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ProductUnicorn AIM IHT & ISA Growth PortfolioSeneca VintageSeneca Preference
Offer SizeEvergreenEvergreenEvergreen
Portfolio OptionsIncome (paid quarterly) and Growth N/ALegacy (target return 3%) and Quest (target return 5.25%)
ISA QualifyingYesN/AN/A
Minimum Investment £50,000 £50,000 for initial investment (£25,000 subsequent investments)£50,000 (£25,000 per Investment Option chosen)
Initial Charge 2% +VATSeneca's initial fee: 2% plus VAT (advised); or 5% plus VAT (non-advised)2% +VAT
RDR Facilitation Up to 2.5%N/AN/A
AMC/Ongoing Charge1.5% +VAT1% plus VAT 1% +VAT however not paid by investor charged to investee companies
Dealing Fee0.5% on the value of shares purchased
Up to 0.35%
Exit Fee1%3% plus VAT (1st year only); or
2% plus VAT (2nd year only); or
1% plus VAT (3rd year onwards)
3% +VAT (1st year only)
2% +VAT (2nd year only)
1% +VAT (3rd year onwards)*
Offer Close DateEvergreenEvergreenEvergreen
Minimum Investment Period2 years2 years2 years
Performance FeeNoN/ANo
LiquidityDailyN/AWith 3 months notice
Target ReturnN/A4% p.a.Quest: 5.25% p.a. Legacy: 3% p.a.
Loss ReliefNoNoNo
IHT ReliefYesYesYes
Investment ObjectiveGrowth (ISA Wrapper available)Capital PreservationCapital Preservation & Growth
Manager Unicorn Asset ManagementSeneca PartnersSeneca Partners
Tax-free GrowthYes (AIM IHT ISA only)NoNo
Tax-free DividendsNoNoNo
Income Tax ReliefNoNoNo

*Not chargeable on death

 

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This section is not intended for, and must not be accessed by, investors who would be classified as retail clients under MiFID. If you are in any doubt as to whether you would be deemed to be a ‘professional client’ or ‘eligible counterparty’, please seek professional advice and refrain from accessing this section until such advice has been obtained.

By clicking ‘I accept’ you confirm that you are an FCA authorised financial intermediary, you also confirm that:
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  • I recognise that the information provided on this Website is for information purposes only and is not a solicitation of an investment;
  • I will study the Prospectus, KIID or Offering Memorandum of an Investment Product, including the risk factors before making an investment

Disclaimer

In order to view the information on the LightTower Partners website (lighttowerpartners.co.uk) (the “Website”), you must accept the terms and conditions set out below (these “Terms”) and our separate Terms of Use. These Terms create a binding legal agreement between us. For your own protection and benefit, please read these Terms carefully before starting to use this section of the Website. During each visit to this section of the Website, you are responsible for being familiar with, and are bound by, the then current version of these Terms. If you do not agree to these Terms, please refrain from using the Website. By clicking “Accept” below and accessing the information and material available on the Website, you accept these Terms.

IMPORTANT NOTICE: For legal reasons the contents of the Website cannot be made available to US residents. These materials and any products described herein are not being offered or targeted to US persons or to US residents and access by them is prohibited.

This section is only for UK regulated financial advisers, wealth managers and others regulated by the Financial Conduct Authority.
This section is not intended for, and must not be accessed by, investors who would be classified as retail clients under MiFID. If you are in any doubt as to whether you would be deemed to be a ‘professional client’ or ‘eligible counterparty’, please seek professional advice and refrain from accessing this section until such advice has been obtained.

By clicking ‘I accept’ you confirm that you are an FCA authorised financial intermediary, you also confirm that:
(i) you are eligible to access this section of the website and that you are acting on the behalf of your client as their authorised adviser or are seeking information as a representative of an institution;
(ii) you understand that the information contained in this section of the website is provided solely for the use by the advisers of organisations or representatives of such organisations, and not for members of the general public;

I confirm that:

  • I have read and accept the Terms and Conditions of using this Website, detailed above;
  • I am a professional client or eligible counterparty for the purposes of the Conduct of Business Sourcebook of the FCA;
  • I will not make an investment in an Investment Product, or advise another to do so, if the promotion of the Investment Product to the type of investor I represent is prohibited;
  • I recognise that the information provided on this Website is for information purposes only and is not a solicitation of an investment;
  • I will study the Prospectus, KIID or Offering Memorandum of an Investment Product, including the risk factors before making an investment