Home About Us Services Contact Us Our Fees
Investments Pensions Protection Commercial Mortgages


The information on this page is generic and for information only and does not constitute advice.

Part of your financial planning aims and objectives may include investment of capital for growth, income or inheritance tax mitigation.

As well as a wealth of knowledge, we have research tools at our disposal to compare investment products from the whole of the market to find one that best suits your needs. Our advice process will include establishing your attitude to risk and your capacity for loss, ensuring that any advice given to you is suitable for your risk profile.

There are a vast array of investment products available to the small investor and which one is suitable for your needs will be established following an in-depth discussion with one of our Independent Financial Advisers. Some of the more common types of investment vehicles include:

Prism IFM Ltd - Financial Adviser - Independent Financial Advice - Haverfordwest - Pembrokeshire Individual Savings Accounts (ISAs)

The annual ISA allowance will in most cases be the first port of call for an individual's investment objectives because of the tax-free status on growth. There is no Capital Gains Tax (CGT) to pay when switching funds or making full or partial surrenders. However, ISAs may not a suitable investment if your priority is Inheritance Tax Planning. They are a single life plan available to those aged over 18 only.

Previously there were several ISA options, Mini and Maxi ISA offering combinations of cash and stocks & shares investments etc. There are now just two options; Cash ISA or Stocks & Shares ISA. The name of the Stocks & Shares ISA can be somewhat misleading, indicating that you must invest in stocks and shares which is not accurate at all.

A Stocks & Shares ISA allows you to invest in a large choice of different funds in different asset classes, not just stocks and shares. Stocks and shares, or equities as they are also known, are generally viewed as a high risk investment if investing for the short term but have proven performance over the long term. Past performance should not be used as a guide to future performance. The other funds available in a Stocks & Shares ISA make it a suitable consideration for the more cautious investor also, you can even invest in cash funds within a Stocks & Shares ISA for instance.

 Prism IFM Ltd - Financial Adviser - Independent Financial Advice - Haverfordwest - Pembrokeshire Open Ended Investment Companies (OEICs)

OEICs are not as tax efficient as ISAs, but there are alternative benefits. Everyone has a CGT allowance and when surrendering or taking regular withdrawals, as long as any gains made from inception do not exceed the CGT limits, there will be no additional tax liability. Unlike ISAs or PEPs switching funds will trigger a potential CGT liability.

 Prism IFM Ltd - Financial Adviser - Independent Financial Advice - Haverfordwest - Pembrokeshire Unit Trusts

Unit Trusts, like OEICs, are open ended companies that can expand and contract according to market conditions. OEICs have a single pricing system, in other words, the buy and sell price are the same. Unit Trusts have a dual pricing system known as the bid–offer spread, meaning there is a difference between the unit price you buy and the unit price you sell at.

OEICs and Unit Trusts cannot be covered by trusts making them unsuitable if your priority is Inheritance Tax Planning (IHT).

 Prism IFM Ltd - Financial Adviser - Independent Financial Advice - Haverfordwest - Pembrokeshire Investment Bonds

Investment bonds are lump sum collective investment vehicles and can be tailored to provide an income or growth depending on a client’s circumstances. In order to entice investors into investing money with them many providers often offer an "enhanced allocation" to the initial invested amount which can help provide a healthy start for the investment. They are also a useful product for people wishing to invest as part of their Inheritance Tax Planning aims and objectives.

 Prism IFM Ltd - Financial Adviser - Independent Financial Advice - Haverfordwest - Pembrokeshire SIPPs

Self Invested Personal Pensions (SIPPs) have become a popular way to manage your financial affairs in preparation for, and during, retirement. Investors now expect the flexibility available to them in their collective investments to be available in their pension plans also. SIPPs offer that flexibility. The general consensus is that they are usually only suitable for clients with a minimum retirement fund of approximately £100,000.


Investment of capital sums for medium to long term growth is not a decision that clients take lightly. As well as a robust and structured approach to getting to know our clients prior to conducting any business, we also pride ourselves on providing an ongoing service and regularly reviewing our clients' investment portfolios.

Several of our clients have come to us as a direct result of not having received any service from their previous Financial Advisers for several years after a product was recommended and sold to them. At Prism we have systems and controls in place which aim to ensure this never happens with our clients. So if you have investments that have not been reviewed for some time, now may be an opportune time to give us a call. This may be especially important if you are nearing retirement when consider how many people nearing retirement have suffered large drops in the values of their investment and pension funds in recent times.

Prism Independent Financial Management is registered in England & Wales No. 5294999
Registered Office 46 High Street, Haverfordwest, Pembrokeshire, SA61 2DA
Authorised & Regulated By
The Financial Conduct Authority

Financial Advice Haverfordwest - IFA Haverfordwest - Financial Adviser Haverfordwest - Pensions Haverfordwest