Do I need an Investment Platform?

[telford_mike]

Getting to that time of life when I'm beginning to accumulate rather than borrow and spend.... I'm looking for the easiest way to manage all this stuff.

At the moment I have a few years worth of cash ISAs - need to transfer these to Stocks & Shares - probably passive funds. Will also have funds in excess of the ISA limit which I'll invest in something similar, as well as bonds for short-term stuff.

I can scatter this around various banks etc, but it sounds like a pain to keep on top of it all. Is it worth subscribing to an investment platform e.g. HL or Fidelity. An experiences?

[telford_mike]

Cheers Ginge.

So platforms add cost. At least one that I've seen (Fidelity) claims that this will be offset by discounts that they obtain on Fund Management fees. Is this likely to be true for a passively managed portfolio of (say) £250k?

[telford_mike]

Thanks for the advice chaps. I think I'll find one useful, but I'll choose carefully.