EISWallet.com launched by CoInvestor

by | Jan 27, 2017

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CoInvestor, an alternative investments platform, has launched EISWallet.com

The new online service allows investors, and their financial advisers, to record and manage all of their Enterprise Investment Scheme (EIS) and unlisted investments digitally for the first time.

The free service, which is currently in beta phase, has been developed, says CoInvestor, to help manage income tax relief as well as any capital gains implications from investing in EIS and other unlisted investments.

Users can store details of their investments and upload share and EIS certificates to their EIS Wallet throughout the year. This allows them to track the value of their tax savings in real time. The interface also allows users to easily enter information about their investments,  or products, and link these directly to Companies House. They can then add them to an overarching dashboard which tracks the valuation, tax relief amount and the key EIS benefit expiry dates.

Founder of CoInvestor and EIS Wallet Charles Owen said: “Being in the business of alternative investments, many of which offer tax efficient savings, we realised that there was no standardised way for investors to record their unlisted product holdings, with paperwork in many cases still the main means of proof.

“Pairing this insight with the trend of growing demand from investors to access financial products, information and services online, we came up with the EIS Wallet – a digital solution aimed to make managing investments easier and take the pain out of completing tax returns.”

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