as of 10/08/2018 at 1:53 pm
Charles Stanley Direct is a relatively cheap way to invest for those with less than £50,000 to invest, at 0.35% per year, plus any fund management costs. There are no fund dealing charges, so for investors putting small amounts into a few different funds on a monthly basis it is low cost. You can also buy company shares. There is also an annual £120 fee for a pension for investors holding less than £30,000 on the platform.
It will be a bit overwhelming for less confident investors who have a huge range of investments to navigate and not that much help with any filters. There is lots of choice and research available. The so-called Foundation Fund list shows their favourite funds which is useful. There is also a range of all-in-one funds – the Charles Stanley Multi Asset Funds – for those that want all the investment done for them.
Expect to pay about 1% all-in for an ‘active’ portfolio – this is good value. It’s worth considering for Junior ISAs too.
Mid-sized investment platform administering around £2bn
|Minimum amounts:||£50 minimum monthly payment (£100 for pensions)
£500 minimum initial investment into a fund
|12 month indicative performance:||
Charles Stanley Direct's fund range has less than one year track record.