Who is your Fund with?
Discussion
Looking at adding a few funds into my portfolio and have been looking at the usual HL, Interactive Investor, Van Guard etc.
The fees look considerably cheaper with ii below 50k due to their flat rate monthly costs, anyone have any dealings with them? any reason why you would go with a bigger player like HL for an extra 2-300£ a year?
The fees look considerably cheaper with ii below 50k due to their flat rate monthly costs, anyone have any dealings with them? any reason why you would go with a bigger player like HL for an extra 2-300£ a year?
It depends on a whole bunch of factors like frequency of investment and size of each investment and what you're investing in.
II are pretty cheap for large amounts but if you want to buy and sell funds often II might be really expensive compared to HL who offer free fund dealing.
Lots of variables so really more info would help on what you expect to be doing.
II are pretty cheap for large amounts but if you want to buy and sell funds often II might be really expensive compared to HL who offer free fund dealing.
Lots of variables so really more info would help on what you expect to be doing.
Jiebo said:
Isn't vanguard investor the cheapest overall? It is for SIPP, nobody even comes close.
Au contraire slack bladder 
As others mention, it really depends on the size of your holdings and the transactions you undertake. We have a small/medium sized pot with Fidelity not holding any OEICs, just ETFs, ITs, and shares, and the the platform costs is £45pa, and the overall charge, including some transaction was in the region of 0.05% during 2020.
Click on the below link to download MSE SnowMan's excellent spreadsheet 'Coolly Comparing Platform Charges'. You can enter approximate amounts, dealing frequency, types of holdings, and it will give you a more holistic view of which provider may be better for you.
https://forums.moneysavingexpert.com/discussion/55...
Jiebo said:
Isn't vanguard investor the cheapest overall? It is for SIPP, nobody even comes close.
You only get Vanguards funds though. Great if you want index trackers, not so much if you want more exciting funds.
This is a good point to consider..when I first opened my Vanguard S&S ISA I just wanted a fire & forget fund and its website is clear and simple to use with no fancy bells and whistles.You only get Vanguards funds though. Great if you want index trackers, not so much if you want more exciting funds.
I am now at a point where I'm ready to dabble in individual shares again but IL need to open an account with a different platform which is a pain but it is what it is.
once you get above a certain portfolio value then it's probably worth while looking at other platforms for the cheaper ongoing costs.
To add, I had a HL account many years back..great website but you pay for the bells and whistles and I didn't really need them so each to their own.
cloud_dog said:
Jiebo said:
Isn't vanguard investor the cheapest overall? It is for SIPP, nobody even comes close.
Au contraire slack bladder As others mention, it really depends on the size of your holdings and the transactions you undertake. We have a small/medium sized pot with Fidelity not holding any OEICs, just ETFs, ITs, and shares, and the the platform costs is £45pa, and the overall charge, including some transaction was in the region of 0.05% during 2020.
Click on the below link to download MSE SnowMan's excellent spreadsheet 'Coolly Comparing Platform Charges'. You can enter approximate amounts, dealing frequency, types of holdings, and it will give you a more holistic view of which provider may be better for you.
https://forums.moneysavingexpert.com/discussion/55...
Mr Pointy said:
That's just the platform charge though & most people would be looking at holding OEICs not ETFs. If you just want to hold shares HL charges are zero.
Yes, but there is this default view when people think of Vanguard that it is always cheapest, so it is always useful to point out to people who don't or can't review other options that there are other options out there that may actually be better/cheaper.I thought HL still charge 0.45% across their accounts, and on their ISA with non-OEICs the charge is capped at £45pa, and in the SIPP (for non-OEICs) capped at £200pa?
cloud_dog said:
Yes, but there is this default view when people think of Vanguard that it is always cheapest, so it is always useful to point out to people who don't or can't review other options that there are other options out there that may actually be better/cheaper.
I thought HL still charge 0.45% across their accounts, and on their ISA with non-OEICs the charge is capped at £45pa, and in the SIPP (for non-OEICs) capped at £200pa?
Not sure about SIPPs but for an ISA with ITs shares and ETFs it's 0.45% but capped at £45 maximum.I thought HL still charge 0.45% across their accounts, and on their ISA with non-OEICs the charge is capped at £45pa, and in the SIPP (for non-OEICs) capped at £200pa?
In an unwrapped account they're free to hold.
You could hold millions in shares or ITs or ETFs on HL and be paying literally nothing for it.
That's the point I was making above that all the variables make a big difference.
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