Citywire for Financial Professionals
Stay connected:

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.

 
Buy your favourite funds and shares on Citywire

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.

Platform charges

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

Say we write an article that mentions the Invesco Perpetual High Income fund and Lloyds Banking Group (LLOY.L). (They are the top fund and share on Watchlists at the moment.)

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.

‘Buy now’?

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.

Caution

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.

15 comments so far. Why not have your say?

philip gosling

Mar 03, 2013 at 07:18

If 'financial and information/comment' independence by Citywire are to be maintained I am not sure why the link to JP Morgan has been made now? - there are plenty of better, bigger and cheaper fund platforms available.

Why pick JP Morgan to go with (other than the fixed fee) when it is not obviously the best choice for many if any of your readers?

report this

Ian Landreth

Mar 04, 2013 at 02:38

This service seems to be available to UK resident citizens only. What about us UK expats?

report this

joe Noone via mobile

Mar 04, 2013 at 06:46

I agree poor platform provider choice for members

report this

Ranjith Withana

Mar 08, 2013 at 17:26

Obviously when Citywire so far coming as a news and analytical site on the markets starts geting into trading all readers will be sceptical about your analysis and comments about funds etc and may not treat your comments as independent or unbiased.

Suggest you re-think this activity otherwise we may not want to recive your regular reports

Ranjith

report this

RippedOff

Mar 10, 2013 at 12:30

Even with a flat fee, Citywire will now be tempted to promote JPM. Not all the platform charges are clear.

report this

Eric B

Mar 12, 2013 at 10:38

Why change the name from 'Watchlist' which describes exactly what it is, to 'Favourites' which has nothing to do with it? Often you keep track of shares you dumped just to check your decision. They're not favourites, they're dogs.

report this

Karl Carter

Mar 22, 2013 at 16:26

Citywire don't get a commission for investments coming through via their site. That would be a real conflict of interest.

Maybe they could have chosen someone else - but who is bigger, better, and cheaper? Don't hold out. Someone that is all 3 please?

HL? once clean shares classes are standard their cover is blown.

Fidelity? Expensive. No thanks.

Money on toast? Err- pass. Who is buying them this week?

Citywire aren't suicidal and they aren't idiots.

report this

Geoff Harrop

Mar 22, 2013 at 17:42

How do you change the shares on Watchlist or Favourites? I'm embarrassed by some of my past choices and also one has changed its name.

report this

cape via mobile

Mar 28, 2013 at 05:51

Secondian Landreth's question: what plans for expats? Expats in terms of numbers and spend make up a considerable part of the readership. Plus being expat and moving around would not have not trust a local broker / "advisor".

report this

philip gosling

Mar 28, 2013 at 07:49

Karl Carter

Well Alliance Trust is one large, cheap and reputable company that springs to my mind and they do not have a potential conflict of interest in discussing shares and funds and then selling them.

If there is no commission on sales through the Morgan Platform how do they make money and why do it? Also how do you know what City gets paid and how it makes its money - do you work for them?

report this

masud butt

Apr 23, 2013 at 10:18

Please CW look for platforms with No fees.

report this

Franco

May 14, 2013 at 12:51

The UTs offered on your platform are far too few, and your charges too high. Sorry, not interested.

report this

Brian Stafford Garthwaite

Aug 09, 2013 at 10:20

Citywire are relinquishing their "independence" and in future will view them with caution. If they want to do this why not Hargreaves Lansdown -not the cheapest but I have had excellent service and would not consider changing to Morgan

report this

snoekie

Sep 25, 2013 at 16:17

No account charges but "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.".

Err, mmmm, how often is this charged? on say £250k account holding say 10 shares, that is £625.

report this

snoekie

Nov 19, 2013 at 06:44

On what basis? Some of the prices they are listing are way out of kilter. Last night they had prices I would be happy to sell at and immediately buy again (with a few more shares than I had before, even with brokers charges for paper certificates). I have asked the question before as to whether Citywire will sell at the price they list. Suffice it to say I got no answer.

I begin to question the accuracy of the "news" they 'give' us. If they are accurate as the prices they give, the site is a waste of time, and I had been interested in a number of the articles. There were more than the usual number of errors last night, 4+, quite apart from the blanks.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

The Citywire guide to investment trusts

In association with Aberdeen Asset Management

Fund managers from Standard Life Investments quizzed on investment trusts


What can SLI bring to the table for those who want to put their money into investment trusts?

More about this:

Look up the funds

  • Invesco Perpetual High Income Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the shares

  • Lloyds Banking Group PLC (LLOY.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

What others are saying

Archive

Today's articles

Tools from Citywire Money

From the Forums

+ Start a new discussion

Weekly email from The Lolly

Get simple, easy ways to make more from your money. Just enter your email address below

An error occured while subscribing your email. Please try again later.

Thank you for registering for your weekly newsletter from The Lolly.

Keep an eye out for us in your inbox, and please add noreply@emails.citywire.co.uk to your safe senders list so we don't get junked.

Read more...

What Woodford and other managers think of the crash

by Gavin Lumsden on Oct 17, 2014 at 15:50

Sorry, this link is not
quite ready yet