Advanced features of NextGen Platforms

Products, platforms, and funds are continually being developed and improved upon, some of the features we look for in a good advanced platform are as follows.

  • Investment Choice
  • There has to a wide investment choice not only across asset types but also across investment styles and investment managers. The platform is not good if it has a 100 investment chocies but they are all done by the same manager, this forms part of our Diversity by Design concept.

  • Insurance Providers
  • A platform having more than one is always a good thing we look for, not every one is a round peg trying to fit into a square hole.

  • Direct Local Shares
  • This feature adds a whole new level to a platform being able to buy direct shares in your favourite companies, however to what extent can you buy ASX 100, 200, 300, or unlimited?

  • Communication
  • Without good effective communication the platform is usless, this covers the design and access to statements, website, and call centre.

  • Cost
  • Cost is important but not the answer, value for the money you pay is the primary focus.

  • Stuck in the mud
  • Having a platform that is willing to develop its product is also a key factor, as new features come on board, new technologies, will they be added to the platform. Access to Direct International Shares is the next big thing for platforms.