Target market at a glance

Advised clients willing to pay for the benefits and convenience of consolidating their investments. With the help of their adviser, they can:

• access an extensive choice of investment assets and a range of tax-efficient ways to hold them
• monitor the performance of their portfolio at any time
• change their investment choice, if appropriate
• opt for a Managed Portfolio Service 
• receive consolidated statements, eliminating unnecessary paperwork from multiple sources.

Clients requiring a transactional service only, with no ongoing advice, or who have particular requirements such as:

• access to investment assets not offered on the platform such as property, complex alternative investments such as unregulated collective investment schemes or customers requiring full access to all instruments trading on major stock exchanges
• wishing to have predominantly cash holdings for long periods
• the transfer of investments from elsewhere with guarantees or protections that cannot be maintained.

The Account could be suitable for clients who:

• have basic financial knowledge as well as experienced investors
• intend to invest for at least 5 years
• are willing to take some investment risk and have capacity to accept a capital loss, as assessed by their adviser. This product offers no capital guarantees
• want to invest tax-efficiently over the medium- to long-term, in unit trusts, open-ended investment companies (OEICs), exchange traded funds (ETFs), exchange traded commodities (ETCs) or investment trusts, with the aim of achieving growth, bearing in mind that this is not guaranteed
• are a UK resident, aged 18 or over for the ISA, or a child aged under 18 for the Junior ISA, and are happy to accept more risk to their capital than saving in a cash ISA through a bank or building society
• want a flexible ISA
• want to transfer in ISA investment from another provider.
• want to use their ISA online, by phone or by post.

This service might not be right for clients who:

• have no other savings
• are not happy to accept the risk of potential investment losses, with no guarantee of their money growing
• there is a need to withdraw money before the age of 18 (only relevant to the Junior ISA)
• would like to retain control of money invested in a Junior ISA after the child has reached age 18
• want to invest full allowance in a Cash ISA, Lifetime ISA or an Innovative Finance ISA instead
• wish to trade ETFs/ETCs and Investment Trusts frequently despite having a low fund value
• wish to have predominantly cash holdings for long periods.

The Account could be suitable for clients who:

• have basic financial knowledge as well as experienced investors
• are willing to take some investment risk and have capacity to accept a capital loss, as assessed by their adviser. This product offers no capital guarantees
• want to invest (individually or jointly) over the medium- to long-term, with the aim of achieving growth, subject to relevant taxes, bearing in mind that growth is not guaranteed
• have already used up their ISA allowance for this tax year and/or have a large amount of money to invest
• are resident in the UK, Isle of Man, Guernsey, or Jersey and are either an individual aged between 18 and 95, a company, trust or a pension scheme
• are happy to accept more risk than saving in a bank or building society account
• already hold investments on our platform and intend to make future payments, when allowances permit, using the CIA as a convenient way to accumulate and facilitate such payments
• intend to invest for at least 5 years.

This service might not be right for clients who:

• have no other savings
• have any unused ISA allowance
• are not happy to accept the risk of potential investment losses, with no guarantee of their money growing
• wish to trade ETFs/ETCs and Investment Trusts frequently despite having a low fund value
• wish to have predominantly cash holdings for long periods.

The Account could be suitable for clients who:

• have basic financial knowledge as well as experienced investors
• intend to invest for at least 5 years
• are willing to take some investment risk and have capacity to accept a capital loss, as assessed by their adviser. This product offers no capital guarantees
• want to individually invest over the medium- to long-term, with the aim of achieving growth, subject to relevant taxes, bearing in mind that growth is not guaranteed
• are looking to build up their pension savings to provide an income in the future by investing for potential growth, bearing in mind that their money is not guaranteed to grow
• want the flexibility to make their own choice of investment assets in line with their aims and attitude to risk
• are prepared to have their money tied up, normally until at least age 55 (rising to age 57 from 6 April 2028), but then have choice over how and when to take their benefits
• would like the rest of their savings to remain invested for potential growth when they begin to take income withdrawals, and any lump sums, bearing in mind that their money is not guaranteed to grow
• want to provide benefits for their beneficiaries on death
• want the convenience and flexibility of being able to consolidate and manage all their pension savings within the CRA by transferring pension savings they have built up in other schemes into it, including any ‘defined benefit’ transfers that have been assessed and approved as being in their best interests by a financial adviser who is a regulated pension transfer specialist
• want the freedom to transfer their pension savings in this account to another authorised provider, for example if they want to buy an annuity (a guaranteed income for life), to move their pension savings abroad, or to take advantage of benefits not offered by this account.

This service might not be right for clients who:

• have no other savings
• are not happy to accept the risk of potential investment losses, with no guarantee of their money growing want unrestricted access to their money before the age of 55 (rising to age 57 from 6 April 2028)
• want to set up a workplace pension arrangement, since the Collective Retirement Account cannot be used as an auto-enrolment or qualifying workplace pension scheme
• are currently in a final salary (also known as defined benefit) pension scheme and are looking to transfer out of that scheme, but who need a guaranteed income for life, potentially with inflation protection or similar benefits
• wish to trade ETFs/ETCs and Investment Trusts frequently despite having a low fund value
• wish to open an account on an execution only/non-advised basis
• wish to have predominantly cash holdings for long periods.

