Current ISA rules stipulate that investors can divide their tax-year ISA allowance of £20,000 between different ISAs, but they may only subscribe current tax-year subscriptions to a single Innovative Finance ISA (IFISA), Cash ISA and Stocks & Shares ISA each year.
This means it is very difficult to not only build a diversified Peer to Peer (P2P) portfolio within an IFISA, but also to build a diversified portfolio across all 3 ISA types, which is wrapped in a single ISA.
MultiISA operate a Self-Invested ISA which offer much wider investment powers than are generally available for ISAs. The wider investment powers can allow investors to invest in a wide range of assets, including P2P qualifying investments across multiple platforms in an IFISA.
The company aim to lead the market by providing this service under a single ISA Management platform.
After spending years working in Financial Services, it was clear to me that there was a huge disparity between the advised and non-advised investor in terms of the services available. There are up to 10 million UK consumers who are no longer able or prepared to pay the cost of traditional advice services. However, no-one else will have their best interests as close to their heart, as themselves…
We knew that a technology driven ISA Management platform would allow us to offer affordable pricing for investors and could still be profitable for the company. And I am confident that, together, along with our collaborative partners, we have the right mix of skills and technology to make it happen.
Previously an FCA approved investment adviser, John was also a co-founder & operations director at Connect Mortgage Network; a specialist mortgage processing and packaging company originating over 400 mortgage applications per month. John also co-founded financial advice firms; training, coaching and supervising advisers.
Kamalia has 20 years experience in sales and international business development across multiple sectors, including financial services, oil, real estate and hospitality. Adding her skills in leadership, marketing and valuable insight into the formal structures and procedures in the corporate world will ensure a successful launch and continued business growth.
Ian developed and launched a bespoke comparison and information site on P2P lending, p2pmoney.co.uk providing consultancy and advertising services to existing and new P2P platforms. He has been interviewed by national media, provided data and opinions to government agencies and covered leading P2P lending conferences in the press.
A former Executive Director at Morgan Stanley, with over 20yrs experience providing innovative IT solutions supporting Global Client operations covering Equity, Bond and Derivatives trading, including Syndicated Initial Public Offerings, Prime Brokerage and Regulatory Reporting requirements.