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TM home investor fund is authorised and regulated by the Financial Conduct Authority
Lump sum investment
Covered by the Financial Services Compensation Scheme
We know you want an investment portfolio that’s diverse, yet understandable. You want your money to be looked after and to work hard for you, and you want flexibility to withdraw whenever suits you.
The TM home investor fund aims to capture UK house price growth and rental income. Unlike traditional buy-to-let investing, it’s flexible and hassle-free.
You can invest anything from £100 into the fund through the online portal. You can even make monthly deposits.
Now you can become a property investor without even buying a house. So no leaky taps and tricky tenants for you.
You can make use of your ISA allowance to invest in the fund. Without the need to worry about recent tax changes introduced for buy-to-let investing.
Questions? We’ve brought together some answers to the most frequently asked questions here.
Hearthstone Asset Management Limited, a subsidiary of Hearthstone Investments plc (‘Hearthstone’) is the Property Investment Adviser to the fund. Hearthstone is a residential property investment specialist, which was founded in 2009 as the UK’s first fund manager to focus solely on residential property. Supported by a highly experienced team, it has successfully brought a range of investment funds to market for both individual and corporate investors. Through close relationships with estate agents and housebuilders and careful property selection and management, Hearthstone aims to offer attractive, stable investment performance while providing excellent accommodation and landlord services to the growing number of households looking to rent.
The ‘TM’ in the fund’s name signifies that Thesis Unit Trust Management Limited (TUTMAN) is the fund’s Authorised Corporate Director and has overall responsibility for ensuring the fund is operated in accordance with the Financial Conduct Authority’s regulations.
National Westminster Bank Plc (NatWest) is the fund’s Depositary and is responsible for overseeing TUTMAN’s operation of the fund. NatWest is also responsible for the safeguarding of the assets of the fund and protecting the interests of incoming, outgoing and continuing investors.
Just like any other product or service, TM home investor fund is subject to charges and expenses which have the effect of reducing the potential returns of your investment. These include the costs of running the fund, as well as marketing and distribution costs.
The share class you can invest into through the online portal provided by WealthKernel has estimated ongoing charges (OCF) of 1.81% per year. This includes the Annual Management Charge of 1.1% plus other estimated variable expenses incurred in operating the fund. The variable expenses depend on things like the number of investors in the fund, property valuation fees and legal costs.
Of the 1.1% Annual Management Charge, 0.2% is paid to WealthKernel as a product fee to manage the service they provide, which includes the administration of your investment on their portal as well as the ongoing reporting to you.
There are no initial charges made on your investment through the online portal, so all of your money is used to buy shares in TM home investor fund. However, the costs of buying or selling properties (such as Stamp Duty Land Tax, disbursements, estate agent and legal fees) are factored into the share price. More information can be found in the fund’s prospectus.
Different share classes are available on third-party investment platforms and through financial advisers. Not all share classes are available directly to retail investors. Other share classes may have higher or lower charges than that available through the WealthKernel portal, but the third-party platform or financial adviser will usually make a charge for the service and, if applicable, the financial advice provided. A full list of share classes can be found in the fund’s prospectus which you can contact us to obtain.
You may also contact us for an application form should you not wish to use any of the above methods to invest in the fund.
There’s no lock-in period or minimum investment time. However, this should be considered as a medium to long-term investment of at least five years.
You can invest in the fund through a new Stocks and Shares ISA via the online portal provided by WealthKernel. The portal does not currently offer a SIPP investment option.
The fund can be held in many other providers’ Stocks and Shares ISA, Junior ISA, and SIPPs. Please talk to your provider or financial adviser and let them know you would like to invest in the TM home investor fund.
Most investors are underweight residential property – their own house is not part of their investible assets and is usually purchased because it suits their lifestyle, not because of the investment returns it might generate.
A professionally managed portfolio of private rented flats and houses can provide real diversification, alongside long-term capital growth or consistent income returns, within a portfolio of other assets such as equities, fixed income and commercial property.
As a large investor in residential property, the fund is also able to spread the risk of property ownership rather than it being concentrated in one or two properties in a single area. TM home investor fund invests in flats and houses of various sizes across England, Scotland and Wales to broadly reflect the UK (excluding Northern Ireland) housing market in terms of regional distribution and property type. Preference is for new or modern properties to keep maintenance and management costs as low as possible and which will attract reliable long-term tenants in strong performing rental locations with an active re-sale market to give the best potential returns.
The fund can also be used to meet specific requirements, such as an alternative to buy-to-let or to ensure money keeps pace with house price inflation for those saving for a house, to help their children/grandchildren on the housing ladder, or for expats currently living abroad.