The Great Platform Rip Off - EXPOSED!
I reveal the unbelievable HIDDEN COSTS that your direct platform will not tell you about! This is important information to know before trying to choose the cheapest investing platform in the UK.
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DISCLAIMER:
This video is for education purposes only and does not represent financial advice. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results. If you are unsure of what to do, always seek advice from a qualified financial adviser.
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🎬 ABOUT THIS VIDEO 🎬
Major direct to consumer investing platforms, including the likes of Vanguard, Freetrade, Interactive Investor, Hargreaves Lansdown and AJ Bell can COST you more than you think 🤔🤔🤔
There are features on many adviser led investment platforms, which often carry the same or even lower platform charges, that can lead to better returns long term. The true cost of investing takes account of more than just charges.
A number of these cost saving features (such as investment prefunding) are described in this video, which proves that choosing the cheapest investing platform is about more than just looking at headline investment platform charges.
⏰ TIMESTAMPS ⏰
0:00 Start
1:10 The Problem With Cutting Costs
1:30 Investment Pre-funding
4:46 Targeted Charging
5:54 Pension Plan Splitting (Using Small Lump Sum Rules)
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