Investment platform
But what exactly is an investment platform?
It’s an administrative service that provides a solution to the ordeal of a long and complicated financial procedure. Investors often tend to buy stocks or shares from a wide range, in order to achieve adequate diversification, which means to spread and mitigate the risk of losses. But this results in piles of documentation. And that is why an investment platform is a solution to the aforementioned problem, as not only does it offer a simplification of the investment process, but often involves discounts for participants. These fund platforms are places online where stocks and shares of companies, ideas, etc. can be bought as well as managed. So to put it shortly, investment platforms are the place where you can manage all of your different investments, without compromising on diversity.
Fund platforms’ vocabulary can be puzzling to amateurs, so let’s tackle down the basics: fund supermarkets and wrap accounts. The fund supermarket name derives from the similarity to malls, as it is a place where everything is stored and stocks can be bought cheaply — all online. Apart from existing on a website, some of them are also available as mobile applications for the customer’s convenience. But there is a growing number of options to fit different needs and aims and we advise our readers to look around before deciding to stick with one or the other platform. Wrap accounts on the other hand also referred to as tax wrappers, are the means to manage one’s financial plans, operations, and investments portfolio. Many financial institutions provide such services for a small charge. They ameliorate the process of investments, as the clients are provided with all of the consolidated documentation (tax statements etc), and also because the clients have only one counterpart to interact with while still diversifying the risk, which enhances both the safety and accessibility of the investments. Examples are stocks and shares: ISAs, Lifetime ISAs, SIPPs, that is, self-invested personal pensions.
You can read the whole article on our website https://tecra.space/news/investment-platform
You can find the article in other languages as well:
Russian language https://tecra.space/ru/novosti/investitsionnaia-platforma
Korean language https://tecra.space/kr/news-kr/tuja-platform-kr
