I’m fully aware of the benefit of the positive disruption Freetrade is having on the financial services market.
Right now for me I’m in that 10 year timescale of ‘Accumulation’ in my working career (i’m 42) where I’m putting every spare penny into my pension. I’ve maxed out employer/ employee contribution and AVCs. My next port of call is my private pension with a well known financial services provider, who charge a considerable amount in various formats.
I’m fully aware of the impact on savings of this nature, that fees can have. Because of this, if Freetrade can open up a SIPP (and JSIPP - I have both JSIPP and JISA for my 5 year old daughter) account with the reduction in fees that Freetrade are looking to bring about in all stock market investing, then I think you would be able to grab a massive section of consumers who currently pay over-the-odds with a whole host of other companies.
Seriously, this needs to be one of Freetrade’s priorities - there is money and customers out there that would come to you in a flash.
To use Football parlance, SIPPs is an open goal for you.
I really hope you guys make it big and I think you are carrying out your business in a very professional manner. Slowly but surely you’ll clear the way from the stuffier companies out there, that really couldn’t care less who you are, as long as you keep on paying the large fees each month.
If I was you, I’d be looking into this growth opportunity quicker than is down on you current backlog.
Freetrade has only been going for a while but already so many people are saying positive things about you - I think you’d be daft to leave it any longer!