Our affiliation with Raymond James gives us access to leading investment services, technology, research and operational support.

Offering exemplary service for all customers is core to our service proposition and includes:
• Local community based offices
• Fee based advice and a clear, fair charging structure
• Whole of market investment advice
• Regular face to face personal service
• Consolidation of investments and simplification of administration
• Tax efficiency (ISAs, CGTs & SIPPs)
• Free initial consultation
• Home visits
• Online access to track your investments

Assets are held through our custodian Pershing Securities Limited. Client assets are covered by the Financial Services Compensation Scheme (FSCS) for eligable claimants.

Pershing Securities Limited is a member of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority.

Additional Services

  • Raymond James Loan Account

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Investment Management

Our Discretionary Managed Service takes care of the day-to-day management of your portfolio allowing you to have peace of mind that we are taking full advantage of investment opportunities as they arise.

Your family or your business finances do not have to be complicated when you have a Wealth Manager that you can trust. At Raymond James we take the time to get to know you and your specific circumstances, enabling us to plan and invest for your future.

An investment portfolio will be tailored to your specific needs and will be within agreed parameters that aim to meet your investment objectives. We closely monitor the performance of your investments in line with our latest research and best conviction ideas from the extensive global research we draw upon.

All clients have the option to benefit from ongoing face to face reviews with a personalised service from your own investment manager assigned to make sure there is continuity of service.

You can also monitor your portfolio securely online via Investor Access™ which is our online portal where you can produce valuations and reports to demonstrate ongoing returns from each investment within your portfolio.

This service integrates elements of fundamental financial analysis, asset allocation, selection, plan implementation and ongoing monitoring of investments.

As part of the core discretionary service clients receive:

Portfolio Construction & Asset Allocation
• A comprehensive financial overview, introduction and fact find in order to understand our client’s needs and objectives.
• We take time to get to know your family circumstances, attitude to risk and Inheritance Tax (IHT) plans.
• We’ll build a tailored solution and detailed investment strategy.
• We perform the exercise of allocating funds among diverse assets which exhibit different market dynamics because the way a portfolio is structured will have a significant effect on its performance.

Existing Assets
• If you already have a portfolio of investments, we can assess their suitability to establish if they meet your current investment objectives.

Ongoing Management & Reviews
• Ongoing reviews as we expect to meet with you at least once a year to carry out a full review for consistent communication and service.
• Portfolio monitoring on a day to day basis to ensure the investments continue to match your objectives.
• Access to our best ideas and research which focuses on creating a portfolio that is tax efficient, low cost and transparent.
• We’ll provide you with regular detailed reports of your portfolio’s composition and performance.
• Raymond James Investor Access™ portal enables you to view the most up-to-date information about your holdings in an easy-to-use format and is a convenient way to view detailed information about your account – 24 hours a day, 7 days a week – via any computer, smart phone or tablet.

Discretionary management can be appropriate for the following range of accounts including:
• General Investment accounts & ISAs
• SIPPs & SSASs
• Charities and Trusts
• Offshore and Onshore Bonds
• Corporate Accounts

Professional management of a variety of securities in order to meet the specific investment goals of our investors:
• Equities
• Bonds
• Exchange Traded Funds
• Collective Funds

Our investment approach is driven by time tested principles of focussed quality research, portfolio diversification and a disciple long-term horizon.

At the heart of this service are our Wealth Managers, Stockbrokers and Financial Advisers, who are always at hand to point investors in the right direction. Our highly qualified and experienced Wealth Managers will always conduct a thorough assessment of each individual client’s needs and risk profile, formulating a tailored investment strategy to recommend the most appropriate investment solution for each client.

In an ever changing market, we still believe in building portfolios of enduring quality and helping clients to avoid the pitfalls that erode wealth.

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Inheritance Tax Planning

At the Raymond James Market Harborough and Oakham branches we specialise in helping our clients pass on their wealth as tax efficiently as possible.

Inheritance tax (IHT) is effectively a tax on wealth. It is payable to Her Majesty’s Revenue & Customs (HMRC) on money or possessions you leave behind when you die, and on some gifts you make during your lifetime. Protecting against this tax allows individuals to pass on more of their assets to future generations.

It is important to note that Inheritance Tax does not apply to everyone. An estate is only liable when it is valued over the current nil-rate rate band (NRB) which is currently set at £325,000 per person (frozen until 2020/21). For people who are married, in a civil partnership or widowed, the threshold for Inheritance Tax is currently £650,000 between them (based on them transferring their NRB to their spouse). For anything above your individual or joint allowance, tax is payable at 40%.

