Are 7IM any good? 7IM is a highly respected investment business that provides numerous services to investors, but our analysis of their funds identifies the majority to have a history of poor performance with many
Are 7IM any good?
7IM is a highly respected investment business that provides numerous services to investors, but our analysis of their funds identifies the majority to have a history of poor performance with many of their peers providing consistently better-performing alternatives.
What is an adviser platform?
These are platforms which clients can have access to with the support of a financial adviser. The main benefit of going down this route is that you have the peace of mind of knowing that your investments are frequently monitored by a financial professional.
What is the difference between a wrap and a platform?
Wrap platforms generally support a wider range of integrated tax wrappers. Fund supermarkets: companies that do not offer whole of market investment and whose pricing models had involved retaining fund rebates. Platforms to rent: companies who provide the technology and infrastructure to support a platform.
What does a platform provider do?
Platform as a service (PaaS) is a cloud computing model where a third-party provider delivers hardware and software tools to users over the internet. Usually, these tools are needed for application development. A PaaS provider hosts the hardware and software on its own infrastructure.
What is a reasonable wrap fee?
As mentioned above, wrap accounts may charge anywhere between 1% to 3% of the total assets under management—a pretty hefty price tag, especially for investors with a small nest egg. People who can’t afford wrap fees and those who prefer a passive buy and hold strategy may be better off with individual investments.
Should I use a wrap account?
Wrap accounts, in which brokerage account costs are “wrapped” into a single or fixed fee, are great if you don’t have time to invest on your own and wish to have a money manager take care of your assets. A traditional wrap typically requires an initial investment of at least $25,000.