Online investment management and dealing platform Ascentric said the service will help financial advisors manage their clients’ legacy planning.

UK-based Ascentric has joined forces with Blankstone Sington to offer its clients access to the latter firm’s inheritance tax portfolio service.

Blankstone Sington, a Liverpool-based investment manager and stockbroker, delivers potential benefits through its IHT portfolio service by investing in Alternative Investment Market-listed stocks that qualify for business property relief.

Under the agreement, advisors and clients of Ascentric will be able to combine the characteristics of a professionally managed fund with the freedom and structural advantages of a private client portfolio.

The service requires a minimum investment of £75,000 ($92,000), with an annual charge of 1 per cent on the first £1 million and 0.5 per cent thereafter. The platform charges are 0.25 per cent, plus a £9.50 per trade dealing charge.

“Through this partnership, clients will have access to a low cost, bespoke IHT AIM service, which utilises our unique dealing offering to provide increased efficiencies,” said Justin Blower, head of sales at Ascentric.

Neil Blankstone, business development director at Blankstone Sington, added: “This is a specialist service which is becoming more and more relevant given the increasing number of estates now facing inheritance tax.”

Online investment management and dealing platform Ascentric said the service will help financial advisors manage their clients’ legacy planning.