An investment platform is rather like having a single account where you place all your savings, regardless of what those savings are for. It also creates a more modern way of paying for your adviser.
An investment platform is rather like having a single account where you place all your savings, regardless of what those savings are for. It also creates a more modern way of paying for your adviser.
The first thing you will do is agree with your adviser exactly what services you require and how much you will pay for these services – you are now paying for the advice you receive rather than paying for products. Your adviser will offer advice and recommend funds from a range of fund managers that you can hold on your platform. These funds will charge separately and you will be able to see exactly how much you’re paying for investment management services.
The key advantage of using a platform is the control it gives you. You can see all your investments in one place and, with your adviser’s help, buy and sell funds as you see fit. What’s more, everything happens in real time. And you still benefit from all the relevant tax advantages that you always received by holding individual pension, ISA, and investment products.