LGBR Tax has been renamed LightBridge Partners.
The move reflects a rapidly business which now warrants its own brand, differentiating it from its affiliate LGBR Capital.
Since 2012, LGBR Tax has worked in partnership with investment managers at the forefront of the tax-efficient investment sector, developing and distributing innovative products to investment intermediaries and educate advisers on how these products can benefit their clients.
Head of Tax Efficient Products at LightBridge Partners Jack Rose (pictured above) said: “Our new name unites two words that reflect our core principles. Light illustrates our innovative thinking and expertise in tax efficient investing, together with our commitment to sharing knowledge and insights through our tax-efficient education programmes. Bridge refers to our passion for building long-term partnerships. We are committed to helping advisers partner with their clients to shape their financial needs and in building lasting relationships with managers in the tax-efficient investment sector.”
LightBridge Partners will continue, independently and with industry partners, to provide its education, training and support service for advisers specifically focused on maximising opportunities for their clients, whilst providing distribution for investment-led managers in the sector.
Rose added: “The business has grown rapidly over the years, driven by increased adviser demand for tax-efficient investments to meet client needs. Recent changes to pension rules and a rising IHT burden have propelled new assets into the sector. We have responded to the real need for an effective and widespread ongoing adviser education programme, as deployed effectively these products can form an important part of an investor’s portfolio. Our new brand name demonstrates our ongoing commitment to the sector and its future, in partnership with our investment managers and adviser clients.
“In a bid to raise awareness of the sector and increase understanding of tax-efficient products, their features and where they can help clients, in the last twelve months alone, we have hosted over 70 nationwide events attended by more than 200 adviser firms and 2,000 advisers on the full spectrum of tax efficient investment products from VCTs to BR. We have also commissioned two independent industry reports and participated in webinars, video tutorials, podcasts and contributed a regular educational blog.
“We have seen greater acceptance of the credibility of the sector and its benefit for investors, a better understanding of its role in the investment landscape and pensions environment, an improvement in its reputation and greater acceptance of the industry’s contribution to the UK economy.”