Choosing a DIY investment platform and getting started
Every report and survey I read suggests that DIY investing is set to become significantly more widespread. The statistics and a few of the quotes contained below are sourced from the 2013 Direct Platform Guide, reproduced with the kind permission of investment platform research organisation Platforum.
- The DIY investment platform market was £94.3bn as at September 2012, up nearly 30 per cent from the previous year.
- Revenue models are changing and DIY platform bosses believe they will need to charge explicit fees by 2014.
- There are up to 10m customers whose products are generating a commission payable to a financial adviser. Only 2m are looking for an ongoing advised relationship. ...