In the earlier days it was a usual practice to make investment in the funds like
unit trusts by first completing an application and then sending the same to the manager responsible for investment along with the usual check by post. You simply had no idea as to when your application would reach its venue and when your money would be invested. Only confirmation you got was when you received the contract notes in the post few months later!
The standard practice then was (and still is) for a manager responsible for the investment to charge around 5 % as upfront commission. If you made investment through the broker or an advisor, you will have to shell out 3 % to them for the money invested.
These days though the story can be somewhat different. Though the traditional method discussed above is still followed yet these days we have the discount brokers like an Investor profile which would provide you with the fully automated procedure to make investment online with safety. You may have to slog less to make the initial application.
In this way you literally get a fund supermarket on platter for shopping in. Thus here you can not only choose funds from one particular investment manager but also from funds presented by different fund managers! A fund supermarket can present you with 1500 or more funds.
You may be thinking that for this new facility offering you flexibility and ease, the financial advisor/ broker would be making money, but in reality this new breed of investment providers available online provide you with liberal discounts on the commission you will pay to them.
So when you are deciding on where, when or with whom to make investment, the immense benefits from making an investment online would appear really compelling and is really changing the way industry works.
All these years these investment managers have been busy creaming off your hard earned money whenever you went ahead with investment in the markets. Now you can relax as these good guys are reaching out to you by coming to your town and helping you with the right things do that you can enjoy the benefits for years to come.