In our case, this means one that invests in a well-balanced and globally diversified portfolio of direct equities and bonds – one that avoids funds altogether.
Make sure that the provider can also generate the reports your client will need to complete their tax return easily.
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Investment reports that contain the right information to satisfy both tax authorities can save everyone time, money and stress.
Finding a specialist tax adviser will help too.
Your ability to bring this partnership together will make you a highly valuable commodity in the eyes of any client whose family falls into this tangle of rules.
Rosie Bullard is a partner at James Hambro & Partners
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