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Whisky Investment Guide
Whisky Investment Guide
Whisky Investment Process
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Whisky Investment Guide
Whisky Investment Process
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Typical whisky investment process
At VCL Vintners, we understand that whisky casks are an investment class new to many. To make the process as accessible as possible, we follow a simple strategy when on-boarding buyers. This transparency gives our clients the confidence and clarity needed when investing into a new market.
Step 1
The Journey Begins
All whisky casks provided to our clients are owned by VCL Vintners- we do not operate on an ‘Option to Sell’ basis. Where you see a stock listed for sale, it is owned by us. We have assessed its profitability and have purchased it, regardless of whether it finds its way to client or remains within our stock portfolio.
Step 2
Cask Selection
Once you have spoken to your cask broker and you have made a decision as to your comfort levels for investment, the broker will provide a stock recommendation by the way of a ‘Certificate of Acquisition’, detailing the specifics of the casks. A signed copy is needed alongside Anti Money Laundering Documentation (Photo ID and Utility Bill).
Step 3
Transfer of Funds
Your funds are to be transferred in a timely fashion by way of bank transfer or cheque.
Step 4
Transfer of Ownership
Once we have received signed paperwork and funds have been transferred in full, you are issued with a receipt, your Unique Cask Number and details of the HMRC regulated bonded facility in Scotland currently warehousing your cask.
Step 5
Cooling-Off Period
Shortly after this a member of our management team will contact you as part of our compliance process to ensure that you are happy and that you have received a high standard of professional service. As this call ordinarily occurs within a seven day period of your investment, the Distance Selling Act ensures that you have the right to a refund should you feel unhappy with the purchase.
Step 6
Ongoing Support
The broker will then maintain regular contact with you, updating you on any developments with your cask and the whisky market in general.
WATCH
What should you look at when selecting a cask for investment?
The thing that makes us stand out is that we're looking at this as an investment. The decision we make is solely based upon the returns, because our clients aren't people who want to collect whisky. They're people who want to profit from whisky. For us, it's about making a recommendation in order to make a return on investment.
Required Documentation
As part of the process outlined above, we will need to see certain identity and address documentation to confirm your details. This is required by law and ensures that we adhere to regulations regarding AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements. We can accept physical documents submitted by post or you can complete the process electronically on our customer portal to save time. All data is held with strict data protection procedures in place to protect your privacy.
