REGULATORY DISCLOSURE

Blackfinch Investments Limited is authorised and regulated by the Financial Conduct Authority (“FCA”). Our FCA reference number is 153860. Registered address: 1350-1360 Montpellier Court, Gloucester Business Park, Gloucester, GL3 4AH. Registered in England & Wales under No. 02705948.

Blackfinch Ventures is a trading name of Blackfinch Investments Limited who are authorised and regulated by the Financial Conduct Authority (“FCA”).

Blackfinch Wealth is a trading name of Blackfinch Investments Limited who are authorised and regulated by the Financial Conduct Authority (“FCA”).

RISK WARNINGS

Adapt Inheritance Tax (IHT) Portfolios and Adapt Alternative Investment Market (AIM) Portfolios

The investments referred to on this website may not be suitable for all investors and we recommend that you seek independent tax and financial advice before making a decision.

You should carefully consider all the risks relating to each investment. The following risk factors relate to the Adapt IHT Portfolios and Adapt AIM Portfolios, hereafter referred to as the “Adapt IHT Planning Portfolios”. You should carefully consider whether an investment in the Adapt IHT Planning Portfolios is suitable for you in light of your personal circumstances.

Values and Returns: No representation is or can be made as to the future performance of the Adapt IHT Planning Portfolios or that the Adapt IHT Planning Portfolios will receive the level of returns contained in the brochure. The assumptions are assumptions only and these may not be realised. The Adapt IHT Planning Portfolios invest in small, unquoted companies. Your capital is at risk and the investment return is not guaranteed. The value of your investment and the returns you receive are dependent on the value of the assets in the company or companies that the Adapt IHT Planning Portfolios invest your money into, and any income they earn.

Taxation: Any changes to the taxation environment or HM Revenue & Customs (HMRC) practice may affect investment returns. Accordingly, you will have your own tax position to consider and must take your own independent professional advice in this matter. You may be liable to make tax payments on any amounts you withdraw from the investment.

Future Performance: Past performance does not imply that future trends will follow the same or a similar pattern. Forecasts made in the brochure may not be achieved. There is a risk that you will not get back the full amount invested.

Liquidity: The Adapt IHT Planning Portfolios are a long-term investment. Shares in qualifying companies have to be held for at least two years at the date of death in order to benefit from the IHT relief. Investments made by the Adapt IHT Planning Portfolios are in unquoted companies and therefore are not readily realisable, unlike companies listed on the London Stock Exchange. Any disposal of shares, whether regular or one off, will reduce the value of your portfolios and erode future returns and such disposals will cease to qualify for Business Relief (BR).

Business Relief (BR): We will invest in companies which we reasonably believe qualify for BR, but we can give no commitment that any such investment will remain a qualifying investment at all times in the future. The relief is assessed by HMRC on a case-by-case basis at the time of death of the investor, as part of the probate process, and therefore cannot be guaranteed. The proportion of the investment that is deemed to qualify at that time, assuming it has been held for at least two years and is still held at time of death, can be passed to beneficiaries free of IHT. The two-year timeframe begins when HMRC deems the investment has become BR qualifying, which may be later than the investment date.

Conflicts of Interest: The Adapt IHT Planning Portfolios investee companies may acquire shares in, or assets from, other companies managed by Blackfinch Investments Limited. They may also make loans to other entities which are managed by Blackfinch Investments Limited or in which Blackfinch Investments Limited has a financial interest. All loans and transactions will be on an arm’s length basis and will be ratified by the non-executive directors of the Blackfinch Adapt IHT Planning Portfolios investee companies.

RISK WARNINGS

Ventures Early Investment Scheme (EIS) Portfolios

The investments referred to on this website may not be suitable for all investors and we recommend that you seek independent tax and financial advice before making a decision. You should carefully consider the following risk factors in relation to the Blackfinch Ventures EIS Portfolios, together with all other information contained on this website. The information set out below is not an exhaustive summary of the risks affecting the Blackfinch Ventures EIS Portfolios. You should carefully consider whether an investment in the Blackfinch Ventures EIS Portfolios is suitable for you in light of your personal circumstances. In particular, you should consider the following:

Values and Returns: The capital invested in the Blackfinch Ventures EIS Portfolios is at risk. The value of your investment may go down as well as up and you may not get back the full amount invested. There is no guarantee that the targeted return per annum will be achieved. No representation is made or can be made as to the future performance of the Blackfinch Ventures EIS Portfolios, or that the Blackfinch Ventures EIS Portfolios will receive the level of returns contained in this brochure. The assumptions are assumptions only and these may not be realised. The value of your investment and the returns you receive are dependent on the value of the assets in the investee companies that the Blackfinch Ventures EIS Portfolios invest your money into and any income they earn.

Taxation: Any changes to the taxation environment or HM Revenue & Customs (HMRC) practice may affect investment returns. Rates of tax, tax benefits and allowances described in this brochure are based on current legislation and HMRC practice and depend on personal circumstances. These may change from time to time and are not guaranteed. Accordingly, you will have your own tax position to consider and  must take your own independent professional advice  in this matter. You may be liable to make tax payments on any amounts you withdraw from the investment.

