Applications for investment trusts will be done entirely online in the future, according to Bedlam Asset Management.
The firm says rather than manually filling in forms and posting them off with cheques to registrars, the entire process will be done electronically. Bedlam claims it is starting the revolution with the launch of its Cherry Picker investment trust. Investors can not only download application forms for the trust from its website but will also be able to buy shares in it via internet banking. Although the application form still has to be printed off and posted, Bedlam plans to make this part of the procedure electronic too and predicts it will be the future of applying for investment trusts...
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