When planning for the future, our investors recognise the importance of tax-efficient investing, particularly when protecting the amount left aside for family and friends. If you are the first person to die and you are married or in a civil partnership you can leave everything you own to your partner, and there will be no inheritance tax to pay at the point of your death.

However, depending on the size of your partner’s estate at their death this will affect their liability at that time, so it’s important if the total value of your estate is near or above the threshold level you seek professional help to make sure your succession planning is as tax efficient as it should be.

The Inheritance Tax Problem

IHT mitigation is becoming more and more important for investors over time, with more estates falling outside the nil-rate threshold and thus becoming liable to tax. Residential property now makes up approximately one half of the total value of taxpaying estates. As the average value of estates rises, an increasing number of estates will now be valued over the IHT threshold.

New Property Exemptions
As of April 2017 a family home allowance of £100,000 per person was added to the existing £325,000 tax free allowance. This will gradually increase every year by £25,000 to reach £175,000 in 2020-2021. This allows individuals to pass more of their assets without paying any IHT. This means that if you are married, and own a property worth up to £1m you may leave it to family or friends completely free of IHT from April 2020.

Year IHT Nil-Rate Band Family Home Allowance Individual IHT exemption Married couple /Civil partners exemption
2016-2017 325,000 0 325,000 650,000
2017-2018 325,000 100,000 425,000 850,000
2018-2019 325,000 125,000 450,000 900,000
2019-2020 325,000 150,000 475,000 950,000
2020-2021 325,000 175,000 500,000 1,000,000

Example:
Ken’s home is currently valued at £500,000. He has other assets valued at £100,000, bringing the total value of his estate to £600,000.

Property value Value of other assets Current Amount subject to IHT 2020 Amount subject to IHT
£500,000 £100,000 "£175,000" "£100,000"

With the nil-rate band currently sitting at £325,000 and the family allowance at £100,000 £175,000 of Ken’s estate is currently liable to IHT at 40%, reducing the estate by £70,000. In 2020, the £175,000 Family Home Allowance means that the estate is only liable to £40,000 in IHT. This puts the effect of IHT into full perspective.

IHT Planning Options

Although the fiscal outlook is more promising, IHT risk must still be mitigated, and for those with higher-valued estates, IHT may still remain a problem even after 2020’s changes. In these situations, there are multiple solutions available.

Click on the boxes in the table below for more information on each of the options available.

Conventional IHT Planning

  • Annual Exemptions
  • Gifts from Excess Income
  • PETs Potentially Exempt Transfers
  • Pensions
  • Trusts
  • Business Property Relief (BPR)
  • Whole of life insurance/Assurance

There are certain annual exemptions which investors can use to reduce their IHT liability. An individual may give up to £3,000 worth of gifts free of IHT each tax year. If the annual exemption is not used, it can be carried over from one year to the next, with a maximum exemption of £6,000.

As well as the annual exemption, gifts worth up to £250 are not taxed. An individual may gift as many people with £250 as they like without paying IHT on the gifts. Bear in mind however, that only one gift of £250 can be given in one year to a person without IHT, and also that this rule cannot be used alongside the annual exemption of £3,000.

It is important to note that gifts can be given between married couples or civil partners completely free of IHT- as long as they live in the UK permanently. In terms of gifts from income to others, there is no IHT on gifts received from the income of the individual (after tax), providing that the deceased had enough money to maintain their normal lifestyle.
There is also no IHT charge on gifts to help with other people’s living costs for example an ex-husband/wife, an elderly relative, or a child under 18 or in full-time education.

It is vital that if you plan to give gifts out of income, you keep a full record of any gifts given. It helps if this is regular and you can substantiate on record that this is not disadvantageously affecting your lifestyle for tax advantages.

An individual may choose to make a gift at any point throughout their lifetime. This is called a potentially exempt transfer. Providing the owner lives for 7 years after giving the gift, the amount is exempt from IHT. If the gift was made less than 7 years prior to death, the amount is not exempt from IHT, and is counted in the Nill-rate threshold of the estate (£325,000).
In the event that the gift is made between 3 and 7 years before death, different rates of IHT apply to the gift. This is referred to as ‘taper relief’.

