The YourWealth.co.uk fund platform will provide access to 1,500 investment funds, ETFs and FTSE listed shares on a non-advised basis.

The minimum investment is a £1,000 lump sum or investors can make regular monthly contributions of £100, and there is no initial investment charge.

The platform has categorised the funds available according to their investment targets, for example those targeting capital growth or aiming to generate an income.

Toby Hughes, founding director, YourWealth.co.uk, said: “Using the YourWealth.co.uk Fund Platform allows people to hold all investments in one place, giving them the ability to see everything at a glance. The single point of access means people not only save on fund charges but also reduce the amount of paperwork needed!

“Added to this investors can also get a real time picture of their portfolio, enabling them to quickly see if there are performance issues and move to address these at any given time.

“For those that do decide a DIY approach is the right them it’s important that they also conduct careful research to ensure they fully understand all of the features and risks involved with the investments they choose.”

Charges will be deducted monthly in arrears and are based on the value of assets held. The minimum charge is £30 per year.