CoInvestor Partners with EISA to Launch EIS Fee Calculator

In August 2020 the Enterprise Investment Scheme Association (EISA) launched their new ‘fee principles’ designed to bring industry standardisation and transparency on the presentation of managers fees for investors and investees. 

Following this launch, CoInvestor have created an online industry calculator to reinforce fee transparency, enabling users to calculate and understand costs from one fund to another.

The calculator simplifies the EIS advice and research process by looking at a 5-year investment period and giving advisers and investors the means to:  

• Easily calculate total expense ratios across different managers.
• Identify who will be paying the fees i.e. the investor or portfolio company.
• Determine how much of the subscription will be eligible for tax relief.

Chris Sandfield, Chief Executive of CoInvestor said "We were delighted to be able to develop this in conjunction with the EIS Association for the EIS industry. It is an important step forward in increasing transparency and we are certain it will help advisers to give their clients the right advice on the choice of EIS Funds."

Martin Fox who has chaired the fee project for EISA said: "We were delighted CoInvestor offered to develop the fee calculator to support our initiative on the transparency of fees. We believe the EIS market is seriously undersold, both as an investment, for the support that it offers to exciting young businesses, as well as the generous tax reliefs that it offers. We welcome this development as we believe that these new levels of transparency will encourage more advisers to offer these products to their clients."

"We are very grateful to the EIS managers that took part in the development stage of this project and would now encourage the rest of the industry to join them in making their fees accessible on the CoInvestor platform."

The initiative has been launched in partnership with 10 leading EIS fund managers with individual fee calculators accessible on each of their CoInvestor fund pages. Full list of these managers can be found below:

If you have any questions about the CoInvestor EIS Fee Calculator, please get in contact with us via contact@coinvestor.co.uk