Wealth Management Portfolio - an introduction
Our Wealth Management Portfolio (WMP) is an offshore, single contribution portfolio bond with a menu-driven charging structure. It combines the tax advantages of an offshore life policy with the investment flexibility of a portfolio management service.
It's the ideal flexible solution for clients looking to invest a lump sum of money offshore.
Rated five stars by Defaqto
In February 2008, for the third year running, WMP was among an exclusive selection of high quality offshore bonds to be rated five stars by Defaqto. Defaqto is an independent financial data collection and research company that provides comprehensive and up-to-date product information for the financial services industry.
Five-star products are the top quality products within their particular market. Typically, only around one in ten products will achieve this top tier.
Flexible charging structures
You and your clients have the ability to choose from five standard charging options or tailor charges to meet the needs of your business model and your clients' circumstances
Extensive investment choice
WMP is designed to give your clients the greatest choice and flexibility. It offers three layers of funds:
- Portfolio funds - this dynamic range of funds gives your clients an exciting choice.
- Preferential range - this offers over 1,100 collective investments managed by leading fund management groups, over 70% of which have no initial charge.
- Universal range - with this your clients can hold a vast selection of other collective investments including esoteric and specialist funds.
We also guarantee rebate payments on our Preferential range. So, where the fund manager pays renewal commission we guarantee to pay this to your client (or you) regardless of whether we've received it from the fund manager. We'll then chase the fund manager for this payment.
Tax advantages
As well as virtually tax-free growth, it offers tax deferral, a vital factor in controlling the timing and amount of any future tax liability. Your clients can also switch between assets without triggering a capital gains tax (CGT) liability.
You can find lots of support to help you understand the changes to CGT in the 2008 Budget and how bonds still give your clients the financial edge over collective investments in our Budget zone.
Quality service
We also offer quality service including online dealing, online valuations and a specialised Client Relations Team based in Dublin with a published service commitment.
