How to cut down on broker fees

If you invest in ‘open-end’ funds (such as unit trusts), we have good news – your costs are likely to drop over the next few years. That’s because the ‘trail commission’ payments made by fund managers to brokers (which ultimately come out of the money you’ve invested) are being banned.

Instead, brokers will charge you directly for looking after your money, and this will be both more transparent and less expensive than paying the broker indirectly via commission. It’s about time – as we’ve often noted here at MoneyWeek, unit trusts have rarely represented the best-value way to invest.

But [...]

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Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.