Last week we talked about asset allocation and choosing the right kinds of assets and funds to invest for your future. These days, most people invest via something called a platform. This week I’ll be looking at why that is the case, whether or not that approach is right for you, and what criteria you should look at when choosing a platform.
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Choosing a platform
Now I have looked at platforms before in Season One of this show. Listen back to Sessions 11 and 75. These will give you some more depth if you want to add to today’s session. But by the end of today’s episode, you should be have everything you need to know and everything you need to do to when choosing a platform.
In this session, you'll discover:
- What a platform really is
- How to choose one over the other (hint: it's pretty subjective)
- The key differences between adviser platforms and direct to consumer (D2C) platforms
- Why you should do your homework before choosing your platform
- The charges you need to look out for
- Why it's OK to dip your toes in and try a platform out…
Resources mentioned in this week's show
Podcast: Season 1, Session 11 – Platforms, Wrappers and Funds
Podcast: Season 1, Session 75 – Direct Investment Platforms with Mark Polson
Podcast: Season 1, Session 125 – The Rise of the Robo-Adviser, with Al Rush
Download: Pricing guide to direct platforms, from The Lang Cat
Video: Pete in small shorts, the Moneyvision Song Contest
Previous episodes in this season
Podcast: Season 2, Episode 1 – Why Invest?
Podcast: Season 2 Episode 2 – Risk, Volatility & Timescale
Podcast: Season 2 Episode 3 – Know Yourself: Risk Tolerance & Risk Capacity
Podcast: Season 2 Episode 4 – Practical Asset Allocation
Free email course – Learn How To Invest
And of course, there is a full transcript available by clicking the big blue button below:
Join the conversation
I love to read and respond to your comments, so please do join in and share.
Question: Have you chosen a platform? What made up your mind which to use?
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