A new independent platform specialising in tax efficient investments and with a focus on the UK advised marketplace has been launched.
Called GrowthInvest, it aims to provide an environment where advisers can help their clients investigate and invest in a wide range of single companies. These will now be available alongside a growing number of fund and Managed Portfolio offerings that have traditionally been taken to the intermediary market place.
What’s more, says GrowthInvest, all of this can now be carried out within a single, secure online environment, specifically designed for the adviser marketplace.
A statement from the company said: “The launch of GrowthInvest marks a key milestone within the tax efficient investment landscape. In the light of the pensions cap and a low interest landscape, this is a source of growth investment that advisers should be recommending to clients with aligned investment requirements. Additionally, with the current media interest in a clamp-down on tax avoidance vehicles, the government sponsored schemes at the heart of GrowthInvest should be recognised for the vital role they play in supporting UK SMEs.”
The platform behind GrowthInvest was originally created in 2012 by financial advisers and was known as Seed EIS Platform. It now believes that a wider audience of investors can benefit from the advantages of earlier-stage growth investing.
Managing Director at GrowthInvest Daniel Rodwell said: “We’ve outgrown our name and the Alternative Finance sector is on the brink of considerable change. We’re proud to be leading the charge and are relaunching today as GrowthInvest, to reflect our broader range of business activities and our new company ethos. Importantly, we’ve listened to the feedback and now place the needs of the adviser at the heart of everything we do.
“Over the past couple of years we have seen increasing interest in tax efficient investment and the fast-growing alternative finance sector. This has been driven by tighter controls over pensions and lack of potential real returns from listed equities and savings products.
“We believe that this, coupled with the rise of D2C crowdfunding platforms, and now the likely trajectory of the UK economy post-Brexit, potentially leaves advisers in a difficult position with their more affluent clients. We aim to provide a simple solution to their requirements in this increasingly important area.
“Our message to advisers is this: Whether you’re already active in – or simply curious about – tax efficient investments, make it your business to find out more. The GrowthInvest Platform gives you the tools you need to offer a first-class service to your clients.”
GrowthInvest Operations Director David Lovell adds: “It’s a hugely exciting time for us, and for the sector as a whole. We’ve listened very carefully to what investors and advisers told us they needed from a platform. By placing the advised client at the heart of what we do, we have developed a unique online offering for Financial Advisers.
“This launch is only the start of the GrowthInvest story. We have a number of innovative initiatives lined up for the coming weeks and will be holding a series of regional events in the near future designed for advisers, investors, fund managers and entrepreneurs.”