Defaqto unveils new ratings for AIM and unlisted BR services
Defaqto said its Star Rating is a measure of the quality of features whilst a Diamond Rating is an indication of product performance.
The decision to incorporate ratings for AIM and unlisted BR services follows Defaqto's acquisition of MICAP, a specialist in tax-advantaged investments, in July last year.
In November, Defaqto introduced Star and Diamond Ratings for Enterprise Investment Scheme (EIS) funds and Venture Capital Trusts (VCTs).
MICAP brings fees and charges scoring to VCT and EIS ratings
Investments into AIM and Unlisted BR services are intended to qualify for Business Relief, which means the entire investment can fall outside of an investor's estate for inheritance tax purposes.
Defaqto said the new Star and Diamond Ratings leverage MICAP's data on the tax-advantaged market and apply its methodology to assess quality and performance.
The MICAP platform is used by more than 1,000 IFA and wealth management firms and assists advisers with EIS, SEIS, VCT and BR products, as well as digital application forms and post-investment consolidated reporting.
Defaqto said its Star Rating is a measure of the quality of features whilst a Diamond Rating is an indication of product performance. The two ratings help advisers and consumers assess products at-a-glance.
Defaqto's research has shown that 88% of consumers are more likely to choose a Defaqto-rated product, and 80% of its adviser clients use Defaqto Ratings as part of their selection criteria.
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Defaqto chief executive John Milliken said: «This launch confirms our ongoing commitment to supporting advisers and consumers looking at the tax-advantaged investment market.
»By combining Defaqto's technology and understanding of
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