Trustnet Magazine 55 October 2019 | Seite 2

Editor’s letter Issue 55 / October 2019 W Technology to take control of your finances OUTCASTS The top-performing sector on a 20% discount THERE’S AN APP FOR THAT The best fintech apps for investors SET & MATCH How set fees can slash the cost of advice Fund, Pension, Trust / Sector Profile / Stockpicker / What I Bought Last ISSUE 55 CREDITS FE TRUSTNET MAGAZINE IS PUBLISHED BY THE TEAM BEHIND FE TRUSTNET IN SOHO, LONDON inston Churchill once said, “give us the tools and we will finish the job”, but such is the array of technology now available to investors, many won’t know where to start. As a result, this month’s cover story sees Pádraig Floyd look at the tools you can use to take control of every area of your finances. Staying on this theme, Daniel Lanyon examines three of the best fintech apps for investors, while I weigh up the advantages of paying for financial advice with a one-off flat fee. This month’s sector focus falls on IT Private Equity as Adam Lewis attempts to find out why this top- performing sector is trading at a discount of more than 20 per cent. In our regular columns, 7IM’s Tony Lawrence reveals which fund he is using to access emerging market debt and Polar Capital UK Value Opportunities’ George Godber and Georgina Hamilton name three companies using technological innovation to gain a competitive edge in unexpected areas of the small-cap market. Finally, John Blowers returns to one of the Fund, pension, trust The silent revolution earliest examples of UK fintech, as he asks if investors should switch out of Hargreaves Lansdown now the platform has cut exit charges. Enjoy reading, Anthony Luzio Editor WEBSITE: www.trustnet.com EMAIL: editorial@financialex- press.net CONTACTS: Anthony Luzio Editor T: 0207 534 7652 Contents Royal London Global Equity Diversified, First State Greater China Growth and Fidelity Japan find themselves under the spotlight this month Javier Otero Art direction & design W: www.feedingcrows.co.uk Editorial Gary Jackson Editor (FE Trustnet) T: 0207 534 7680 Rob Langston News editor T: 0207 534 7696 Eve Maddock-Jones Reporter T: 0207 534 7676 Sales Richard Fletcher Head of publishing sales T: 0207 534 7662 Richard Casemore Account manager T: 0207 534 7669 Constance Candler Account manager T: 0207 534 7668 Photos supplied by iStock Cover illustration: Javier Otero P. 30-35 54 Tools of the trade Pádraig Floyd looks at the technology available to help savers take control of their finances P. 4-11 Insuring Asia Charles Plowden, manager of Monks Investment Trust, explains why Asia’s life insurance giants are well-placed to reap the rewards of an expanding middle class P. 12-17 There’s an app for that Daniel Lanyon takes a closer 18 look at three of the best fintech apps for investors P. 18-21 Set & match A set rate seems to offer the best value when paying for financial advice, so why do so many investors persist with ongoing charges? Anthony Luzio finds out P. 22-29 Outcasts Despite powerful performance over the past decade, the IT Private Equity sector is on a discount of more than 20 per cent. Adam Lewis finds out why P. 36-43 Data hub In numbers: The unstoppable rise of fintech Polar Capital UK Value Opportunities’ George Godber and Georgina Hamilton name three small-cap stocks using technological innovation to gain a competitive edge P. 54-55 What I bought last 7IM’s Tony Lawrence names the fund he is using to gain exposure to emerging market debt P. 56-57 18 P. 44-45 Should I stay or should I go? John Blowers asks if Hargreaves Lansdown clients should switch platforms after it cut exit fees P. 46-53 22