VCT EIS research
Suse1969
Member
Hi all,
Anyone use anything other than Allenbridge for this?
Susan
Anyone use anything other than Allenbridge for this?
Susan
Comments
EQ (who I work for) review the market using our investment specialists in-house. If you take a look at the Investing part of our website you'll find some useful info and our views. www.eqinvestors.co.uk
Chartered Financial Planner
Certified Financial Planner
Head of Technical at Paradigm Norton
Twitter: https://twitter.com/danatkinsonuk
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https://micap.com/
They carry out reviews of EIS/SEIS, VCT and BPR products and also have a list of currently available opportunities.
They seem to have less reviews than Martin Churchill or Allenbridge but they are adding more all the time.
You can get a one week free trial of the system which lets you produce a list of currently open EIS.
In terms of our due diligence, we set criteria on the type of provider and opportunity we would consider for clients and then used this as the starting point to filter out providers that didn't meet our criteria.
We then asked the provider for either a Churchill, Allenbridge or MICAP review and went from there.
We have also used reports from Hardman & Co, although they seem to be the less well known than the other three, at least in the EIS,VCT, BPR space.
http://www.hardmanandco.com/research/eis-vct-bpr
Whereas providers of tax efficient products do not pay Churchill or Allenbridge for a review; MiCap charges the provider.... bit of a conflict in interest in my opinion.
Why would a provider pay for a bad review and would MiCap give one.....?
Many of the EIS / BPR providers echo this concern and have chosen not to go with MiCap.
Has anyone heard of/ tried Kuber? I had a meeting with one of their reps a few weeks ago and it seems like a good idea, but haven't got any further than that so far. Would be good to hear others' opinions if there are any!
Problem with some EIS is that they are relatively small tranches that fill quickly - why would Churchill (or Allenbridge) spend time on something that may well close before they can issue their report.
It a tricky one - you need some independent view on it, and I suppose MiCAP - as it gains traction might become the go to place.
On the Kuber stuff, my understanding is essentially they are a DFM selecting a portfolio of EIS products, which introduces some complexities - for instance, inter alia, our PI insurers have said no media exposure whatsoever; how can we guarantee that via the Kuber route.
This is bit of an old thread, but wondered who people are currently using for B(P)R / AIM / VCT research..?
I use MiCAP. I think it's come on a fair bit in the six years (!) since this thread began.
Chartered Financial Planner
Certified Financial Planner
Head of Technical at Paradigm Norton
Twitter: https://twitter.com/danatkinsonuk
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Thanks for your comments...I will get a proper login set up!
6 years.... that's a bit scary!! As you can see, we haven't had that much call for researching this area in the last 6 years, but are getting more and more 'suitable' clients these days.