Oakglen Wealth launches IHT Solution in partnership with Toscafund AM LLP

In this piece we bring to you the exciting news of Oakglen Wealth partnering with the specialist investment manager Toscafund Asset Management LLP, to launch our new AIM Inheritance Tax Service. Our press release covers more information on this exciting milestone and what senior management have to say.

London, 25 June 2024 – Oakglen Wealth (“Oakglen”), the independently owned wealth manager with offices in Jersey and London, has partnered with Toscafund Asset Management LLP (“Toscafund”), a specialist investment manager with approximately $2.5bn of assets under management, to launch an inheritance tax (“IHT”) solution providing an Alternative Investment Market (“AIM”) portfolio service.

The partnership will allow Oakglen to invest into qualifying smaller companies listed on the Alternative Investment Market (“AIM”) on each of their client’s behalf, following a model portfolio designed by Toscafund. The diversified model portfolio of around 30 stocks has been strategically constructed by Toscafund portfolio manager Matt Siebert and seeks to take advantage of the two-year Business Relief holding period. It targets smaller companies with an average market capitalisation of c£250 million, compared to peers’ £400-700 million, and spans 14 broad sectors, with no single sector exceeding 20%. While UK-centric, the model portfolio maintains a global footprint with 30% of revenue derived from Europe and the US, offering investors exposure to international markets alongside domestic opportunities. Management and founders of portfolio companies own an average 15% of their businesses. This alignment of interest should, we believe, also support long term healthy stock performance.

Implementing fundamental research, robust risk management and thorough screening of companies as part of the selection process has ensured that the Tosca Micro-Cap UCITS fund, on which this solution is based, has outperformed the AIM All-Share Index with an annualised alpha of 2.2% since inception to 31 December 2023*. The Oakglen AIM IHT solution, in partnership with Toscafund, is designed to offer attractive valuation metrics, reflecting strong top line growth, healthy margins and cashflow with only modest leverage.

*Based on the GBP Institutional Class

Dominic Tayler, Managing Director – UK: “The partnership between Oakglen Wealth and Toscafund represents a significant milestone in our commitment to providing tailored wealth management solutions to our clients. The Small-Cap sector is under-researched and therefore often overlooked, despite these companies having a high potential for fast growth and M&A. This creates an excellent opportunity for those able to exploit this inefficiency and with Toscafund’s proven track record in the Small and Mid-Cap space we’re thrilled to be able to offer this AIM portfolio IHT solution to our clients.”

Click here to connect with Dominic on LinkedIn | Contact Dominic >

Matt Siebert, Portfolio Manager, Toscafund Asset Management, commented: “For the past three years, the UK SMID-Cap market has materially underperformed global peers due to factors such as falling liquidity, lower equity market exposures and increasing interest rates. However, recent developments suggest there are potential improvements. AIM is expected to catch up, helped by the potential introduction of a British ISA and the Mansion House Protocol focusing on pension fund allocations. Additionally, the rate cycle is projected to turn, potentially reducing financing costs. Valuations are currently at multi-year lows, attracting investment, and M&A activity continues to be strong. The IHT solution is strategically positioned to capitalise on these evolving market dynamics, and we aim to outperform the AIM All-Share Index by 5% over the cycle.”

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FOR FURTHER INFORMATION, PLEASE CONTACT:

Montfort Communications
Pippa Bailey

E: oakglen@montfort.london

T: +44 (0) 7738 912 267

NOTES TO EDITORS

About Oakglen Wealth
Established in 2016, Oakglen Wealth is an independent investment manager combining service-oriented discretionary and advisory investment management. As an independently owned and managed business, part of the Oakglen Group, our clients are always the priority.

Oakglen Wealth seeks to build enduring relationships, understanding individual needs and constructing strategies that help clients achieve superior outcomes. Oakglen’s distinctive network allows clients to access new investment opportunities and innovative ideas. Its highly personalised service is delivered by an experienced team and is powered by the very latest technology.

As part of the Oakglen Group, Oakglen Wealth is one of several investment and operating companies with interests across the UK, Channel Islands, Europe, and North America, focusing on real estate, private equity, and financial services. The group is responsible for assets exceeding GBP 1 billion and is privately owned with its headquarters in Jersey, Channel Islands.

For further details please visit: www.oakglenwealth.com

About Toscafund Asset Management LLP
Toscafund is an independently owned, specialist investment manager established in 2000 by Martin Hughes. With c.$2.5bn in assets under management, the firm’s investment platform spans small to middle capitalisation UK listed equities, global capital markets and private equity.

For further details please visit: www.toscafund.com

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Oakglen is a registered business name of Oakglen Wealth (Jersey) Limited and Oakglen Wealth Limited.

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