| An ISA in which the investor makes decisions about what investments go into the tax-free shelter, rather than relying on advice from a broker or IFA. Many self-select ISAs are run by stockbrokers and are designed for direct investment in shares and investment trusts. But you can also invest in unit trusts, and have trusts from a number of different fund management groups within the same ISA. The disadvantage is that as well as incurring the normal fund management charges, you will also incur an ISA-management charge.
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