Managing Your Money 

Barclays new platform maybe more expensive for larger portfolios

Barclays new platform maybe more expensive for larger portfolios

Barclays (BARC) is overhauling its DIY investment platform to make its service, which was geared towards share investing, more cost-effective and user-friendly for investors buying funds. The shift will benefit buy-and-hold investors who want to hold both funds and shares, as they are likely to pay less with the new Barclays Smart Investor service than with the Barclays Stockbrokers model. But customers with large portfolios could pay more, and those who have access to a spouse's account or hold multiple accounts under one name will no longer be able to.

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