Years before death the gift was made Rate of IHT
Less than 3 40%
3-4 32%
4-5 24%
5-6 16%
6-7 8%

This option has its potential drawbacks. It would not be suitable for those who are ill of health, and involves a potential loss of access to capital for a long period of 7 years before the amount becomes exempt.

Pensions are becoming a more efficient method of IHT planning given new government legislation. If you want control over death benefits, the taxation around pension rules in their current form is ideal – You can pay your pension to your family, but you can also pay the benefits to your extended family as well.
New rules on pensions mean that the previous rules on crystallised & uncrystallised before 75 effecting death benefits are gone –the whole pot can be passed on tax free. Additionally, after 75 there’s a change to the lump sum tax charge falling from 55% to 45% and then to marginal rate of tax in the following tax year.

A COMMON ‘SOLUTION’ TO THE IHT PROBLEM: Putting as much inside your pension as you can means that you can gain tax relief on income and gains whilst inside.

HOWEVER: Despite the increased tax efficiency for pensions, they should not be seen as a standalone IHT planning option. The yearly allowance for pension contributions is £40,000, and the lifetime limit for value of tax free assets in a pension will be dropping from £1.25m to £1m in April 2016. Any pension savings over this limit are taxed at 55%* on withdrawal, so the pension approach to IHT mitigation is somewhat limited.

*Tax treatment depends on the investor’s individual circumstances and may be subject to change.

For more detailed information on Pensions, please visit our pensions page.

What is a trust?
A trust is a legal arrangement where money or assets are managed by trustees for the benefit of a defined list of individuals (or groups of individuals). It can be created by a person during their lifetime, or alternatively it can be written into a Will.

Trusts are treated for tax rules as a taxable entity in their own right. Trusts are often set up to take advantage of tax laws, but can also be set up for other reasons ie to provide support for a disabled family member. Trusts can be used to defer CGT and many Trusts are used to reduce IHT across several generations.

IHT Implications
There are different types of Trust, requiring different tax treatment. Most common types used for IHT planning are Discretionary Trusts, and Interest in Possession Trusts. Lifetime gifts into discretionary trusts and interest in possession trusts are taxable for IHT, but will not be charged as long as the amount is below the nil-rate band (£325,000). Gifts over that amount are charged at 20% on the amount in excess of the nil-rate band.

Where non-cash assets such as shares or property are gifted into these types of trusts, there is a chargeable disposal for CGT purposes. This can be postponed however so that either the Trust or ultimate beneficiaries pay the charge.

Trusts have their various advantages and disadvantages in terms of IHT planning:

Advantages

  • Can provide IHT relief
  • Maintain control of assets within the trust
  • Ability to obtain annual income from certain trusts
  • Avoidance of probate delays
  • Can make gifts of up to your NIL rate band during your lifetime

Disadvantages

  • Can be expensive set up fees and annual charges
  • Complicated & tax rules have changed over time. Trusts have come under attack in recent years
  • Tax charges have made trusts less tax efficient (i.e. 10 Year anniversary charges, lower CGT allowance and Higher taxes on income and dividends
  • Potential issues with trustees

Business Property Relief is the 100% IHT relief which applies to qualifying business property. Established since 1976, it applies to unquoted trading businesses and companies listed on the FTSE Alternate Investment Market (AIM). Through investing in these companies, the capital becomes exempt from IHT after a holding period of two years.

As an option for IHT relief for our clients, we offer the 100% equity BPR portfolio as a way to reduce IHT liability while also retaining an element of control over capital.

For further in formation please click here.

Whole of Life Insurance/ Assurance is a life insurance policy which pays out to beneficiaries upon the death of the policy holder, providing premiums are paid. Throughout the policy holder’s life, it accumulates a cash value that the policyholder may withdraw or borrow against, and pays out a stated amount upon death.

Investors can reduce their IHT liability by taking out whole of life insurance as long as it is also protected from IHT by writing a life insurance policy in trust. This way, the amount the policy pays out is paid directly to trustees of the trust rather than remaining in the estate, and not included in the IHT calculation.

This option is not suitable to the very elderly or those with health problems, as underwriting is not always possible in these circumstances. Additionally, such a policy can be a very costly option to reduce IHT liability, with premiums payments continuing for the remainder of the investor’s life, and also being subject to increase.

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 Aim BPR Inheritance Tax Solution

At the Raymond James Market Harborough and Oakham branches we specialise in helping our clients pass on their wealth as tax efficiently as possible.

