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Fund rebates - Interactive Investor as good as HL?
Comments
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Cofunds on their website claim to handle 800,000 investors via 10,500 IFAs. If II give them 100,000 accounts compared with 80 for the average IFA you would expect II to be able to negotiate very significant discounts.0
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Any platform charging on a percentage basis is going to make huge profits on big portfolios.This RDR result gets more confusing. If II are using the CoFunds platform (which charges 0.29% or 0.25% etc - extras like switches included) but II only charge £80 a year fixed with extras like switches on top, does this mean Cofunds have a LOT more profit on big portfolios?koru0
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