Connaught completes successful UCIS education tour
By Bridging Loan Directory -
Connaught Asset Management, the boutique asset manager, has further proved its commitment to ensuring all IFAs are conducting responsible and compliant unregulated collective investment scheme (UCIS) business by completing a string of seminars across the country recently.
Connaught hosted seven educational events across the country which were attended by more than 100 advisers. Starting in Leeds on the 24th January, the tour took in Cheshire, Birmingham, London, Reading and Bristol before finishing in Cambridgeshire on the 3rd February.
The key message emanating from the events was that UCIS funds should not be feared or ignored as long as appropriate identification of suitable clients is conducted prior to any promotion. The seminars included a lengthy session on just who UCIS funds should be utilised by and worked examples of how to comply with COBS 4.12 exemptions.
Alistair Mawdsley, Director of Connaught, commented:
“While UCIS funds won’t be suitable for every client, we are finding that more and more advisers are considering UCIS funds within their proposition as conventional funds continue to underperform in challenging investment conditions. UCIS funds can provide proper diversification within a client’s portfolio as long as the correct procedures are adhered to and can play a role as equally important as regulated funds. The feedback from attendees has been overwhelmingly positive and advisers particularly appreciated the session on exemptions and suitability which raised issues some were previously unaware of.”