Ever since day one of MeaningfulMoney, people have been asking me about the next steps they need to take. Once armed with what they need to KNOW, they want to know what they need to DO.
It is important to start saving and investing for your future, but it can be tricky to know where to start. And that’s why I have worked with my friends at Seven Investment Management (7IM) to launch an easy-to-use Self Invest online service to enable you to take the next step of investing your hard-earned money for the future. You should be aware that the value of investments may go down as well as up and you may get back less than you originally invested.
Here’s a short video where I explain what you can expect from the service:
Get Started with the 7IM Self-Invest Service:
Frequently Asked Questions
The 7IM Self Invest service allows you to invest into 7IM funds. 7IM does not provide any advice or personal recommendation to you. It is important that you understand the risks of investing and the costs associated to it.
For any questions relating to the self-invest service, you can contact 7IM on 0203 823 8550.
If you would like to enquire about receiving full financial planning advice, please contact Jacksons Wealth Management on 01736 36071
The service offers a Stocks & Shares Individual Savings Account (ISA) and an Investment Account (IA).
The minimum lump sum investment is £5,000 or a minimum monthly investment is £200 per month. The maximum you can contribute to an ISA in any one tax year is currently £20,000. There is no limit to the amount you can invest into the Investment Account.
The investments are held in 7IM’s AAP range of passive multi-asset funds. There is a range of risk allocations, and you can choose how much of your total investment is allocated to each risk level.
You can view your investments online at any time. And there is a dedicated service team which you can contact on 0203 823 8550.
The service itself costs 0.30% per year on the first £150,000 of the amount held on the Platform and 0% on the value over £150,000. This is calculated and charged monthly.
The underlying funds also have costs, of course, and the amount you pay depends on the split of your investments across the risk allocations. The service will show you exactly what costs you will pay on your chosen investments before you commit to making the investment.
This communication is issued by Meaningful Money as an Introducer Appointed Representative of Seven Investment Management LLP who takes full responsibility for the content. Seven Investment Management LLP is authorised and regulated by the Financial Conduct Authority and the Jersey Financial Services Commission.