A typical fund has an initial charge of 5% and an annual charge of 1.5%, of which 3% and 0.5% respectively are earmarked to pay for financial advice.
3% up-front (initial commission) and 0.5% each year (renewal commission) might not sound much, but for every £10,000 you invest, it amounts to £800 over 10 years – a substantial portion of your money.
If you want financial advice you might be happy with this arrangement. But what if you choose and manage your own funds? Don’t you pay lower charges? You might think so, but in most cases you don’t.
This is because the fund companies keep the money they would otherwise pay to financial advisers.
Do you think that’s unfair? We do. If you choose and manage your own investments we think you should pay much lower charges.
In fact, we can save you as much as £750 on that same £10,000 investment over 10 years.
That’s the idea behind CommShare.
You choose your investments and we arrange them. The companies pay us commission – then we share it with you.
Your share results in discounted charges when you invest, or cashback, or both. We arrange:
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Unit Trusts/OEICs
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With-Profits Bonds
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Distribution Bonds
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VCTs
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Stakeholder Pensions
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And many more…
You can check the discounts we offer by clicking here.
We mainly arrange Unit Trusts and OEICs. If you want to invest, or already invest in these, ƒUNDSFOLIO could be very much to your advantage.