AJ Bell has made Sarasin & Partners’ Charity Authorised Investment Fund (CAIF) available to advisers acting for charity clients.
It can be accessed via both the AJ Bell Investcentre platform and AJ Bell Custody Solutions.
CAIFs are investment vehicles exclusively for charities, with specific tax benefits including charitable tax status and exemption from VAT.
The fund is aimed at long-term charity investors favouring a responsible, globally diversified multi-asset portfolio, AJ Bell said.
To support the addition of the CAIF, an MPS including the fund is also available.
Advisers must provide evidence to Sarasin & Partners that the underlying client is a registered charity.
See also: DWS launches essential materials fund
Mark Rendle, AJ Bell advised managing director, said: “The recent addition of the Sarasin CAIF to our platforms will cater for advisers seeking charitable investment solutions.
“We know that charitable funds can play an important role in investment strategies for advisers and clients, so we’re also pleased to be announcing their inclusion in an MPS wrapper via AJ Bell Investcentre to not only make charitable investing more efficient, but also reduce management risk for advisers.
Christopher Cade, partner at Sarasin & Partners, added: “Charities have distinct investment needs and our CAIFs are designed specifically to meet them, combining a responsible, globally diversified approach with the tax efficiency and governance protections of a dedicated charity structure.
“As these funds are reserved exclusively for charity investors, making them accessible through an MPS gives IFAs advising charities a more efficient route to a strategy built around their clients’ long-term objectives, while preserving the controlled access that the CAIF structure requires.”
