GIAs for corporate accounts
Wildparaplanner
Member
Hi all,
I'm not familiar with cases like this where we are setting up a GIA for a corporate client - they are a trading business looking to invest excess cash, with Fair Value reporting.
The directors are also personal clients using a particular platform, but turns out the platform has a really clunky corporate GIA which uses manual concessions to set up and their reporting is the same as individual GIAs, which we don't want.
Can anyone tell me of any other platform GIAs which have dedicated corporate GIAs with proper reporting as I'm finding it hard to research one for some reason.
Many thanks
Wild
Comments
Hi
Not sure what you'd define as 'proper' reporting, but in my experience platforms aren't built for the information needs of corporate investors.
When investing for corporates we try to use single asset funds, using income units. Keeps it clean. If you have the appropriate qualifications for recommending direct gilts these can be much more tax-efficient than funds (and better than term cash) for the defensive asset component. When structured like this, we don't need to worry about a different basis of reporting from the platform.