Investment financial platforms, What is an investment platform?

Those considering investing via an investment platform will naturally have questions regarding their essential functions.

Here we provide a breakdown of the key facts of investment platforms. How does an investment financial platforms platform work?

An investment platform is essentially an online service which allows you to buy, sell and hold funds. Platforms have become very popular over the years as it can be a tax efficient way to hold investments.

Having online access also allows you to view and monitor the progress of your investments at any time. Depending on the type of platform service you choose, this could mean that potential adjustments could quickly be made in line with market changes.

What charges would I pay? This appears to cause the greatest amount of confusion amongst platform users.

The types of charges will vary between platforms but some of the most common fees include fund dealing, admin, exit and ongoing adviser charges. The rates of these fees will differ amongst each platform and may not always be applicable.

With so many potential charges, it really does pay to do your research before signing up for anything. If you would like to gain further insight into investment platforms, or to discuss your investments, please give us a call or fill in our contact form to speak to an independent financial adviser. This article is for generic information only and is not suggesting a suitable investment strategy for you. You should seek independent financial advice that takes your individual circumstances into account prior to proceeding with any course of action.