Do it yourself
You can get help deciding the right investment strategy and implementing it.
Costs and service-levels can vary quite widely so it is a good idea to think hard about how much you want to do yourself, and what sort of help would be most useful to you. In essence there are two ways to go, either do it yourself or get some help.
You can decide for yourself what sort of portfolio you want, then choose and buy funds using a platform. There may be both platform fees and fund fees to pay, and there may be transaction costs.
You will need to keep an eye on your funds to check that they are doing well and that the balance of asset types remains right for you. This is more suitable for more confident and experienced investors.
Some platforms offer ready-made portfolios. You select the risk level and they will choose the funds. These may have an extra layer of fees as a management charge. You pay for their professional oversight of the portfolio.
Some investment companies allow you to buy their funds directly although you will still need to choose the funds yourself. The advantage of this approach is that you do not have to pay a platform fee.
The disadvantage is that you will have to monitor each fund separately, and you’ll receive paperwork for each fund. As with a platform you will need to keep an eye on your funds to check that they are doing well and that the balance of asset types remains right for you.