Business Property Relief is the 100% Inheritance Tax (IHT) relief which applies to qualifying business property. Established since 1976, it applies to certain unquoted trading businesses and companies listed on the London Stock Exchange's Alternative Investment Market (AIM). Through investing in these companies, the capital becomes exempt from IHT after a holding period of two years.

As an option for IHT relief for our clients, we offer the 100% equity BPR portfolio as a way to reduce IHT liability while also retaining an element of control over capital.

Our AIM BPR Portfolio
Our AIM BPR portfolio is a discretionary managed portfolio of companies which qualify for Business Property Relief (BPR), thus potentially reducing the Inheritance Tax liability on investor assets. The portfolio consists of a specific selection of established smaller, high growth companies listed on the London Stock Exchange's Alternative Investment Market (AIM). Through this investment option, along with the all-important IHT relief, investors are offered the potential for returns above inflation and income in the form of dividends, whilst retaining control over their capital.

The AIM portfolio constituents are selected using both technical and fundamental analysis to ascertain our views on the long-term growth prospects of each firm. The portfolio is diversified between market sectors allowing investors to potentially benefit from a group of stocks that are intended to complement each other in the long term. Holdings are analysed on a regular basis by our investment team and in-branch analyst, who works to identify new opportunities and possible threats to the portfolio.

Example:
Mr Smith has an Estate which includes his house, investments and cash savings of £725,000. He is now 72 years old and is looking for a way to minimise death duties on his estate. He does not want to give away funds absolutely to his children or place them into a trust. He wants to maintain control over his funds as he’s concerned he may need to pay for care costs in the future but at the same time he wants to reduce the inheritance tax his two children would have to pay on their equal share of his estate.

  Taking no action Investing in AIM portfolio
Total Estate Value £725,000 £725,000
Less £325,000 NRB Allowance £400,000 £400,000
Amount invested in AIM Portfolio £0 £200,000
Amount subject to IHT £400,000 £200,000
IHT Bill £160,000 £80,000
Possible Saving on IHT Bill £0 £80,000

Rather than paying £160,000 in IHT, by investing £200,0000 in the AIM portfolio, Mr Smith has halved his IHT bill to £80,000, leaving more behind for his children.

The key advantages of this IHT planning option are:

  • It’s Simple: BPR is one of the more simplistic methods of IHT reduction and remains separate from your existing portfolios.
  • It’s Quick: Relief from IHT is relatively quick- capital is exempt after just two years.
  • It gives you access to your capital: Investors retain access to their capital throughout and can make withdrawals or additions.
  • Optional Income: Investors may choose to take income from the portfolio
  • Capital Growth: The portfolio aims to provide capital growth above inflation.
  • ISA benefits: Investors have the option to hold the portfolio in their ISAs, allowing them to also benefit from no Capital Gains Tax, and no Income Tax on dividends.
  • Trusts benefits: Investments that qualify for BPR and have been held for over 2 years can be transferred into trust and avoid the chargeable tax of 20% when the amount is over the nil-rate band.

The possible risks of this IHT planning option are:

  • Risk to Initial Capital: There is no guarantee that the capital will be protected given this 100% equity strategy.
  • Tax rules may change: This article explains the current legislation and there is no guarantee that this will not change in future.
  • Not all investments may qualify for BPR: In certain circumstances, some investments may not satisfy BPR criteria and therefore may fall outside of the estate upon death.
  • AIM shares are more illiquid in nature: AIM shares are typically smaller companies with less actively traded markets, therefore may experience occasional problems with liquidity.
  • Investing in the AIM portfolio should be regarded as a higher risk, long term investment: This solution should only be considered alongside an existing estate planning strategy, with higher risk owing to the nature of AIM stocks and a 100% Equity portfolio.

Given the potential risks these investments should only be considered in specific circumstances and would not be suitable to all investors. To speak to one of our advisers about whether this solution would be suitable for you, contact us today.

Financial Planning

If you are looking for expert advice regarding your financial affairs, here at the Raymond James Market Harborough and Oakham branches we can meet your needs.

Our financial planners search the whole market  to enable us to give you the best possible service to decide what solution may be right for you.

Protection
We understand that without laying down the appropriate foundations, your future may not be secure. We offer advice on family and mortgage protection, making sure you and your family are looked after should difficult times occur.

Protecting your family couldn’t be simpler. Our financial planners can guide you through what insurance is right for you in the event of death, serious illness or being unable to work due to an accident or sickness.

