Stocks & Shares ISA - Hargreaves Lansdown
Discussion
H&L fees are a bit high, however it depends upon what you are doing with the account. All the trust fund sales and purchases are free and if you are moving money around often then its reasonably cheap.
If I planned to invest money long term I would use another broker, if I wanted to move money around a lot then HL are not so bad.
If I planned to invest money long term I would use another broker, if I wanted to move money around a lot then HL are not so bad.
I've only bought a few shares and it's been through Hargreaves Landsdown. I had £600 in my stocks and shares ISA not doing much so I've just put it into their new Multi Manager Asia and Emerging Markets fund. Did some research and hoping it will build nicely over a long term, but it is a risk with emerging markets so I'm fully prepared. Anyone else investing in this fund?
I always get the impression that the higher the Estimated ongoing charge (OCF/TER) the worse the fund is .Ie low cost funds perform better-i'm sure it is not as simple as that
Also do different fund supermarkets have different Estimated ongoing charge (OCF/TER) for the same fund ? -or do they negoiate their own discounts ? If it is the latter than that muddys the waters more regarding Service charges.
Also do different fund supermarkets have different Estimated ongoing charge (OCF/TER) for the same fund ? -or do they negoiate their own discounts ? If it is the latter than that muddys the waters more regarding Service charges.
Don't confuse the fund charges with the H&L charges. Fund charged are taken by the fund management, H&L also charge for their services. I think people fuss too much about charges, if you are moving money about to achieve good rates then the charges are a small percentage, however if you are dumping money in something to leave it for a while then the charges can be more significant.
oldaudi said:
Im investing at launch, in my ISA and SIPP. I like the Multi Manager HL Funds, its alike a Fund of Funds so you get your toe into other funds with minimal risk
Have a look at CF Woodford, I must admit to not liking the multi-manager funds, there performance is always rather dull due to the spread across the sector.Charges, charges, charges. I don't like paying my accountant or solicitor because I can't see anything tangible for it, I'd resent going private for medical cover.. but would I mind paying a car salesman thousands in commission for something shiny? Nope! 
Needless charges are appalling - I'm a bad capitalist. I despise the financial services trough mentality as much as I despise Margaret Hodge's hypocrisy on the cover of today's Times. H-L is expensive, but those two created something out of nothing and if you don't mind paying a premium for a slick service which leaves the strategy, tactics, ongoing management and liability largely with you, then that's fine.
I even quite like phoning H-L on behalf of new clients. Compared to the humdrum and negative approach in the major life companies, the experience is invariably polite, zesty, zippy and client focused (the person on the other end of the phone pays the wages and the staff remembers that).
The fund choice itself is only a small part of the picture though. In most if not all cases, you look at a portfolio and big picture, and you know you could increase efficiency, improve outcomes and save money for a client. But to bash H-L simply because it's perceived as 'the enemy' is wrong and for some clients (I saw one this week - he's best placed staying where he is) it's a happy, if sometimes blissfully ignorant, mix.
SJP though, now *quite* that's a different matter.
Needless charges are appalling - I'm a bad capitalist. I despise the financial services trough mentality as much as I despise Margaret Hodge's hypocrisy on the cover of today's Times. H-L is expensive, but those two created something out of nothing and if you don't mind paying a premium for a slick service which leaves the strategy, tactics, ongoing management and liability largely with you, then that's fine.
I even quite like phoning H-L on behalf of new clients. Compared to the humdrum and negative approach in the major life companies, the experience is invariably polite, zesty, zippy and client focused (the person on the other end of the phone pays the wages and the staff remembers that).
The fund choice itself is only a small part of the picture though. In most if not all cases, you look at a portfolio and big picture, and you know you could increase efficiency, improve outcomes and save money for a client. But to bash H-L simply because it's perceived as 'the enemy' is wrong and for some clients (I saw one this week - he's best placed staying where he is) it's a happy, if sometimes blissfully ignorant, mix.
SJP though, now *quite* that's a different matter.
boyse7en said:
iWeb also seem to require a £200 fee up front, or am I reading it wrong.
I too, like the OP, am looking for a simple S&S ISA. I've got about £5k lump sum to put in, then monthly £100-150.
I've been reading some of the websites mentioned above, and I'm coming away more and more confused. The more i know, the more i realise I don't know.
iweb also charge £5 per transaction.I too, like the OP, am looking for a simple S&S ISA. I've got about £5k lump sum to put in, then monthly £100-150.
I've been reading some of the websites mentioned above, and I'm coming away more and more confused. The more i know, the more i realise I don't know.
richard sails said:
Don't confuse the fund charges with the H&L charges. Fund charged are taken by the fund management, H&L also charge for their services. I think people fuss too much about charges, if you are moving money about to achieve good rates then the charges are a small percentage, however if you are dumping money in something to leave it for a while then the charges can be more significant.
And H&L promote the fact they get discount on fund management charges for quite a few schemes - I'm not sure if (all) the others do? Ie you may pay them say 0.45% but they may save you 0.2% on the fund manager fees making it a net 0.25% annual fee Gassing Station | Finance | Top of Page | What's New | My Stuff