Manx stockbroker launches low-cost platform

The platform offers access to 2,000 unit trusts, on 80% of which there is no initial charge. On the remaining 20% of the funds, JPJShare.com charges no fee itself, leaving just the fund managers' charges. JPJShare's new platform will refund trail commission of 0.25% of the value of investments, when the usual trail commissions it earns are 0.5% of the investment. The broker has also capped its share of rebates from fund managers at £500. For example, a client with £500,000 in funds would get a £2,000 annual refund, and JPJShare.com would receive £500. JPJShare.com claims it can ...