* Please send us an e-mail if you wish to open this account.
Your my Wealth Direct account automatically comes with a client cash account to provide you with investment flexibility.
This pays 0.5% above the Bank of England base rate.
You can select from over 1,500 funds covering:
We appreciate that choosing from a wide range of funds can be confusing. Whilst we cannot pick your investment funds, we will provide you with information to help you make an informed choice, including:
If you have more complex needs and require bespoke financial planning advice around your investment and tax or estate planning strategy, our advisory service may be right for you.
Contact our personal financial planning team to find out more.
You may already have assets on an existing platform or with a fund manager and would like to take advantage of our service. If so, there are two potential options available to you:
RE-REGISTERING YOUR INVESTMENTS
Re-registration means that you can transfer your existing holdings onto the platform without selling your units. There are three key benefits of re-registration:
* Ineligible funds are those not available on the platform. These would need to be transferred, requiring the sale of units and a cash transfer to your client account.
ASSET TRANSFER FOR ISAs
In line with other investment platforms, Cofunds cannot at present re-register existing ISAs. However, you can still transfer your ISA. This means you will be selling the underlying funds and transferring the proceeds into a new ISA.
Please note this procedure means that you will not be invested until the transfer is completed, which might take several working days.
In all transfer or re-registration cases, we would first need to assess the eligibility of your funds. This is an assessment as to whether the funds can be transferred from an administration capacity; it is not a financial review of your funds.
You can gain access to your funds at any time as there are no penalties for encashment. If you wish to withdraw your funds please email us and we will send you the appropriate form.