Inheritance Tax Planning
Who are the Managers of the RSITP?
Rensburg Sheppards Investment Management Limited (RSIM) is authorised and regulated by the Financial Services Authority and is a principal operating subsidiary of Rensburg Sheppards plc, a public company whose shares are listed on the London Stock Exchange. Rensburg Sheppards plc had circa £13 billion at 31 March 2008 under management for private investors, trustees, charities and pension funds. RSIM also manages Rensburg Aim VCT plc, a Venture Capital Trust (VCT), listed on the London Stock Exchange, which specialises in investing in AIM companies.
At 31 March 2008 there were 516 investors in the RSITP with a combined value of £56 million under management. Up-to-date performance figures for unit trusts and VCTs are available by visiting our website at www.rensburgsheppards.co.uk.
The Team Managing Your Assets
Barry Anysz
is a graduate of the University of Leeds.
After 12 years with 3i plc, he established Capital for
Companies in 1983, which was acquired by BWD
Securities plc (now Rensburg Sheppards plc) in 1988.
He is a former director of Rensburg Sheppards plc and
Rensburg VCT plc and is currently a director of
Rensburg Aim VCT plc.
André Winter
graduated with a chemistry degree
from the University of Oxford. He joined RSIM in 1998
as Investment Director at its Liverpool office. He was
previously a Director of Ernst & Young Corporate
Finance and before that spent 10 years with 3i plc.
Stuart Sharp
has over 16 years investment experience,
managing both institutional funds and unit trust portfolios.
He began his career as a solicitor, before joining the share
valuation division of HM Revenue and Customs. He joined
Rensburg Fund Management Limited in 1991. Stuart won
the 2005 Citywire Small Company Fund Manager Award.
Stuart assists with the selection of companies in the
RSITP portfolios.
Investment Policy
The Managers have a close working knowledge of AIM companies and follow a strict and prudent stock selection procedure. A typical RSITP portfolio will hold a minimum of 10 companies and a maximum of 30 depending on the amount invested, spread across a variety of sectors, enabling the Managers to maintain an intimate knowledge of the portfolio whilst reducing stock specific risk. When deciding which companies to select for the portfolio the Managers only invest in established companies which have been in existence for at least 5 years and have been on AIM for at least a year. Additionally we look for companies with:
- a focused and experienced management team;
- an established and proven track record
- sound balance sheet
- strong cash flow
- ability to pay dividends
- liquidity in the shares
Once selected for the portfolios, the stocks are monitored on a daily basis and the Managers maintain contact at least twice a year with the companies concerned. Generally the stocks are chosen on a conservative basis and for their medium to long-term potential allowing for a 'buy and hold' strategy.
To ensure the 'clock' is started as soon as possible we usually invest within 14 days of receiving instructions and cleared funds.
Investors should be aware that the value of the portfolios could fall as well as rise and therefore there is a possibility of loss of the capital invested. Past performance should not be seen as an indication of future performance.
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