Platform One
Hallmark Savings Plan

Platform One's services seem to be broadly classified under two categories:

1. UK specific
2. International

Under their UK offerings, they provide:

• UK platform services
• Cash management services
• Commercial partners and
• Bespoke facilities.

Their International offerings include:

• Overseas services
• International plus services
• Global services and
• Commercial partners

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:

• Platform One state that their Hallmark Savings Plan is a secure, innovative regular savings scheme for individuals working internationally, who want to make regular savings personally or through a company group pension scheme.
• The savings plan may be denominated in US dollar, GB pound, Hong Kong dollar, Japanese yen, Swedish krona (SEK) or Euro, which is an attractive feature.
• In the UK, the Platform One Hallmark Savings Plan provides access to transparent fee-based solutions and investments that are RDR compliant.

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.

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