View the article online at http://citywire.co.uk/money/article/a659816
Buy your favourite funds and shares on Citywire
Citywire Money is offering a funds and shares trading facility in association with JP Morgan Asset Management.
For the first time ever Citywire Money is giving our readers the ability to buy and sell UK shares and hundreds of investment funds.
This is an exciting development. We’ve been writing about investment funds and shares for 14 years but until today investors have been unable to transact after reading one of our articles.
This has changed as a result of a collaboration with JP Morgan Asset Management which sees us provide links to its WealthManager+ investment platform.
From today whenever you see this symbol on the Citywire Money website against the name of a fund or share this will indicate you can make a transaction in that investment.
All transactions will be conducted through JPM and WealthManager+ and are independent of Citywire Money and Citywire Financial Publishers.
JPM pays Citywire a flat fee to advertise its WealthManager+ service on Citywire Money.
However, Citywire will not receive any payments from JPM for accounts opened with JPM or transactions conducted through JPM.
We believe this preserves our editorial independence while making available a potentially useful service to Citywire Money readers.
More about JPM’s WealthManager+
Investors can buy all shares listed on the FTSE All Share index using WealthManager+, but not on the Alternative Investment Market (AIM). This includes all investment trusts and investment companies, whether managed by JPM or other investment groups.
In total WealthManager+ offers around 850 investment funds. This includes over 90 of JPM’s funds and investment trusts as well as over 750 funds from 30 other investment groups.
JPM expects to add more funds soon, including 90 exchange traded funds (ETFs) from groups such as iShares and Lyxor.
The WealthManager+ platform offers four accounts in which shares and funds can be held. These are the stocks and shares ISA, junior ISA, Sipp (self-invested personal pension) and a standard investment account.
There are no separate account charges on any of these accounts.
There is, however, a platform fee of 0.25% of the value of shares, investment trusts, gilts and ETFs held in all of the accounts apart from the junior ISA.
The platform fee on the stocks and shares ISA, Sipp and investment account is paid monthly and is capped at a minimum of £2 per month or a maximum of £10 per month.
The platform fee is not levied on the junior ISA.
Neither is it charged on investments in unit trusts and open-ended investment companies (Oeics). This is because JPM receives some of the ongoing charge levied by the underlying fund managers.
There is also a £10 broking fee to buy or sell a share, gilt, investment trust or exchange traded fund. This falls to £1 per transaction if the purchases are part of a regular savings plan. There is no broking charge on JPM investment trusts bought within a regular savings scheme. UK stamp duty of 0.5% also applies to purchases of these investments.
There is no initial charge to pay on most unit trusts or open-ended investment companies .
For more details see the JPM WealthManager+ website.
If you’re unfamiliar with any of the terms see 'The Lolly guide to investment funds'.
‘Watchlist’ becomes ‘Favourites’
Citywire Money is also relaunching its funds and shares ‘Watchlist’ service.
‘Watchlist’ – which helps registered Citywire Money readers keep track of the funds and shares they’re most interested in – has been renamed ‘Favourites’.
Every time you see this symbol alongside a fund, investment trust or share name you can click on it to add it to your list of ‘Favourites’.
Any visitor to Citywire Money can do this and the website will remember your ‘Favourites’ and display the list the next time you visit.
That’s pretty useful, however, even better, if you register with us you will receive an email alert each time your ‘Favourites’ are mentioned in an article on Citywire Money. This is an excellent way of keeping up with the news on how your favourite investments are performing.
Registration is totally free. All you have to do is provide a few personal details and you’re on board, part of the Citywire Money community of DIY investors.
How it works
Alongside this article, at the top of the middle column on this page, under ‘more about this’ are two headings: ‘Look up the funds’ and ‘Look up the shares’ which highlight the Invesco Perpetual fund and the Lloyds share. Click on the star symbol next to either of them and you can add them to your ‘Favourites’.
If you click on the fund or stock name you will go to its fact sheet which also has a big ‘Add to Favourites’ button you can use.
The star symbol will appear every time we write about a fund, investment trust or share.
Adding a fund, investment trust or share to your ‘Favourites’ is a great way to follow an investment before you decide whether to buy it or sell it.
However, as we explained earlier, for the first time ever on Citywire Money you can go a stage further and transact in an investment where you see the symbol next to the symbol.
You are under no obligation to transact on WealthManager+. The choice of investment and whether to buy or sell is yours and yours alone. You are responsible for ensuring the investment is suitable for you. If you are unsure of the suitability of any investment we would recommend you seek independent financial advice.
Remember, the price of shares and investments and the income associated with them can go down as well as up, and investors may not get back the amount they invested.
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In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.
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