Q. I keep reading about ‘Wrap Platforms in the press, and have noticed you also use them for your clients’ investments.
My own adviser says he prefers to use the ‘tried and tested’ insurance companies for my ISAs and Pension policies.
What are the main advantages of using this way to manage your investments?
A. This is a subject that is being talked about far more. We have covered this in previous issues and you can read these articles below#. Since then the various Wrap Platforms have continued to attract more and more of the share of the investment market.
One of the companies we use is called Transact, which has been in business for over a decade, and the main benefits we find are:
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all your investments in one place making admin easy
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access to specialised low cost passive funds that in the past were only accessible to the super rich
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totally explicit and quite often lower costs
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easy to pay agreed fees to your planner / adviser
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it puts YOU in control of YOUR money
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discounts for larger portfolios
We note that your adviser prefers to stay with what we call the ‘old world’ by continuing to use Life Company funds.
We agree they are tried and tested, and that is why we hardly ever use them!
# Article 1
# Article 2
# Article 3
About Graeme Urwin
