The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Canaccord Genuity Wealth Management
Canaccord Genuity Wealth Management UK and Crown Dependencies has launched a portfolio service for UK government bonds, aka gilts, tapping a resurgence of fixed income investing as interest rates have risen.
The service is being offered for clients who are able to put up at least £100,000 and commit for a minimum of two years.
The Gilt Portfolio Service selects individual gilts for their maturity dates matching investors’ short-term goals, the wealth manager said in a statement yesterday.
“Investing in gilts is particularly attractive at the moment, as not only do they give a better rate of return than a bank account, compared to a fixed term deposit, the return is similar and there is no restriction on what can be invested,” the firm continued. “Unlike bank deposits, gilts are also highly liquid – selling them in the market on a Monday means cleared funds by Tuesday. For individual higher rate taxpayers, investing in short-dated gilts is even more attractive because any capital appreciation is free from capital gains tax,” it said.