His podcast, Meaningful Money, will provide access to a website allowing people to self-assess and calculate their appetite for risk and suitable investment vehicles.
The firm said that it believes the 7IM Self Invest service to be “the first arrangement of its kind between an investment manager and a popular independent podcaster”.
How it works
The website targets people who are looking to invest in an Isa or general investment account, and clients will be guided through a risk-assessment process.
The self-investment tool – which is based on 7IM’s AAP multi-asset range – categorises risk in five different groups: cautious, moderately cautious, balanced, moderately adventurous and adventurous.
Once the risk has been defined, users will be able to pick either one of the five funds offered by 7IM or create their own ‘mini portfolio’ based on the five.
Where is the advice?
Clients will also be able to access tools built into the self-invest service showing them details about their investment choices; such as forecast growth, range of best- and worst-case scenarios as well as explanatory videos.
Matthews, who is a qualified financial adviser, said: “Right from the early days viewers and listeners have been getting in touch asking for help.
“They’ve been motivated by the show to save more but not everyone is able to pay professional advice fees, and I haven’t the bandwidth to help everyone.
He will also operate as an introducer appointed representative for 7IM.
Minimum investment and fees
Investments made through the tool can be done either by putting a lump sum or by sending regular amounts starting from £200 ($265, €235) a month.
The service will charge 0.3% on the first £150,000 and then no charges will be made beyond that amount.
Additionally, each of the five funds has an underlying charge which is, on average, less than 0.7%
7IM said that for most investors “the service is likely to cost less than 1% pa in total”.