Ali is 32, with two pre-school children. She is a primary school teacher and her husband works in middle-management. They don’t have much money left after paying for childcare and their annual summer holiday, but want to start investing for their children’s future. At the moment they have £10,000 in a Cash ISA and £2,000 in Junior ISAs for each child, all of which they are prepared to invest.
Their main priority is to continue to build their investments for their children, so they hope to be able to invest the maximum Junior ISA allowance each year (currently £4,368 per child). Let’s look at the Top 5 results based on their current investments:
|PLATFORM BASED ON TODAY’S VIEW||ANNUAL PLATFORM FEE||RECOMMENDED FUNDS LIST AVAILABLE||COMPARE THE PLATFORM RATING|
|AJ Bell Youinvest||£35||yes|
|Charles Stanley Direct||£35||yes|
|PLATFORMS BASED ON ASSETS IN FIVE YEARS’ TIME||ANNUAL PLATFORM FEE||RECOMMENDED FUNDS LIST AVAILABLE||COMPARE THE PLATFORM RATING|
|The Share Centre||£72||yes|
|AJ Bell Youinvest||£139||yes|
Compare The Platform View:
As Ali is just starting out but plans to save a considerable chunk every year, the best platforms today are not necessarily right for her in the future. Vanguard is first today and second in 5 years’ time. Vanguard’s site is incredibly easy to navigate but investors are limited to Vanguard funds. The Share Centre and AJBell’s YouInvest have excellent resources, so either of these would be suitable for Ali.