It's a year since the implementation of rule changes allowing shares on the Alternative Investment Market (AIM) to be held in ISAs. Laura Miller asks advisers what the move has meant for clients
When the government announced last July that it would make it easier for people to invest directly into small businesses, by allowing AIM shares to be held in stocks and shares ISAs, it said the move would improve consumer choice. But it didn't provide any evidence of a particular demand from investors for the change. One year on, advisers have seen more of a trickle, rather than a stampede, of clients taking advantage of the new freedoms. "There is appetite if it is brought to clients' attention. Most clients are not coming to us asking for it but some are, mainly those who dabble in...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes