One of the legal responsibilities for trustees is to take advice on the investment of funds where appropriate. The key factors are suitability and diversification, along with regular reviews. Trustees can delegate day-to-day responsibility, for example to a discretionary portfolio manager, unless the trust deed states to the contrary. Issues to consider when investing include the type of trust, planned distributions, the tax position of the trust and sometimes the tax position of the beneficiaries.
Investment decisions that must be made include the most appropriate tax wrappers, the risk profile and capacity for loss, asset allocation and underlying investment selection. With a well-structured investment portfolio, the long-term value of the trust can be enhanced in a tax efficient way for the benefit of the trust’s beneficiaries, while risk is kept within agreed limits.
PSFM helps trustees meet their responsibilities by tailoring the trust investment strategy to their objectives. We provide both initial advice and an on-going review service to make sure the decisions taken at the outset remain valid and that any third party investment managers continue to do a good job.
Get in touch and we can help to put you in touch with the Planner who is right for you. There are many ways you can contact us. Call or email for general enquiries, for something more specific use our enquiry form.