The Bond could be suitable for clients who:

• have basic financial knowledge as well as experienced investors
• intend to invest for at least 5 years.
• are willing to take some investment risk and have capacity to accept a capital loss, as assessed by their adviser. This product offers no capital guarantees
• want to invest, individually or jointly, a minimum of £10,000 over the medium- to long-term, with the aim of achieving growth, subject to relevant taxes, bearing in mind that growth is not guaranteed
• are either a UK resident individual aged between 18 and at least one life assured who is under the age of 90, or a company or trust
• are using the bond as part of their tax planning either because they have used up their other allowances or as part of inheritance tax planning
• want the option of taking regular withdrawals potentially using tax deferral
• want the option of protecting their capital using the ‘Capital Protected Death Benefit.

The Bond might not be right for clients who:

• have no other savings or investments
• have not used other available tax allowances, such as an ISA
• need access to their capital in the short term
• are not willing and able to accept the risk of potential investment losses, with no guarantee of growth.
• wish to have predominantly cash holdings for long periods
• wish to invest in ETFs/ETCs and Investment Trusts
• wish to open an account on an execution only/non-advised basis
• are non-taxpayers.

• prefer to have a bespoke portfolio, built from a market-wide range of funds and ETIs, to match and adapt to their individual needs
• may want to be involved in investment decisions and possibly expect to be able to carry out some transactions on an execution-only basis
• want to use specialist discretionary investment management, but have specific needs that would not be met by the WealthSelect Managed Portfolio Service.

• require access to investment assets not offered on the platform such as property, complex alternative investments such as unregulated collective investment schemes or customers requiring full access to all instruments trading on major stock exchanges
• are unwilling to pay for a wider investment choice
• don't want a broad selection of assets and prefer a simpler investment approach
• do not require a high level of personal involvement in investment decisions
• want a light-touch advisory service, with only periodic reviews.

• have basic financial knowledge as well as experienced investors
• intend to invest for at least five years
• are willing to take some investment risk and have capacity to accept a capital loss, consistent with the risk profile of the portfolio, as assessed by their financial adviser. This service offers no capital guarantees
• are seeking a long-term return in the form of capital growth
• prefer to have investment decisions made by a portfolio manager, rather than have personal day-to-day involvement
• do not have specific Environmental, Social and Governance (ESG) requirements and simply want to maximise returns for an agreed level of risk.
• expect ongoing service from their financial adviser who is responsible for assessing suitability and can help them understand the risk/reward profile and features of the portfolio
• do not need the management of their investments to consider Capital Gains Tax.

• are not willing to delegate investment decisions or customers wishing to make their own decisions to trade
• do not have an ongoing relationship with their adviser and expect to carry out execution-only business in future
• want direct contact with a Portfolio Manager
• do not want to take any investment risk or do not have a capacity for any loss
• have specific investment preferences or restrictions. For example, customers who have specific ESG targets in mind and/or who want to minimise exposure to unsustainable or controversial areas
• clients who intend to invest for less than five years
• are US-resident, or resident in restricted jurisdictions.

• have basic financial knowledge as well as experienced investors
• intend to invest for at least five years
• are willing to take some investment risk and have capacity to accept a capital loss, consistent with the risk profile of the portfolio, as assessed by their financial adviser. This service offers no capital guarantees
• are seeking a long-term return in the form of capital growth
• prefer to have investment decisions made by a portfolio manager, rather than have personal day-to-day involvement
• are seeking a portfolio that actively manages its exposure to Environmental, Social and Governance (ESG) risks alongside delivering a financial return, whilst maintaining a smaller carbon footprint than a broad market index
• expect ongoing service from their financial adviser who is responsible for assessing suitability and can help them understand the risk/reward profile and features of the portfolio
• do not need the management of their investments to consider Capital Gains Tax.

• are not willing to delegate investment decisions or clients wishing to make their own decisions to trade
• do not have an ongoing relationship with their adviser and expect to carry out execution-only business in future
• want direct contact with a Portfolio Manager
• do not want to take any investment risk or do not have a capacity for any loss
• do not desire specific ESG targets to be delivered alongside financial returns
• have zero tolerance for exposure to unsustainable or controversial areas such as fossil fuels (as the portfolio may have small exposures)
• intend to invest for less than five years
• are US-resident, or resident in restricted jurisdictions.

• have basic financial knowledge as well as experienced investors
• intend to invest for at least five years
• are willing to take some investment risk and have capacity to accept a capital loss, consistent with the risk profile of the portfolio, as assessed by their financial adviser. This service offers no capital guarantees
• are seeking a long-term return in the form of capital growth
• prefer to have investment decisions made by a portfolio manager, rather than have personal day-to-day involvement
• are seeking a portfolio that targets a broad range of sustainable outcomes while minimising exposure to unsustainable or controversial activities
• expect ongoing service from their financial adviser who is responsible for assessing suitability and can help them understand the risk/reward profile and features of the portfolio
• do not need the management of their investments to consider Capital Gains Tax.

• are not willing to delegate investment decisions or clients wishing to make their own decisions to trade
• do not have an ongoing relationship with their adviser and expect to carry out execution-only business in future
• want direct contact with a Portfolio Manager
• do not want to take any investment risk or do not have a capacity for any loss
• do not want a portfolio that is restricted to investing substantially in funds targeting sustainable outcomes
• intend to invest for less than five years
• are US-resident, or resident in restricted jurisdictions.