Qualifying Investments: We will invest in an investee company which we reasonably believe to be EIS qualifying at the time of investment and we will seek advance assurance from HMRC, but please note there is no guarantee that the investee company will remain EIS qualifying at all times thereafter, or that EIS tax reliefs will be available to investors. A failure of the investee company to meet the qualifying requirements of EIS legislation could result in the withdrawal of EIS tax benefits that have already been obtained, and the requirement to repay any rebated tax. There is no guarantee as to the timing of the availability of the EIS3 certificates that are needed in order to claim EIS tax benefits. Your obtaining the EIS tax benefits is subject to you making the appropriate filings with HMRC. Please note that you will need to hold the investment for at least three years to retain the benefit from the EIS tax reliefs.

Business Relief (BR): The nature of the activities undertaken by the investee companies in which we invest is such that the companies will also qualify for BR. Unlike the EIS tax benefits, it is not possible to obtain any assurance from HMRC that the investee companies will qualify for this relief; it is assessed by HMRC on a case-by-case basis at time of death of the investor, as part of the probate process. The proportion of the investment that is deemed to qualify at that time, assuming it has been held for at least two years and is still held at time of death, can be passed to beneficiaries, free of inheritance tax. The two-year timeframe commences when HMRC deems the investment has become BR qualifying, which may be later than the investment date.

Future Performance: Past performance does not imply that future trends will follow the same or a similar pattern. Illustrations and targets included in this brochure may not be achieved. There is a risk that you will not get back the full amount invested.

Liquidity and Exit: To qualify for tax relief investments made by the Blackfinch Ventures EIS Portfolios must be in unquoted companies. These investments are not readily realisable, unlike companies listed on the London Stock Exchange. The minimum holding period for an EIS investment is three years, which runs from the latter of the date of investment into each EIS company and the commencement of the company trade. You should be prepared to leave your money invested for at least three years as it is unlikely that we will be able to arrange liquidity during the three-year period. If an investor elects to exit during the three-year minimum holding period they will lose the tax reliefs relating to the investment.

Blackfinch is unable to provide any guarantees that investors will be able to dispose of their shares after the three-year minimum holding period. The companies into which the Blackfinch Ventures EIS Portfolios invest either generate long-term revenues or would have completed their revenue cycle within four to seven years. It is anticipated that this should make the companies an attractive proposition for sale or refinancing and to give rise to exit opportunities for investors. Although no assurance of this being achieved can be made, Blackfinch is committed to working on  EIS investors’ behalf to procure a timely exit for them.

Diversification: Blackfinch Ventures currently invests across sectors, with a focus on early-stage companies with digital and technological potential. The investments will be spread over at least ten companies. However, the failure of any individual investment will have a significant impact on the overall value of the product, and investors should be aware of the concentrated nature of the portfolio.

Conflicts of Interest: The Blackfinch Ventures EIS Portfolios may be acquired by, or receive loans from, other companies managed by the Blackfinch Group. All loans and transactions will be on an arm’s length basis and will be ratified by the non-executive directors of the Blackfinch Ventures EIS Portfolios investee company.

RISK WARNINGS

Wealth Managed Portfolio Service (MPS)

The investments referred to on this website may not be suitable for all investors. It is available through financial advisers, with whom investors should consult before making a decision. You should carefully consider the following risk factors together with all other information contained on this website.

The MPS represents a medium to long-term investment and can be viewed as such. The range of assets, to which the Blackfinch Wealth MPS provides exposure, all bring levels of investment risk. It is important that you work with your adviser to understand levels of return in relation to levels of risk and what is most suited to your risk profile.

Please bear in mind that fees and charges can affect investment performance. You can refer to the relevant portfolio factsheet detailing the annual management charge, along with the costs involved in investing in the underlying funds that form the portfolio. This can help to plan effectively.

Capital at Risk: Past performance is not a guide to future performance. The value of investments, and income from them, may go down as well as up. You may get back less than you invested. Changes in rates of exchange may adversely affect the value of an investment. Changes in interest rates may impact the value of fixed interest investments. The value of your investment may be impacted if issuers of underlying fixed interest holdings default, or perception of their credit risk changes in the market. There are additional risks related to investments in emerging or developing markets.

Volatility Risk: The value of investments can go up and down. Volatility measures the rate at which they do. Equities are usually higher volatility than bonds, while cash is low volatility. There is a relationship between the level of volatility you take on in investing and the expected return. Greater volatility brings the potential for greater returns but also greater losses.

Inflation Risk: Inflation is a general increase in prices and a fall in the purchasing value of money. It can affect the value of assets in which you have invested. Cash is the asset most susceptible to inflation risk. There is also a relationship between interest rates and rates of inflation. If the interest rate payable on cash is below the rate of inflation, the real value of cash is reduced.

