Compare The Platform: Sunita

/Sunita
Sunita2019-04-15T12:57:11+01:00

Example Investors

  • Example Investor Sunita

Sunita

Sunita is 28 and doing well in her job as a management consultant. She earns a decent salary, which she spends on interesting holidays, clothes and lots of socialising. She is in the company pension scheme and is happy to keep things there – pensions are just not something she really wants to think about right now. She’s not been focused on saving so far but knows she could invest her annual bonus and is open to a reasonable level of risk. She’d also like to take her first tentative steps into stocks and shares.

Sunita currently has £10,000 in a cash ISA that she would like to invest, and plans to add £15,000 a year.  As she’s a novice investor, let’s assume that she’ll put all her investments into investment funds for now.

Here are the results:

PLATFORM BASED ON TODAY’S VIEWANNUAL PLATFORM FEERECOMMENDED FUNDS LIST AVAILABLECOMPARE THE PLATFORM RATING
Halifax Share Dealing£13no
3.0
Vanguard£15yes
4.0
AJ Bell Youinvest£25yes
4.0
Charles Stanley Direct£25yes
4.0
PLATFORMS BASED ON ASSETS IN FIVE YEARS’ TIMEANNUAL PLATFORM FEERECOMMENDED FUNDS LIST AVAILABLECOMPARE THE PLATFORM RATING
Halifax Share Dealing£13no
3.0
The Share Centre£58yes
3.0
Shareview£90no
2.0

Compare The Platform View:

The annual costs are low since Sunita is only investing in ISAs, and there is no stocks and shares trading. As she plans to invest at least £15,000 a year, we should look ahead to see if the same platforms would still be appropriate. In five years’ time, Halifax is still in first place, but the other top players have changed.  Sunita would be best to keep an eye on some of the other players in the long term.

She may find the Halifax platform fiddly to use and might prefer the more intuitive Vanguard. It’s easy to navigate and easy to set up. However, Vanguard only offers its own funds, so Sunita should try AJBell Youinvest if she’d like access to more fund managers and funds.