View more on these topics

Trustnet rivals AJ Bell with launch of D2C platform

Trustnet has launched a direct-to-consumer platform, Trustnet Direct and capped charges at £200.

Trustnet Direct charges 25 basis points, capped at an ann-ual £200, with a minimum of £20. The dealing charge for funds and shares is £10, which falls to £6 for customers who carry out more than 10 transactions on Trustnet Direct in a month.

The wrap is powered by direct platform Interactive Investor, which has launched a white-label service this month.

D2C rival AJ Bell Youinvest launched a similar charging structure in January with investments charged at 20bps and a £50 quarterly cap.

Trustnet Direct charges exit fees of £15 per line of stock while holding a Sipp wrapper incurs an additional £120 charge plus VAT per year.

Reinvesting dividends costs 1 per cent with a £10 cap. Other event-driven charges also apply.

The data provider announced in December that it was planning to offer a D2C platform.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com