iii or HL as a fund platform ?

[Buster73]

Which one is better to use , pros and cons please.

[Mattt]

Why only those two?

Telegraph keeps an up to date comparison of platform costs.

[ringram]

I believe iweb/halifax has best prices for funds. HL is almost the worst possible option.
You lose 0.45% before you even start.

Try and find something with capped or at least way cheaper levels IMO.

Also Monevator has a table http://www.zdnet.com/article/windows-10-will-win-y...

[bompey]

have you considered Fidelity? Worth looking at.

[walm]

I switched from HL to iii.
The main reason was because although the iii platform looks like it was designed by a twelve-year-old it works ok.
And they charge me £200 not £2000 a year.
Or something like that.

Fidelity is a total rip-off too.

So far I have been able to do everything on iii that I could on HL (and on Fidelity when I used that).

[KTF]

ringram said:

Also Monevator has a table http://www.zdnet.com/article/windows-10-will-win-y...

Had something else in the clipboard at the time

Edit: I assume you mean this: http://monevator.com/compare-uk-cheapest-online-br...

Edited by KTF on Wednesday 29th July 17:10

[walm]

KTF said:

ringram said:

Also Monevator has a table http://www.zdnet.com/article/windows-10-will-win-y...

Had something else in the clipboard at the time

Ha!
That could have gone horribly wrong! <clears clipboard>

[Mattt]

This is a more useful comparison, ranked by fund size

http://www.telegraph.co.uk/finance/personalfinance...

[Buster73]

walm said:

I switched from HL to iii.
The main reason was because although the iii platform looks like it was designed by a twelve-year-old it works ok.
And they charge me £200 not £2000 a year.
Or something like that.

Fidelity is a total rip-off too.

So far I have been able to do everything on iii that I could on HL (and on Fidelity when I used that).

What costs to change if you don't mind spilling the beans ?

[walm]

Buster73 said:

What costs to change if you don't mind spilling the beans ?

Ah... zero I think.

I think iii charge £20 a quarter for an ISA and trading account (which you get back in free trades).
And £196 a year for a SIPP.

Fido and HL just emptied my accounts and gave all the holdings to iii.

I think!

[Buster73]

walm said:

Ah... zero I think.

I think iii charge £20 a quarter for an ISA and trading account (which you get back in free trades).
And £196 a year for a SIPP.

Fido and HL just emptied my accounts and gave all the holdings to iii.

I think!

Cheers

[Buster73]

walm said:

Ah... zero I think.

I think iii charge £20 a quarter for an ISA and trading account (which you get back in free trades).
And £196 a year for a SIPP.

Fido and HL just emptied my accounts and gave all the holdings to iii.

I think!

Cheers

[GingerMunky]

I have accounts with both;

III - crap customer service, poor execution, have complained a few times.
HL - expensive

III - cheap as chips and does what it says on the tin.
HL - great customer service and quick execution / resolution of issues.

III - majority of my portfolio, basic stuff like shares / Unit Trusts / OEICs
HL - Child trust funds / Child SIPPs / my SIPP (which gets transferred once in a while to III SIPP).

No hassle using both

[Ginge R]

A lot will depend what type of client or investor you are; a hands on one, or a fire and forget. And how much do you have to invest? Most platforms have a sweet spot, an idea of the perfect client.. a lot will depend on whether or not you fall into that bracket or not.