A J Bell will launch a new investment Isa and dealing account on the firm’s Sippcentre platform next Monday.
Investors will be able to access the firm’s Sippcentre Advisory option through the firm’s Sipp, investment Isa and dealing account, allowing clients to invest in 1,900 “core” funds, similar to a funds platform.
People can also choose to invest in 4,000 “additional” funds, plus UK and overseas shares, gilts, ETFs and ETCs, in a similar way to a wrap platform.
The 4,000 additional funds incur a share dealing or transfer charge of £9.95 if carried out online. Telephone dealing or transfers will cost £29.95.
The core funds incur no initial, dealing or switch charges.
A J Bell marketing director Bill Mackay (pictured) says: “If people just want to invest in retail funds, you have got the 1,900 core funds with no dealing charges.
“But if you want to go beyond that there are 4,000 additional funds plus ETFs and shares, so it becomes more like a wrap platform than a funds platform.”
The provider has also overhauled its online Sipp proposition with the addition of a low-cost Isa and dealing account powered by the firm’s in-house fund and share dealing platforms.