{"componentChunkName":"component---src-templates-post-js","path":"/how-multiply-makes-money/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5e4fc566755d9700386aea71","title":"How Multiply makes money","slug":"how-multiply-makes-money","featured":false,"feature_image":"https://images.unsplash.com/photo-1569180880150-df4eed93c90b?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"No one likes trawling small print for details so let’s cut to the chase on how Multiply makes money.","custom_excerpt":"No one likes trawling small print for details so let’s cut to the chase on how Multiply makes money.","created_at_pretty":"21 February, 2020","published_at_pretty":"21 February, 2020","updated_at_pretty":"22 July, 2021","created_at":"2020-02-21T11:56:22.000+00:00","published_at":"2020-02-21T11:59:17.000+00:00","updated_at":"2021-07-22T16:18:22.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"good-to-know","slug":"good-to-know","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"},{"name":"tips-from-team","slug":"tips-from-team","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"No one likes trawling small print for details so let’s cut to the chase on how\nMultiply makes money.\n\nIt’s free to generate a Multiply financial plan. All of the information in it,\nincluding product suggestions, is also totally free to access.\n\nIf we recommend a product\nIf we recommend a product such as the Unity Mutual Lifetime ISA, we won’t\nreceive a fee if you decide to open it.\n\nIt’s against Financial Conduct Authority (FCA) rules for Multiply to collect a\nfee from an investment platform or pension product provider for recommending\ntheir product.\n\nThis is so we’re not tempted to recommend a product or investment that isn’t\nsuitable for you. We think it’s a really good rule; it keeps your money safe and\nensures you can trust our advice.\n\nIf you decide for yourself\nIf you decide for yourself that you’d like to open a product such as the Unity\nMutual Lifetime ISA, without a specific recommendation from us, we will receive\na fee.\n\nIf you already have a Lifetime ISA, and you're considering transferring it to\nUnity Mutual, we can't give you a recommendation either way. We don’t know\nenough about your current Lifetime ISA to advise you on whether to transfer.\n\nIf you take out a mortgage via Mojo Mortgages\nIf you decide to get a mortgage in principle and then take out a mortgage via\nMojo Mortgages, we will receive a fee.\n\nIf you invest with Multiply\nIf you decide to open any investment accounts through Multiply, you’ll pay £1 a\nmonth to use the service.\n\nThis is a flat fee that covers the Multiply investment accounts available\nthrough the app: the Stocks & Shares ISA and the General Investment Account.\n\nIf you invest through Multiply, you’ll also pay an annual 0.3% platform fee. \n\nIndividual funds also charge annual fees, which vary between 0.43% and 0.73%.","html":"<p>No one likes trawling small print for details so let’s cut to the chase on how Multiply makes money.</p><p>It’s free to generate a Multiply financial plan. All of the information in it, including product suggestions, is also totally free to access.</p><h3 id=\"if-we-recommend-a-product\">If we recommend a product</h3><p>If we recommend a product such as the Unity Mutual Lifetime ISA, we won’t receive a fee if you decide to open it.</p><p>It’s against Financial Conduct Authority (FCA) rules for Multiply to collect a fee from an investment platform or pension product provider for recommending their product.</p><p>This is so we’re not tempted to recommend a product or investment that isn’t suitable for you. We think it’s a really good rule; it keeps your money safe and ensures you can trust our advice.</p><h3 id=\"if-you-decide-for-yourself\">If you decide for yourself</h3><p>If you decide for yourself that you’d like to open a product such as the Unity Mutual Lifetime ISA, without a specific recommendation from us, we will receive a fee.</p><p>If you already have a Lifetime ISA, and you're considering transferring it to Unity Mutual, we can't give you a recommendation either way. We don’t know enough about your current Lifetime ISA to advise you on whether to transfer.</p><h3 id=\"if-you-take-out-a-mortgage-via-mojo-mortgages\">If you take out a mortgage via Mojo Mortgages</h3><p>If you decide to get a mortgage in principle and then take out a mortgage via Mojo Mortgages, we will receive a fee.</p><h3 id=\"if-you-invest-with-multiply\">If you invest with Multiply</h3><p>If you decide to open any investment accounts through Multiply, you’ll pay £1 a month to use the service.</p><p>This is a flat fee that covers the Multiply investment accounts available through the app: the Stocks &amp; Shares ISA and the General Investment Account.</p><p>If you invest through Multiply, you’ll also pay an annual 0.3% platform fee. </p><p>Individual funds also charge annual fees, which vary between 0.43% and 0.73%.</p>","url":"https://multiply.ghost.io/how-multiply-makes-money/","uuid":"6110dce3-474e-4d9b-837b-942a7174f461","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e4fc566755d9700386aea71"}},"pageContext":{"slug":"how-multiply-makes-money"}},"staticQueryHashes":["176528973","2358152166","2561578252","2731221146","4145280475"]}