Important Information
Site Disclaimer
This website (www.tacitim.com) and its contents are owned by Tacit Investment Management (“Tacit”, “us”, “we”, “our”) unless otherwise stated. By using this site you agree to be legally bound by these terms, which will take effect immediately on your first use of this site.
The content of this website is designed to give you information on the services and products offered by Tacit. Nothing contained on this website constitutes investment, legal, tax or other advice.
The information on this website should not be construed as a solicitation or offer, or recommendation, to buy or sell securities or any other investment or banking product, or to provide any investment advice or service.
Whilst we make every effort to ensure that the content of this website is accurate and up to date, we make no representation or warranty regarding the accuracy or reliability of the information on this website.
Our website and this page will be updated from time to time without notice, and you should regularly return to this page so you can review any changes we make.
Tacit does not warrant that this site or the server that makes it available are free of viruses or bugs. It is your responsibility as a responsible user to ensure that your computer is virus protected.
Legal & Regulatory
Tacit Investment Management is a trade name of TIML Limited. Incorporated and registered in England and Wales. Registered number 9228395. Registered office 17 Hanover Square, London, W1S 1BN.
TIML Limited is authorised and regulated by the Financial Conduct Authority and is part of the Tacit Holdings Limited group of companies. Financial Conduct Authority number 670184. The Financial Conduct Authority does not regulate Tax and Estate planning.
Tacit Holdings Limited is incorporated and registered in England and Wales. Registered number 10611211. Registered office 17 Hanover Square, London, W1S 1BN.
Jurisdiction
This website, and all matters arising from it, shall be governed by and in accordance with the UK regulatory regime and is governed by the laws of England and Wales.
The information provided on this website, and your subsequent use of it may from time to time be subject to certain statutory or other external regulation, conditions and restrictions. All use of the information by you must comply with such regulations, conditions or restrictions applicable to the area or territory in which you shall use the information. The information contained on this website is therefore subject to the different laws and regulations which apply in those jurisdictions. None of the information published or made available via the Tacit Investment Management website is intended to be published or made available in any jurisdiction where to do so would result in a breach of any applicable law or regulation.
Copyright
Unless otherwise stated, this website and its contents are the property of Tacit Investment Management and may not be reproduced without permission.
Information on this site is for your personal use only, and may be reproduced in hard copy solely for your personal use. Information on this site may not otherwise be reproduced or distributed to any person in any way without our prior written permission.
Where copyright material has been reproduced from other sources, we have obtained the permission of the copyright owner therefore such material may not be reproduced without the permission of the copyright holder.
Risk Warnings
Certain investments carry a higher degree of risk than others and are, therefore, unsuitable for some investors, and the contents of our website are not and should not be interpreted as being an invitation to make an investment or other decision.
The investment services and products referred to within this website may not be suitable for all investors and if in doubt an investor should seek advice from a professional advisor/investment manager before contemplating any transaction.
Past performance is not a reliable indicator of future returns.
Please note that the value of investments, and the income derived from them can go down as well as up, and you may not recover the originally amount invested.
Where an investment involves exposure to a foreign currency, rates of exchange may cause the value of investments and the income from it may fluctuate.
Tax treatment depends on an investor’s individual circumstances, and the levels and bases of taxation can change and the benefits associated with some investment products may be withdrawn by changes in legislation. The current favourable tax treatment for Individual Savings Accounts (ISAs) and Pension Saving is subject to change in the future and may vary according to your individual circumstances.
Shareholder Rights Directive II (SRD II)
We are required by this Directive to explain whether or not we have an engagement policy in relation to the companies we invest in, where the companies’ shares are admitted to trading on a regulated market.
As the proportion of shares we hold in investee companies is on average much lower than the issued share capital and is far lower than those held by large institutional asset managers and pension funds, we are not able to engage with investee companies to the extent envisaged by SRD II. We do not therefore we are not able to engage with investee companies to the extent envisaged by SRD II, and do not have a formal engagement policy, although it remains a goal of the firm to have a formal engagement policy in the future.
MiFIDPRU 8 Disclosure
The Investment Firms Prudential Regime (IFPR) is the FCA’s new prudential regime for MiFID investment firms which aims to streamline and simplify the prudential requirements for UK investment firms. IFPR came into effect on 1st January 2022, and its provisions apply to Tacit Investment Management as an FCA authorized and regulated firm. The public disclosure requirements of IFPR are set out in MIFIDPRU 8, replacing the previous Pillar 3 requirements under BIPRU 11.
