Alistair is a 50-year-old barrister, divorced, with three children aged between 14 and 18. He’s in the company pension scheme, which is generous, and also has £200,000 in ISAs and general investments. He wants to ensure he can put his kids through university and maybe help them get on the property ladder.
Alistair plans to invest his annual ISA allowance (currently £20,000), plus an additional £10,000 each year into general investments. We’ve counted this annual investment as two trades per year. He doesn’t plan to invest in exchange-traded instruments.
Looking at his results based on investments today:
|PLATFORM BASED ON TODAY’S VIEW||ANNUAL PLATFORM FEE||RECOMMENDED FUNDS LIST AVAILABLE||COMPARE THE PLATFORM RATING|
|The Share Centre||£140||yes|
|PLATFORMS BASED ON ASSETS IN FIVE YEARS’ TIME||ANNUAL PLATFORM FEE||RECOMMENDED FUNDS LIST AVAILABLE||COMPARE THE PLATFORM RATING|
|The Share Centre||£696||yes|
Compare The Platform View:
In five years’ time, his considerable annual investments mean that he might want to consider a different platform.
So what's best for Alistair?
If you compare iWeb to Share Centre, there are significant savings to be had by going with IWeb. Alistair is comfortable with investments, so he should find the IWeb platform fairly easy to use. Most of the platforms shown here do not have a significant number of tools and guidance to help investors, but Alistair should have no problems using them, if cost is the overriding issue for him.