct

Initial Charge: 1%

AMC: 1%+VAT

Dealing Fee: £50 per position

Via Platform

AMC: 1%+VAT

+Associated platform costs