29th Nov 2021 09:15
(Alliance News) - AJ Bell PLC on Monday announced the launch of its low-cost investment app Dodl for the first half of 2022.
The Manchester-based provider of investment services and platforms said its new, app-only investment platform will be aimed towards people new to investing.
Dodl will charge an annual portfolio value charge of 0.15% for each account and a minimum of GBP1.0 monthly per account. The app however will not charge commissions for buying and selling investments.
"The intuitive investment journey and streamlined investment range will appeal particularly to those that are new to investing and want a simple way to manage their investments," Chief Executive Andy Bell said.
He added: "With a low annual charge of 0.15%, no trading commissions and all the main tax-efficient products, Dodl will be amongst the cheapest and best value investment platforms in the market. "
Shares were up 1.8% at 404.20 pence each on Monday morning in London.
By Abby Amoakuh; [email protected]
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