This protection can help with bringing up your children and help towards the cost of other family commitments such as the mortgage or costs of education. It may also help towards any additional living expenses, such as converting your home for access or paying for Carers.

Inheritance Tax (IHT) Planning
Benjamin Franklin once said, ‘the only two certainties in life were death and taxes’. These two things are simultaneous when we talk about inheritance tax planning. Part of our financial planning service involves making sure the appropriate solutions are in place to meet any potential tax liabilities.

While it is more difficult than it used to be to completely eliminate inheritance tax, there are ways that it can be reduced. At Raymond James a  qualified financial planner is always at hand to help assess any potential IHT liability, guide you through current tax rules and legislation, and provide the most appropriate solution based on your circumstances.

Synergy
At Raymond James our financial planning service links together with Investment Management and Stockbroking ensuring continuity in all your financial arrangements.

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Pensions

Taking control of your retirement is easy. Here you will find an introductory guide covering the basics about pensions.

What is a pension?

A personal pension is a tax-efficient way of saving for your retirement, in addition to your state or workplace pension. It is a simple product in which you and even your employer can pay into to save for retirement. Your money is invested with the aim of eventually taking an income from the pot come the day you retire.

The topics of pensions are extremely vast so we have broken them down into five easy to manage sections below. To learn more click the links below:

 

ISAs

A stocks and shares ISA (investment ISA) is a tax efficient ‘wrapper’ that can hold a wide range of different investments and products.  Any money saved in an ISA can grow free from income or capital gains tax and is one of the most tax efficient ways of investing.

At Raymond James we help our clients to select the most suitable investments for their ISA and review this on a regular basis.  This helps our clients make sure they have their money where they want it to be, and most importantly know what rate of return they are currently earning on their savings.

Consolidating your ISAs together may be right for you!
By consolidating your ISAs into an investment ISA with Raymond James you could benefit from better returns than would have been achieved holding numerous ISAs with various different providers.  Many of our clients are currently benefiting after following this process.

Can I switch my Cash ISA to an Investment ISA?
Many people are unaware that they can transfer their cash ISA to an investment ISA and benefit from access to a wide range of investments that could produce a better rate of return than they are currently receiving.

Investments currently eligible for an Investment ISA are:

  • Unit trusts
  • OEICs (Open Ended Investment Companies)
  • Investment trusts
  • Exchange traded funds
  • Corporate bonds and government gilts
  • Individual stocks and shares
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Protection

Preparing for the unexpected is important, especially when it comes to providing for your family in the event of your untimely death. Life protection or life assurance ensures your dependants /partner receives an income or lump sum in such circumstances. Consideration should be given to not only covering any debts like a mortgage, but providing sufficient funds to cover any wider needs such as school fees or the need for a partner to take time off work in a period of transition. While not everyone will need life assurance, if you have children or a partner depending on your income it’s essential to consider how the loved ones in your life will be protected financially in the event of your death.

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Stockbroking

At Raymond James we provide a personal stockbroking service that offers a wide range of investment choices including Individual Equities, Government Gilts, Corporate Bonds and Exchange Traded Funds.  At every level, from buying or selling a modest number of shares to looking after a large portfolio, we offer a quality bespoke stockbroking advisory service.

Our expertise
Your Raymond James Wealth Manager and Stockbroker is always available to give you an informed opinion at every stage of the investment process.  Access to high quality global research enables us to have an in-depth look at your portfolio and conduct a full analysis.  Our clients have the complete picture at their fingertips and all the support they require.

  • Individual Equities
  • Government Gilts
  • Individual Corporate Bonds

Individual Equities
Investing in equities means buying a stake in a company and each share represents a percentage of ownership.

The return received from your shares can be delivered in two main forms:

  • Increase in the share price – This could be as a result of company growth or demand for the shares.
  • Shareholder Dividends – Depending on the company, some shares will pay you a proportion of the profits the company has made for that year, some companies even pay a rising dividend which could protect your income from inflation over time.

Possible benefits of investing in equities?

  • Long term growth
  • Protection against inflation
  • Rising Income

Is there risk?
Shares have historically outperformed the other main asset classes: bonds, property and cash. If you are well diversified and invest for the long term your individual shares can provide attractive returns.

It should be said that holding shares in just one company is never advisable.  If that one company gets into difficulties then you could lose some or all of your money.

