Overview of Aberdeen Standard
Aberdeen Standard, established in 2021 and headquartered in the United Kingdom, is a comprehensive financial services provider offering a wide range of services such as financial planning, wealth management, investment advice, retirement planning, direct investing, and Abrdn Investment Trusts. While it provides accessible trading platforms like Interactive Investor and offers various account types including SIPP (Self-Invested Personal Pension) and ISA (Individual Savings Account), it's important to note that Aberdeen Standard is not regulated. This lack of regulation may raise concerns regarding oversight and security, although the company does provide dedicated customer support through regional offices and servicing teams.
Is Aberdeen Standard Legit？
It's crucial to be aware that Aberdeen Standard lacks regulation. This means it functions without oversight from established financial regulatory bodies. Traders should proceed cautiously and understand the risks involved in dealing with an unregulated broker such as Aberdeen Standard. These risks may include limited avenues for resolving disputes, potential safety and security issues concerning funds, and a lack of transparency in the broker's operations. Traders are advised to conduct thorough research on a broker's regulatory status before participating in trading activities to enhance their safety and security while trading.
Pros and Cons
Aberdeen Standard offers a diverse range of financial services with accessible trading platforms and multiple account types, supported by dedicated customer support. However, its lack of regulation and relatively high fees for financial planning may be drawbacks for some investors.
Products and Services
Aberdeen Standard offers a range of financial services including financial planning and advice, wealth management, investment advice, retirement planning, direct investing, and abrdn Investment Trusts.
Fees
Aberdeen Standard charges a one-off fee ranging from 1-1.5% for financial planning and advice, with ongoing charges starting at 0.69%. Initial consultations are free and come with no obligations.
Trading Platforms
Aberdeen Standard's platform, interactive investor, is a direct investing platform offering SIPP, ISA, and Trading Accounts with a low flat fee.
Account Types
Aberdeen Standard offers various account types including SIPP (Self-Invested Personal Pension), ISA (Individual Savings Account), and Trading Accounts.
Customer Support
Here are the specific phone numbers for different customer support queries at Aberdeen Standard:
1. Financial planning adviser or digital retirement advice:
- Contact your regional office with an abrdn financial planning adviser.
2. Stocks and Shares ISA queries:
- Call 0800 027 4675 for servicing team assistance.
3. Elevate queries:
- Call 0345 600 2399 for Elevate customer support.
4. Wrap queries:
- Call 0800 027 4675 for servicing team assistance.
5. Fundzone queries:
- Call 0345 279 2002 for Fundzone customer support.
6. abrdn Fund Managers Limited customers (UK funds, OEICs, and unit trusts):
- Call 0345 113 6966 for assistance.
7. Self Investor customer queries:
- Call 0800 1522 522 for Self Investor customer support.
8. Other enquiries (abrdn corporate details, investor relations, media inquiries):
- Find relevant contact info via the link provided by Aberdeen Standard.
Educational Resources
Aberdeen Standard provides educational resources through news and insights, offering valuable information and analysis to help investors stay informed and make informed decisions.
Conclusion
In conclusion, Aberdeen Standard presents a diverse array of financial services and investment options, catering to various client needs through accessible trading platforms and multiple account types such as SIPP and ISA. However, its notable disadvantage lies in the lack of regulation, which could be a significant concern for investors seeking oversight and security. Additionally, the fees for financial planning and advice may be relatively high compared to some competitors. Nevertheless, the company's dedicated customer support and comprehensive range of offerings provide opportunities for individuals to navigate their financial journey effectively with the right guidance.
FAQs
Q: What types of financial services does Aberdeen Standard offer？
A: Aberdeen Standard provides a range of financial services, including financial planning, wealth management, investment advice, retirement planning, direct investing, and Abrdn Investment Trusts.
Q: Is Aberdeen Standard regulated by financial authorities？
A: No, Aberdeen Standard is not regulated, which means it operates without oversight from recognized financial regulatory authorities.
Q: What are the fees for financial planning and advice at Aberdeen Standard？
A: The fees for financial planning and advice at Aberdeen Standard include a one-off fee ranging from 1-1.5% and an ongoing charge starting at 0.69%.
Q: What trading platform does Aberdeen Standard offer？
A: Aberdeen Standard offers the Interactive Investor platform for direct investing, providing users with access to various investment opportunities.
Q: What types of accounts can I open with Aberdeen Standard？
A: You can open accounts such as a SIPP (Self-Invested Personal Pension), ISA (Individual Savings Account), and Trading Accounts with Aberdeen Standard.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
2024-01-19 23:13
