WiseAlpha, the fractional bond marketplace has introduced a Flexible Investment Account.
Until recently you would have had to have separate accounts for each account type. So if you wanted to both have a Robowise account and a self-directed account you would have had to have two accounts.
Now, though through the WiseAlpha flexible account you can have self-directed bond notes and a Robowise bond note portfolio in the same account.
WiseAlpa account holders also have portfolios of different risk running alongside each other.
Why would WiseAlpha introduce a flexible investment account?
First off it’s important to note that investing in bonds carries risk, you can lose all your money. Buying bonds is investing not saving because if the underlying company or government goes bust the bonds are worthless.
So with all types of investing, diversification is key. By having the self-directed and Robowise accounts running together you can expand your bond note portfolio and increase your diversity, therefore reducing the risk of bond defaults.
How does the WiseApha flexible investment account differ from other bond investment accounts?
WiseAlpha’s USP is that it offers fractional bonds. Many bonds listed in the UK that can only be bought in minimum denominations of £100,000. So, if you are a smaller investor who wants to buy bonds in chunks of £100, £1,000 or £10,000 you cannot buy these specific bonds.
Which is a shame because they are generally household names like Aston Martin, Centre Parks and Pizza Express. You can take a look at the bonds that WiseAlpha offers notes on in our WiseAlpha review.
WiseAlpha buys these bonds then lets its clients buy fractions of the bonds through notes that it issues on it’s bond market place platforms.
If you want to find out more about bonds you can see what Rezaah Ahmad the founder and CEO had to say about the WiseAlpha service when we interviewed him here.
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Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.