Lighthouse rolls out low-cost online advice service

Carmen Reichman
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Listed advice firm Lighthouse Group has teamed with a discretionary investment manager to create a 'cost-effective' focused investment advice service to be delivered online.

Lighthouse partnered with Money on Toast (trading name of CPN Investment Management) to offer online advice on straightforward ISA and general investment account planning. The service will be trialled on members of two of Lighthouse's affinity partners for six months before being rolled out to other affinity groups, chief executive Malcolm Streatfield (pictured) said. Lighthouse remains committed to offer face-to-face financial advice to those who require broader financial planning assistance, he added. The online advice process will identify people's investment objectives, risk at...

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