Platform One's services seem to be broadly classified under two categories:
Under their UK offerings, they provide:
Their International offerings include:
The UK service is available to authorised UK and offshore advisers requiring a platform for client assets held in the UK. This means transparent fee-based Retail Distribution Review (RDR) compliant solutions.
The international service is offshore to the UK, and provides a multi-currency, client agreed fee-charging service. There is no initial fund fee, and 100% of any fund annual management charge rebates made by the fund manager are credited to the underlying client’s cash account.
The global service is also offshore to the UK, and offers a “traditional” commission service, with no explicit adviser charges.
Features of the Platform One Hallmark savings plan:
For overseas advisers where RDR does not apply, Platform One provides a “traditional” commission-based alternative, and we do not recommend that.
Please read the 'expert verdict' section of this review for more details.
Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:
The Platform One Hallmark Savings plan looks to be a good offering (and the UK RDR compliant version also looks good), but international professionals are likely to get a less competitive and less transparent version.
We believe that there are more cost effective and better performing investment options available.
If you’re looking for the strongest possible growth on your investments, and you don’t want that to be undermined by high costs, or you are uncomfortable with your adviser accessing investments through an insurance wrapper and/or receiving kickback commission payments, then you may wish to consider alternative options.
If you already have a Platform One Hallmark Savings Plan and it is worth £500,000 or more, we strongly recommend you seek a Second Opinion to ensure you are on track to get and keep the life you want.
