Investments on a platform or do the leg work yourself?

Patrick Day

Origen Consultant

Keeping track of all your investments can be time consuming and a real challenge to maintain.

You may have investments, including ISAs, and pension plans, but they may be spread across many different banks and product providers. So gathering the information you need to review and check your progress can be difficult – and finding time to complete this task can be hard to fit in to our day-to-day lives.

Helping you to review your investments

By using a platform, you can put your investments, including the underlying investments within selected pensions, in one place even if they are held with different fund management groups. A platform enables you to easily review your investments and see how they are performing. By holding them in one place, you can switch easily between investments, receive a consolidated tax voucher and can withdraw or amend existing contribution amounts – subject to product rules. For example, you cannot access a personal pension until age 55.

By holding investments on a platform, you will be subject to a platform fee – so when choosing the platform you will need to consider whether the platform provides the services you need and also has access to the products which you want to invest in. Platforms can also often offer discounted ongoing fees for fund management so you may save money through lower charges.

Helping you choose a platform

At Origen, our Investment Research Team have selected Fidelity Funds Network and Cofunds and for pensions, Aegon’s ARC to provide suitable platform options for our clients.

Important update – for Cofunds users You will shortly receive a letter from Cofunds, following Aegon’s acquisition of the platform at the beginning of this year. The letter will include new Terms & Conditions to reflect the changes to the platform as it’s upgraded after a multi-million pound investment. Aegon has committed to not increasing the rate of the fee you pay for the platform and is improving services and developing new ones, making it easier for you to review your investments.

We can discuss which platform provides the services suitable for you and consider whether holding your investments on a platform is necessary.

Due to our large numbers of clients, we are often able to negotiate lower platform fees for our clients and you can also reduce your fees by increasing the value of the investments which you hold on the platform. If you have investments across a number of platforms, it may be worth consolididating your investments onto one platform to reduce your ongoing costs. Speak to your Origen consultant who will be able to look at the options available.

Platform solutions hand in hand with advice 

A platform can help you see how you are progressing towards your financial goals.  Your Origen consultant can advise you on putting your money to work and helping you towards you financial goals. In between review meetings, you can easily keep track on progress and if required, call your consultant to discuss any changes in your circumstances which may impact your financial needs.    

With stockmarket investments, your capital is at risk and the value of your investments can go down as well as up, you could get back less than you’ve paid in. Tax treatment depends on individual circumstances and tax rules could change in the future.

This article is for information only and is not to be taken as Financial Advice. 

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