Finance With Eamonn Dorling

Advantages Of An Investment Platform by Eamonn Dorling

Having several plans can be confusing if the associated annual reports from pensions, bonds, unit trusts, and ISAs come from a variety of providers at various times. One answer is to develop a super spreadsheet and keep it up-to-date with colourful graphs and predictions.

Many of my clients have neither the time nor inclination to do this but rely on a modern platform that will do all the work for them. They can log on when they want or even access it on a smart phone or other device from any location at any time. Some provide access to top up investments when the markets are weak or to mop up an unexpected bonus tax efficiently without needing a structured meeting for advice. Customers can even add other assets such as property and bank accounts so that at any time they can see a snapshot of their estate valuation. Having all your tax-efficient wrappers, for example ISAs, pensions, offshore investments, business property relievable assets can be contrasted with general investment accounts, investment bonds and other assets that are no longer tax privileged in one place can help planning and management. If arrangements need attending to, the platform will handle fund switches, prepare tax statements, deliver income, or lump sums to authorised accounts and link with a wide range of similar providers if required. Reports can be generated by any party; online virtual meetings are a cinch and face-to-face meetings or virtual ones can be arranged on short notice through the platform. If your financial planning is potentially complex, speak to an independent financial adviser to help simplify matters.

Issued by Wealthline Limited, which is authorised and regulated by the Financial Conduct Authority. Past performance is not a reliable indicator of future results and any forecast is not a reliable indicator of future performance. The information contained in this editorial should not be construed as offering investment or tax advice.

Eamonn Dorling Dip PFS Senior Independent Financial Adviser, Brooks Wealth

Tel: 01733 314553 | Mob: 07767 795816 Email: eamonn@brookswealth.co.uk

Delivering Simple Financial Advice - that really works

Brooks Wealth is a trading style of Ampris Limited who are an appointed representative of Wealthline Limited, Registered in England 08761632 (Registered office: 8a Cowgate, Peterborough). Wealthline Limited are authorised and regulated by the Financial Conduct Authority, FCA number 684319.