For the purpose of prudential regulations, we are classified as a SNI (small and non- interconnected) firm for reduced disclosure requirements. As such, we are required to provide a level of detail in our disclosures that is appropriate to our size and internal organisation, and to the nature, scope, and complexity of our activities.
Our public disclosure can be fund here.
Conflicts
The research and analysis in this website have been procured, and may have been acted upon, by Tacit Investment Management and connected companies for their own purposes, and the results are being made available to you on this understanding.
Tacit Investment Management, its clients and officers may have a position or engage in transactions in any of the securities mentioned in this website.
Making a Complaint
We recognise that, regrettably, from time-to-time clients may have cause to complain about a service we provide to them. Where a complaint is received from a client we want to ensure that it is properly investigated, the complaint is resolved, and a proper response provided at the earliest opportunity.
How to Complain:
Any communication should preferably be made to the Compliance Officer or a director of Tacit Investment Management at the following address.
Compliance Officer
Tacit Investment Management
17 Hanover Square
London
W1S 1BN
Alternatively, you can email us via compliance@tacitim.com or call us on +44 (0)203 051 6450.
Although you may complain about many means such as letter, telephone, e-mail or in person it is our view that it is usually best to give details of your complaint in writing.
When you contact us, please make sure you give us the following information:
- Your name, address and account details
- A clear description of your concern or complaint
- Details of what you would like to us to do in order to resolve the complaint
- Copies of any relevant documents/information
- A daytime telephone number or email address and any times which we can contact you
Upon receipt of your complaint a senior member of staff will investigate it, and a written acknowledgement will be sent to you, informing you of your right to refer your complaint to the Ombudsman Service.
We will endeavour to respond to your complaint as quickly as possible but inevitably some complaints take longer to resolve because of their complexity or the need to obtain further information. We would normally hope to send a final response to you within eight weeks of receiving a complaint.
In the event that we are unable to send a final response we will send you a holding letter detailing why we are not yet in a position to resolve the complaint together with an indication when we will make further contact.
If we have not sent you a final response within eight weeks of receiving a complaint, we will advise you of your rights regarding referral of your complaint to the Ombudsman Service. The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses can’t resolve themselves.
You can also contact the Ombudsman Service directly at:
Financial Ombudsman Service Contact Details
The Financial Ombudsman Service
Exchange Tower
London
E14 9SR
Phone: 0800 023 4567
Email: complaint.info@financial-ombudsman.org.uk
Website: www.financial-ombudsman.org.uk/default.htm
Links to third parties
This website contains links to third party websites, which we have provided for the convenience of those visiting our website, which may or may not be regulated by the Financial Conduct Authority.
We make no representation and accept no responsibility regarding the accuracy of the information contained on such third-party websites.
The existence of a link to another website does not constitute an endorsement of any organisation, or the services of any organisation, featured on such websites.
By activating any of these links you understand that you are leaving this website at your own risk. We can accept no responsibility for any loss or damage resulting from following any link featured on our website.
Cookies
A cookie is a small text file, which stored on your computer within the web browser, when certain web pages are visited that may be used, for example, to collect information about web activity. Most web browsers have cookies automatically enabled.
Some cookies and other technologies may serve to recall personal information previously indicated by a web user. Most web browsers allow you to control cookies, including whether or not to accept them and how to remove them.
We use cookies on our website to track your activity through Google Analytics and to recognise you when you return to our website so that we can provide a better user experience. Cookies also allow us to improve website navigation, making it easier for you to use our product and services.
A cookie will not harm your computer and the majority of cookies we use collect information anonymously, but they’ll occasionally collect personal information, including your IP address.
To use our website fully, you will need to have cookies enabled. If you do not accept or wish to accept or enable cookies from our website, you can still browse the site; however certain areas or features of the site may not be accessible or function properly.
Where we interact with third party websites to enable you, for example, to use the investor access service which may use its own cookies, we cannot control the use of such cookies so you should check the relevant third-party website for more information about their cookie policy.
This information is outlined as part of our efforts to comply with recent legislation and to ensure that we are open, honest and clear about user privacy. Please refer to our Privacy Policy for more information.
Privacy Notice
Our privacy notice explains how we use any personal information we collect about you. You can download this here.
Terms of Business
Our terms of business set out in detail how we provide our services. They outline the terms governing our relationships with clients; our investment services as a whole; our discretionary management services; and our execution-only and unadvised transaction services.
They also provide information on the range of investments we may transact and the risks associated with them. To view our Terms of business, please click on the link below which is most relevant to you.