Blackfinch Investments has increased its investment range aimed at mitigating inheritance tax (IHT) and preserving wealth with two ESG-focused portfolios.
Clients can now choose from four different offerings within the firm’s Adapt IHT Portfolios:
- Ethical, newly introduced, focusing mainly on renewables and low carbon projects;
- Balanced, formerly the Capital Preservation portfolio;
- Balanced Growth, the second addition with a blended focus on capital preservation with growth; and,
- Growth.
Richard Cook, founder and chief executive of Blackfinch Group, said: “Blackfinch has the ability to adapt to shifting markets and customer needs, providing the strongest possible solutions.
“Our ESG-focused IHT range can support advisers in working with clients, and our capabilities in renewables, and property, mean we can offer even more choice in investing.”
Chief investment officer Richard Simmonds added: “These two new portfolio options enhance our IHT solution’s ethical focus.
“We look forward to working with advisers, supporting them to help more clients address IHT. In turn, clients can be assured that investments are aligned with their ESG considerations.”
Bringing ESG to IHT
The firm said that it wanted to offer a solution that caters to increasing collective IHT liability and greater demand for environmental, social and governance-orientated investments.
The Adapt IHT Portfolios were unveiled in 2013 as a “diversifier” and they offer targeted annual returns ranging from 3% to 5%.
- Ethical: Target return of 3% – net of costs and charges; its main focus is on renewable energy assets as well as low carbon construction projects; and returns are in line with inflation
- Balanced: Target return of 4% – net of costs and charges; it has a strong focus on capital preservation; and it provides above inflation returns.
- Balanced Growth: Target return of 4.5% – net of costs and charges; it centres its focus on a mix of both capital preservation and growth; and asset-backed trades have above-inflation returns.
- Growth: Target return of 5% plus – net of costs and charges; with a much stronger focus on development lending with enhanced potential upside; and it aims to create annual portfolio growth through returns.
