Mark Clenshaw

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  • in reply to: Investment club broker #32174
    Mark Clenshaw
    Participant

      Thanks everyone for their involvement.
      Sadly my own small club has decided to pack up. There is not a lot of interest currently in the ShareSoc alternative but I hope to keep members involved via a regular but informal beer and blather session. Maybe ShareSoc can be a later move.
      Best wishes to all.
      Mark

      in reply to: Investment club broker #32060
      Mark Clenshaw
      Participant

        My club is meeting this weekend to decide way forward following the ii decision to withdraw service.
        Thanks everyone who has contributed to this forum thus far.
        I am just wondering if anyone has any feedback on going down either the InteractiveBroker or the limited company route? Any thoughts would be much appreciated.
        Also, just wondering if anyone has sought an extension to ii’s end of October deadline?
        Best, Mark

        in reply to: Investment club broker #31943
        Mark Clenshaw
        Participant

          Good Morning Mark et al

          Firstly thanks Mark for your effort.

          My club does not have an LEI nor do I recall ever being asked for one.

          I did try InteractiveBrokers over the phone a few days ago and got a negative response

          Re the idea of setting up either a trust or limited company, these would be separate legal entities. I just wonder how HMRC would like that; presumably that would give the opportunity to hold trading profits in the new entity and only declare distributions/dividends to members at possibly some later date. I defer to anyone’s alternate view!

          Best

          Mark

          in reply to: Investment club broker #31899
          Mark Clenshaw
          Participant

            Thanks for your involvement Mark.

            I have sent AJB bare bones details of my club on the lines requested in their mail to Sandy Forbes. Do you want a copy?

            Best wishes

            Mark


            in reply to: Investment club broker #31815
            Mark Clenshaw
            Participant

              Letter received from Interactive Investors giving notice that they are no longer to provide dealing services to Inv Clubs. I find that HL and AJ Bell have also withdrawn from offering club dealing. Does anyone know of a preferably mainstream broker still offering this? Thanks

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