It is much cheaper to buy unit trusts from online platforms than banks. Why do people still buy from banks? Is there some information I'm missing?

Hi Natalie
Seems nobody answered your question or there seems to be a lean towards online since low fees!
So far I've invested into UT based on advice thru banks RMs. As part of the fees I get the following services

• my risk profile done, several ideas of my own challenged and spoken to the analyst team.
• filtered thru 100s then offered 3-4 UTs that have a track record of returns as per my risk appetite.
• access to their research team and insights on market trends
• advice by research team on when to sell off or retain

Now this is a lot different than having to buy online based on my own reading and learning of something I'm not an expert in compared to research teams at banks and their fund mgrs.

Hope this helps with some perspective.

1. need to answer who is buying online. Probably none IT savvy.

2. Too muc information online if u don’t know what u want.

3. Buying for free commissio. Of course, have managemany fees.