What is a Platform?

In simple terms, a platform is an IT solution that allows clients to consolidate their investments and manage these in one place. In reality, a platform is a service rather than a product.

A platform includes the following features:

·        A single fee from the platform across all accounts and transparency of costs

·        Reduced paperwork and simplified administration

·        A wide choice of investment funds

·        Access to tax wrappers with no or low charges, such as ISAs, pensions, general investment accounts, onshore bonds and offshore bonds

·        Consolidated valuations and taxation reports, making holistic financial planning easier

·        Access to online valuations

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December 10, 2020