MAKE AN ENQUIRY CALL US HOME ABOUT US SERVICES WEALTH MANAGEMENT SECTORS PEOPLE CONTACT US NEWS & EVENTS PAY ONLINE PRICING CHARITABLE INVESTMENTS The Trustee Act 2000 imposes various legal obligations on trustees particularly when it comes to investing trust money. You are required, amongst other things, to ensure that Trust investments are suitable, appropriately diversified and reviewed regularly. There is also an obligation to take investment advice. You can, as a charity, buy in a tax efficient CIS (Collective Investment Scheme), which is a charitable investment that is charitable – or we can build you a portfolio that similarly achieves great returns without paying a penny of tax – so all the profit goes towards the charitable purpose. Simply by consulting us on an occasional basis you can satisfy these criteria. There are a few parts of the Act 2000, which we can help satisfy. PART II SECTION 4.3 This regards the ‘standard investment criteria’ of the trust. This means that: You need a standard set of criteria It needs to consider all possible appropriate investments The need for diversification These criteria are very familiar to independent financial advisers and as legal practitioners too we are well versed with creating and, often more importantly, maintaining these investment criteria so you, as trustees, can manage your assets free from the hassle of investment management. PART II SECTION 5.4 It is a legal duty of trustees to seek proper advice when discussing the standard investment criteria and any capital that falls within it. The definition of proper advice within the act being: “Proper advice is the advice of a person who is reasonably believed by the trustee to be qualified to give it by his ability in and practical experience of financial and other matters relating to the proposed investment.” Who better to fulfil this function than an SPS awarded, qualified and experienced adviser dual regulated by both The Financial Conduct Authority AND The Solicitors Regulation Authority. If you decide that you do want an adviser there is one other function an IFA can fill which can aid in the smooth running of the trust/charity and that is, from Part IV. Section 11. as an agent. Not only can we process orders on your request, but also we can act on behalf of the entire trustee board. Normally, when a trustee board makes a decision to act, there are between two hours to three weeks of filling in forms in the appropriate places and ensuring all the correct signatories are in place. With a professional IFA, this does not occur as we come with all the relevant paperwork and the ability to process small instructions on your behalf. MAKE AN ENQUIRY ? Required Office Boston Grantham Horncastle Lincoln London Newark Sleaford Spalding Stamford Sophie Barnes Paraplanner - Stamford <> Meet the team PERSONAL PLANNING Accessing Retirement Savings Capital Gains Tax Planning Charitable Investments Equity Release Advice Income Tax Planning Investments Life Insurance Pension Sharing Orders Trustee Investments Saving For Retirement REQUEST A CALLBACK CONTACT US MAKE AN ENQUIRY Boston - Wide Bargate 28 Wide Bargate Boston Lincolnshire PE21 6RT 01205 351114 Boston - Main Ridge West 2 Main Ridge West Boston Lincolnshire PE21 6QH 01205 351114 Bourne - Appointment Only 6 West Street Bourne Lincolnshire PE10 9NE 01778 218001 Grantham 30 Avenue Road Grantham Lincolnshire NG31 6TH 01476 591550 Horncastle 5 South Street Horncastle Lincolnshire LN9 6DS 01507 522456 Lincoln 1 Flavian Road Nettleham Road Lincoln Lincolnshire LN2 4GR 01522 541181 London - Appointment Only The Gridiron Building One Pancras Square London N1C 4AG 0207 8715 755 Newark 1 Trentside Business Village, Farndon Road Newark Nottinghamshire NG24 4XB 01636 673731 Sleaford 5 Market Street Sleaford Lincolnshire NG34 7SQ 01529 411500 Spalding Dembleby House, 12 Broad St Spalding Lincolnshire PE11 1ES 01775 725664 Stamford 9 Broad Street Stamford Lincolnshire PE9 1PY 01780 764145 Chattertons and Chattertons Solicitors are trading styles of Chattertons Legal Services Limited. Registered in England and Wales. Company No. 09919910. Authorised and licensed by the Solicitors Regulation Authority. SRA No. 631531. Chattertons Wealth Management Ltd. Registered in England and Wales. Company No. 09919918. Authorised and regulated by the Financial Conduct Authority. FCA No. 766148 Registered Offices: 5 South Street, Horncastle, Lincolnshire, LN9 6DS. We use the term “Partner” to mean a senior employee. AccessibilityComplaints ProcedureLegal DisclaimerPrivacy PolicyCookiesSitemap YOUR CHOICE REGARDING COOKIES ON THIS SITE Clicking the Accept All button means you are accepting analytics and third-party cookies (check the full list). We use cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click Settings. Accept All Settings