The firm said the discretionary-managed strategy will offer investors access to a portfolio of between 15 and 20 Aim-listed companies that qualify for Business Relief.
For the portfolio’s assets to qualify for Business Relief, the strategy must be held for a minimum of two years, after which the assets can be passed on free from inheritance tax on the death of the shareholder.
Quilter Cheviot’s equity research team, led by chief investment strategist Alan McIntosh (pictured), will manage the fund alongside Dan Nickols, head of UK mid and small cap equities team at Old Mutual Global Investors.
Andrew McGlone, managing director, London Investment Management at Quilter Cheviot, said the strategy should offer clients the opportunity to invest in smaller businesses with potentially exciting growth prospects.
As of September this year, Aim had 959 listings worth an average £104.5m.
McGlone added: “By combining the proven research and analysis capabilities of Quilter Cheviot and OMGI, we are confident our new Aim strategy will meet client demand for a trusted investment management firm to offer this service.”
McIntosh said: “Diversification is important in any investment strategy. With our Aim offering, we will seek to identify financially strong, growth orientated investment opportunities from an expanding market, adding another valuable element to how we manage our clients’ assets.”
