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First Steps

Alliance Trust Savings First Steps Account is a flexible self-select investment account that offers all the features of our Investment Dealing Account, while enabling your clients to invest either for the benefit of a child or with an eye to the child’s future.

There are two ways to open a First Steps Account:

  • hold the account in your clients name with the option to pass it on to the child when they reach 18
  • set up the account under a trust

What are the main benefits?

  • Access via i.nvest to an extensive range of investments including:
    • 1400 + funds
    • UK investment trusts, including AIM securities
    • UK and international equities
    • Exchange Traded Funds (ETFs)
    • UK government gilts and fixed interest securities
    • Convertibles, debentures and loan stocks
    • Cash on deposit
    • Preference stocks
  • An excellent way for parents or grand-parents to make investments for a child.
  • If the First Steps account is linked to any adult held account, valued at more than £10,000 it could qualify for a rebate of dealing charges for automatic purchases of Alliance Trust PLC shares.

Please refer to the Shareholder Benefits section for more information

There is no maximum limit on the amount your clients can invest through our First Steps Account as there are no tax advantages associated with the account, and they can make regular or lump sum payments from as little as £50.

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Charging Structure

We believe that charges should be transparent and should reflect what we do for you. There are no set up charges or annual management charges so your clients only pay for the services they use. There are no hidden charges and we take pride in the fact that our pricing structure is, we believe, one of the most competitive around. Charges start at as little as £6.25* per deal. For further details please refer to the Schedule of Fees.

* Charges start at £6.25 and vary dependent on the number of Alliance Trust PLC shares you hold. Please refer to the Shareholders Benefits section for more information.

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How to Apply

A First Steps Account can be opened by any person over the age of 18 for a child under the age of 18. It can be held in a single name or jointly with up to four others.

If the account is in your client’s name, earmarked for the benefit of a child, the assets will remain in the control of your client and form part of their estate on death.

The account can also be placed into Trust after it has been opened if required.

Please complete the First Steps Application Form. If your client would like you to access their account online and or make investment decisions and maintain their account, please ensure that you complete the Third Party Authority Form.

Our Literature Library contains all forms and documents relating to our First Steps Account.

All completed forms should be returned to:

Alliance Trust Savings Ltd
PO Box 164
8 West Marketgait
Dundee
DD1 9YP

Once the First steps Account is set up, we will send your clients a Personal ID and PIN to allow them to manage their account through our i.nvest service. If there is more than one joint owner, the access codes will be issued to the first named on the application form.

i.nvest is easy to use and enables your clients to:

  • Manage investments
  • View valuations
  • View all the assets held within the First Steps
  • Buy and sell individual holdings

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