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You can do fund research online through free websites such as Trustnet.com, or the online fund platforms listed above.
Advisers and fund platforms are moving to charging fees rather than commission, forcing unit trusts to lower charges.
Stockbrokers such as Halifax and TD Direct, as well as fund platforms such as Cavendish Online, Hargreaves Lansdown and Fidelity, have low fees.
The fund platforms named above will discount most initial fees to zero and there are discount broker sites such as chelseafs.co.uk and bestinvest.co.uk that offer funds cheaply.
The big fund platforms are from Fidelity FundsNetwork and Hargreaves Lansdown, but research by National Ethical Investment Week named Axxis Financial Planning, Smile (part of Co-op Bank), Fair Investment and Interactive Investor as best.
■ Rather than buy physical gold you can get exposure to price movements by investing in a low-cost exchange traded fund (ETF), sold by most online fund platforms, independent financial advisers and stockbrokers.
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"Some strategies are very malleable or easily portable from the hedge fund platform to the mutual fund platform.
Darius McDermott, managing director of fund platform Chelsea Financial Services, says gold divides investors.
You can invest cheaply and easily through an online fund platform such as Alliance Trust, Cavendish Online, Chelsea Financial Services, Fidelity FundsNetwork, Hargreaves Lansdown and rplan.
You buy them through a stockbroker, a fund platform or directly from the trust company, paying the same dealing fees as buying any other shares.
I would suggest using a fund platform, such as Cofunds, which provides access to a wide range of funds, and recommend saving initially into diversified investment funds, such as Investec Cautious Managed, or M&G Global Basics".
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