This company specific risk can be mitigated by investing in several companies from different industries and geographical regions.  This helps to reduce the risk of having all your eggs in one basket.

The risk of holding a portfolio of diversified stocks will be less than the risk inherent in holding any single one of the individual stocks. Investing in stocks that perform differently depending on market conditions i.e. some sunny days stocks and others rainy day, will help to produce an all weather portfolio prepared to face different types of market conditions.

In recent years a lot of research has been conducted which concludes that 95% of company risk can be eliminated by just picking a portfolio of 20 individual shares.

Equities as part of the big picture…
At the Raymond James Market Harborough branch, equities are a useful tool in our asset allocation planning as they allow a portfolio to be tailored to a desired risk and return profile for an investor and add further diversification.  Equities can be bought in larger, more-established companies, as well as smaller companies that present more potential for growth.

Whether you are new to investing and are seeking help and recommendations, or a more experienced investor looking to discuss potential investments suitable for your portfolio, our wealth managers and stockbrokers are always available to point you in the right direction to ensure the most appropriate investments are selected for your circumstances.

Government Gilts
British government bonds, also known as gilts (short for gilt-edged securities) are simply IOUs issued by the British government to raise money to cover expenditure that isn’t covered by tax revenues and other sources of government income. When an investor buys a government gilt they are simply lending their money to the UK government. This IOU will have a term and at maturity the full sum originally invested by the investor will be returned in full.

Why lend money to the government?
As long as you hold the bond you are paid interest, or what’s more commonly known as a ‘coupon’. This coupon is paid semi-annually as a return for lending your money to the government.  This coupon is a fixed percentage of the original amount invested.

So, for a £20,000 ten-year bond with a 5% coupon bought at face  value (par) an investor would receive £1,000 gross each year in interest and at maturity receive their initial investment of £20,000 back.

How safe is a UK government gilt?
There is very little risk that you could lose your money if you invest in UK government gilts. The Treasury guarantees interest payments and that your loan will be repaid in full at maturity. UK Gilts are highly secure as the UK government has never defaulted on its debt.

Similar to corporate bonds, government gilts can also be bought and sold and their prices will change according to the market. So, if you hold a ten-year government gilt you don’t necessarily have to wait ten years to cash-in the bond. You could sell it at any point and generate a profit or loss depending on whether the price of the bond has risen or fallen at any given moment in time.

No asset class can truly provide a complete solution in every economic environment. At Raymond James we believe that all portfolios should have a mix of assets, depending on your medium and long-term objectives and appetite for risk. Gilts can be a critical part of this mix as the part of an investor’s portfolio that aims to produce a better medium to long-term return than cash, without the volatility of equities.

Individual Corporate Bonds
When companies wish to raise money, whether it be to expand the business or develop a new product, they can do so by issuing what is known as a ‘corporate bond’. When an investor buys a corporate bond, they are essentially lending money to a company in exchange for an IOU. This IOU will have a term and a maturity date and at this date the full sum originally invested will be returned in full.

Why lend money to companies?
As long as you hold a bond you are paid interest, or what’s more commonly known as a ‘coupon’. This coupon is paid yearly as a return for lending your money to that company, and it is paid as a fixed percentage of the original amount invested.

So, for a £20,000 ten-year bond with a 5% coupon bought at face  value (par) an investor would receive £1,000 gross each year in interest and at maturity receive their initial investment of £20,000 back.

Flexibility…
Although corporate bonds sound similar to a fixed rate savings account or savings bond there are key differences that need to be considered. A market-traded corporate bond can be bought and sold and its price will change according to the market.  So, if you hold a ten-year corporate bond you don’t necessarily have to wait ten years to cash-in the bond. You could sell it at any point and generate a profit or loss depending on whether the price of the bond has risen or fallen at any given moment in time.

The appeal:
With interest rates at historic lows and savings accounts generating little if no return, investing cash into a  corporate bond can be seen as a solid investment. The rates available are often much better than most savings accounts and offer a fixed return, with traditionally less volatility than equities.

Corporate bonds are an investment and not a savings product. Your Raymond James Wealth Manager is always to hand to give further advice on investing in corporate bonds as we recommend that you consider these within a balanced and well diversified portfolio.

"At Raymond James Market Harborough I have always been made to feel that my investments are in safe hands. Here you are not just an account number and as a client you are well looked after and valued. I would never hesitate to recommend their services be your portfolio large or small."

Tony Johnson, Kibworth Beauchamp