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Investments made by the Maven Cognition EIS Fund will be in shares in early-stage businesses. Investors in these shares often lose 100% of the money they invested, as many early-stage businesses fail.
Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance. Try the FSCS investment protection checker here. https://www.fscs.org.uk/check/investment-protection-checker/
Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated firm, FOS may be able to consider it. Learn more about FOS protection here: https://www.financial-ombudsman.org.uk/consumers
Even if the businesses the Fund invests your money in are successful, it may take several years to get your money back.
The most likely way to get your money back is if the businesses invested in by the Fund are bought by another business or list their shares on an exchange such as the London Stock Exchange. These events are not common.
Early-stage businesses very rarely pay you back through dividends. You should not expect to get your money back this way.
Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well.
A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
https://www.fcaorg.uk/investsmart/5-questions-ask-you-invest
The percentage of each investee company that the Fund owns will decrease if the business issues more shares. This could mean that the value of your investment in each investee company reduces, depending on how much the business grows. Most early-stage businesses issue multiple rounds of shares.
These new shares could have additional rights that your shares don’t have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment.
Whilst it is the Fund's intention to invest in companies qualifying under EIS legislation, Maven Cognition cannot guarantee that all investments will qualify for EIS tax relief (or IHT relief) or, indeed, if they do initially, that they will continue to do so throughout the life of the investment. The EIS tax reliefs which may be available when investing in the Fund are therefore not guaranteed.
If you are interested in learning more about how to protect yourself, visit the FCA’s website: www.fca.org.uk/investsmart
Maven Cognition Limited (FRN 843924) is authorised and regulated by the Financial Conduct Authority.
Maven Cognition is a wholly owned subsidiary of Maven Capital Partners UK LLP.
This website contains information regarding the Maven Cognition EIS Fund (the “Fund”), including the Fund’s Information Memorandum (“IM”).
The IM is solely intended for (i) financial intermediaries, such as independent financial advisers who are authorised and regulated by the FCA, (“Intermediaries”); and (ii) categories of recipient who are permitted to receive financial promotions for restricted mass market investments under the FCA rules being:
Persons who are not in one of the above eligible categories should navigate away from this website and any who receive the IM should disregard it and take no action. No persons other than those in the categories above (and for whom the necessary preliminary steps have been successfully completed) will be permitted to make an investment in the Fund.
An investment in the Fund will place your capital at risk and investors may not get back the full amount invested. Accordingly, an investment in the Fund is not suitable for everyone.
The Fund invests in smaller and unquoted companies which carry a higher risk than many other forms of investment. There is no guarantee that target returns will be achieved. There is no liquid market for shares in unquoted companies and there can be difficulties in valuing and disposing of investments in such companies. Tax reliefs will depend on the investors’ individual circumstance and are subject to change.
Nothing in the IM or on this website constitutes investment or tax advice. All potential investors are recommended to seek advice from a regulated financial adviser that specialises in EIS fund investments before making an investment decision. An investment into the Fund may only be made on the basis of the information set out in the IM.
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