Invest using fund supermarkets
Fund supermarkets let you invest and manage funds from dozens of different fund companies in one place.
They offer low charges, more choice and flexibility, less paperwork - and all this at no extra cost to you.
Over half of new Unit Trust/OEIC ISA investments are now arranged this way. They offer an easy and convenient way to invest in funds.
Elson Associates includes Cofunds and Fidelity FundsNetwork fund supermarkets. You get the same benefits as investing with the fund companies, plus:
- You can manage your funds online, and switch between funds for a 0.25% fee (an annual fee of £45 may apply with Fidelity FundsNetwork).
- Far less paperwork – one consolidated statement covers all your fund supermarket investments.
You can consolidate your existing funds into a fund supermarket account using a free process called re-registration.
There are several fund supermarkets to choose from, but we recommend Cofunds and Fidelity.
Cofunds launched in 2001 and over the years have grown and evolved to become the UK’s leading platform, looking after over £50 billion of investments on behalf of 800,000 people (as at July 2013). Now the largest independent platform, Cofunds is wholly owned by Legal and General.
Choose from over 2500 funds from over 100 fund companies all in one place with the ability to invest and switch quickly and easily online.
For more information about Cofunds, or to invest online now click here.
Fidelity is the UK's largest Unit Trust/OEIC fund manager. It launched FundsNetwork platform in 2000 and is now one of the UK's largest fund supermarkets. You can mix and match over 2,000 funds from 85 of the UK's leading fund companies. Again, Fidelity offer online facilities for investing and switching with ease and simplicity.
For more information about Fidelity Fundsnetwork, or to invest online now click here.