Close Brothers
Close Brothers is well known for the wealth management services it provides to its high net-worth client base. It also has a DIY platform that is available to all.
Available products & wrappers
| General investments | ISAs | Lifetime ISAs | Junior ISAs | Pensions & SIPPs | Junior pensions & SIPPs | Other |
|---|---|---|---|---|---|---|
Available investments
| UK funds | Offshore funds | ETFs | ITs | Equities | Bonds | Other |
|---|---|---|---|---|---|---|
| UK | Fixed term deposits. |
Table of charges
| Platform charges | Product charges | Other charges | |
|---|---|---|---|
| £0 - £500,000 | 0.25% | ||
| £500,001 - £1,000,000 | 0.20% | ||
| £1,000,000 - £1,500,000 | 0.10% | ||
| Above £1,500,001 | 0.0% |
Compare+Invest review of Close Brothers
| Products & wrappers | Investments | Research & guidance | Charges | Overall rating |
|---|---|---|---|---|
Close Brothers review
Close Brothers is something of a hidden gem. Although the platform pitches itself to high-net-worth investors, it’s also a good option for smaller portfolios.
If you’re starting with £25,000 to £50,000 and intend to invest in shares, you’ll find some of the most reasonable prices around. On the other hand, if you’re investing £1 million or more, the fees are actually less competitive. It feels almost counter-intuitive. However, at this level you also get access to Close Brothers’ financial planning services – not to be underestimated.
Final note
The website itself is nothing to write home about but does the job well enough. And as for the options available, there are thousands of funds, shares, ETFs, trusts, bonds and even ready-made portfolios. Well worth a look.