Currency Risk: While as a UK investor you will view investments in Sterling, assets such as overseas company shares may be priced in foreign currencies. Their values will be dependent on the prices of the assets and the relationships of the currencies with the pound. In this way, foreign currency investments can be more volatile.

RISK WARNINGS

Evolve Asset-Focused Enterprise Investment Scheme (EIS) Portfolios, Evolve Media EIS Portfolios (Now Closed)

You should carefully consider all the risks relating to each investment. The following risk factors relate to the Evolve Asset-Focused EIS Portfolios and Evolve Media EIS Portfolios, hereafter referred to as the “Evolve EIS Portfolios”. The following risk factors relate to the Evolve EIS Portfolios and you should carefully consider whether an investment in the Evolve EIS Portfolios is suitable for you in light of your personal circumstances.

Values and Returns: The capital invested in the Evolve EIS Portfolios is at risk. The value of your investment may go down as well as up and you may not get back the full amount invested. There is no guarantee that the targeted return per annum will be achieved. No representation is made or can be made as to the future performance of the Evolve EIS Portfolios, or that the Evolve EIS Portfolios will receive the level of returns contained in this brochure. The assumptions are assumptions only and these may not be realised. The value of your investment and the returns you receive are dependent on the value of the assets in the investee company that the Evolve EIS Portfolios invest your money into and any income they earn.

Taxation: Any changes to the taxation environment or HMRC practice may affect investment returns. Rates of tax, tax benefits and allowances described in this brochure are based on current legislation and HMRC practice and depend on personal circumstances. These may change from time to time and are not guaranteed. Accordingly, you will have your own tax position to consider and must take your own independent professional advice in this matter. You may be liable to make tax payments on any amounts you withdraw from the investment.

Qualifying Investments: We will invest in an investee company which we reasonably believe to be EIS qualifying at the time of investment, but please note there is no guarantee that the investee company will remain EIS qualifying at all times thereafter, or that EIS tax reliefs will be available to investors. A failure of the investee company to meet the qualifying requirements of EIS legislation could result in the withdrawal of EIS tax benefits that have already been obtained, and the requirement to repay any rebated tax. There is no guarantee as to the timing of the availability of the EIS3 certificates that are needed in order to claim EIS tax benefits. Your obtaining the EIS tax benefits is subject to you making the appropriate filings with HMRC. Please note that you will need to hold the investment for at least three years to retain the benefit from the EIS tax reliefs.

Business Relief (BR): The nature of the activities undertaken by the investee company in which we invest in is such that the company will also qualify for BR. Unlike the EIS tax benefits, it is not possible to obtain any assurance from HMRC that the investee company will qualify for this relief; it is assessed by HMRC on a case-by-case basis at time of death of the investor, as part of the probate process. The proportion of the investment that is deemed to qualify at that time, assuming it has been held for at least two years and is still held at time of death, can be passed to beneficiaries, free of Inheritance Tax. The two-year timeframe commences when HMRC deems the investment to have become BR qualifying, which may be later than the investment date.

Future Performance: Past performance does not imply that future trends will follow the same or a similar pattern. Forecasts made in this brochure may not be achieved. There is a risk that you will not get back the full amount invested.

Liquidity: Evolve EIS Portfolios are a long-term investment. Investments made by the Evolve EIS Portfolios are in unquoted companies and therefore are not readily realisable, unlike companies listed on the London Stock Exchange. You should be prepared to leave your money invested for at least three years from the commencement of trade. We will not be able to arrange liquidity in the underlying investments during the three-year period.

Diversification: Evolve EIS Portfolios will invest in one sector. Therefore, there will be limited diversification, which could increase the risk for investors.

Conflicts of Interest: Evolve EIS Portfolios may be acquired by, or receive loans from, other companies managed by Blackfinch Investments Limited. All loans and transactions will be on an arm’s length basis and will be ratified by the non-executive directors of the Evolve EIS portfolios investee company.

 

COPYRIGHT AND OWNERSHIP

Blackfinch Investments Limited is the owner or the licensee of all intellectual property rights in our site, and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved.

You are not permitted to use them without our approval, unless they are part of material you are using as permitted under the conditions set out below and the contents of the Terms & Conditions section of this site.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following:

  • you may print or download to a local hard disk extracts for your personal and non-commercial use only
  • you may copy the content to individual third parties for their personal use, but only if you acknowledge the website as the source of the material

The status of Blackfinch Investments Limited (and that of any identified contributors) as the author of content on our site must always be acknowledged.

You may not, except with our express written permission, distribute or commercially exploit the content. Nor may you transmit it or store it in any other website or other form of electronic retrieval system.

 

ACCURACY AND UPDATE OF INFORMATION

This website is subject to regular update and revision. While we attempt to ensure the correctness and timeliness of all material posted on the website at the time of publication, we take no responsibility for errors or omissions which are the result of technical causes, or otherwise. We maintain the right to delete or modify, in part or in full, any information on this website without any prior notice.

The views expressed herein do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of Blackfinch Investments Limited or any part thereof and no assurances are made as to their accuracy.

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