ISAs are hardly the most exotic of financial instruments, but they provide a handy tax-free investment vehicle. We can manage your ISA for you: we select the appropriate investment portfolios for you, based on what you tell us about your risk profile, your financial goals, and the amount you invest.
Sycamore Wealth provides a service where we set up and manage your ISA investment for you. We select the provider we believe is most suitable to use – currently we work with Old Mutual – and we can arrange for you to transfer in your current ISA portfolio with minimum fuss.
We select the appropriate investment portfolios for you, based on what you tell us about your risk profile, your financial goals, and the amount you invest (the ISA allowance is £20,000 for the 2019/20 tax year). It is essential for us to understand your attitude to risk, including how you will feel if the investment falls in value and how dependent you are on the money you are investing in the ISA. This will help us advise you which type of portfolio of funds to invest in. We use a scale which ranks attitude to risk from 1 out of 10 (low risk) to 10 out of 10 (high risk).
ISAs are totally free of Income Tax and Capital Gains Tax and usually represent the first tranche of investment to maximise tax efficiency.
Sycamore Wealth will provide you with a quarterly statement showing you the current value of your investments. Your portfolio can be seen ‘as a whole’, irrespective of how many individual funds you hold.
This provides an environment where we can better control your investments, review them and react appropriately to any market changes – or changes in your attitude to risk.
Your ISA can be invested in an actively managed portfolio – please refer to our page headed ‘Our Approach’ and the article entitled ‘Wealth Select Managed Portfolio”. That will then lead you to a fuller explanation of this service.
Please note, Sycamore Wealth does not offer Cash ISAs, only Stocks and Shares ISAs.