Informed Choice chartered financial planner was quoted in Moneywise magazine today, in an article about building a tax-efficient investment portfolio.
Discussing the advantages of using a fund supermarket platform for your investments:
“It used to be the case that you bought your ISA from an individual fund manager,” says Martin Bamford, managing director of financial planners Informed Choice.
“‘The usual route today, however, is to use a fund supermarket where you can access a very large number of funds from a variety of fund managers. This means you do not need to change the ISA wrapper in the future in order to switch to a different fund manager.”
He adds: “Fund supermarkets usually come with a cost advantage, certainly in terms of switching between funds, which is typically charged at 0.25% of the amount switched rather than the usual fund initial charges.”
You can read the article in full here. You can find links to all of our press mentions to date this year here.
