Vanguard to launch UK D2C platform

JasonPr

Snowman posted the following link to Monevator about a possible plan by Vanguard to launch a D2C platform in the UK (with FNZ):

http://www.fundweb.co.uk/news-and-analysis/vanguard-to-launch-uk-d2c-platform/2023823.article

xylophone

(with FNZ):

:eek:

For those of us labouring under the administrative processes of II, this might be no recommendation?:)

https://forums.moneysavingexpert.com/discussion/4904374

Although it has never been quite clear where the responsibility for late payment lies......?

mgarl10024

So does this mean that you could skip the broker and invest with Vanguard directly? Or that FNZ is the broker?

Also, could this be done within an ISA, or would all direct investments have to be unwrapped?

dunstonh

FNZ is the platform software provider. They are the backbone used by many platforms. They are not a broker.

Also, could this be done within an ISA, or would all direct investments have to be unwrapped?

Early days. It could be a in-house mini platform with a couple of wrappers to allow robo-advice or it could be a full featured wrap offering whole of market access or any number of things.

You will still have the platform charge and the fund charge. Except Vanguard would own the platform allowing to make money there too.

Al.

It'll be interesting to see the cost per acquisition (if we assume Bogleheads see no merit in changing their DIY philosophy) and how long the clients are retained.