EXPERT COMMENT ON SMALLER COMPANIES AND AIM SHARES FOR INHERITANCE TAX PLANNING

Key people

Christopher Boxall

Christopher Boxall qualified as a Chartered Accountant in 1989. He was formerly with Deloitte & Touche and prior to establishing Fundamental Asset Management in 2004 was a Director at the Washington Financial Group where he was a key member of the investment management team of the Washington US Fund, a successful equity fund. Since 2004 Chris has been joint Chief Executive of Fundamental Asset Management Ltd with primary responsibility for equity research and management of client portfolios, including the high performing AIM Portfolio Service.

Stephen Drabwell

Stephen Drabwell was formerly with UBS as a sales trader on the portfolio trading desk and subsequently at Washington Financial Group where he was senior trader and a key member of the management team of the Washington US Fund. Stephen founded Fundamental Asset Management in 2004 where he is joint Chief Executive with overall responsibility for trading and risk management.

Michael Crockett

Michael Crockett is an experienced private investor who has focussed on small cap shares for over 25 years. Michael’s business career background was an IT Manager in the Financial Services industry and more recently he was Marketing Director of an IT Company. In 2002 he ‘gave up the day job’ to focus on his investing activities and in 2008 Michael set up the small cap investor website, “AimZine” which became part of Investor’s Champion late in 2012.

Mark Dichlian

Mark Dichlian is a highly experienced equity analyst. He was formerly with BZW (8 years) where he covered all corners of industrials and ultimately at Lehman Brothers for 4 years where he provided the structure of research product to add to their rigorous database and RoCE analysis and where his team maintained a Pan European top 3 rating. Mark is also currently a consultant to Edison Investment Research Ltd, Europe’s leading independent investment research company. During his time in the City, Mark researched over 120 different companies from £30m to $90bn market capitalisation. Mark has supported Investor’s Champion since 2006.

Graham Neary

Graham Neary is a CFA-qualified former institutional fund manager with an outstanding ‘FTSE-beating’ track record. Graham treats the stock market as a place to buy shares in great businesses with the quality of the business more important than the earnings multiple. From its inception in May 2013 to December 2015 he was sole portfolio manager of the Tunbridge Wells Active Fund, achieving a top-quartile risk-adjusted return within the UK All-Companies Sector with a cumulative return of 29.6%. compared with the FTSE 350 benchmark return of 13.3%.