Fund costs question
Discussion
Hi,
I'm looking to invest £20,000 into a fund via an ISA. (hope fund is the right term)
The fund i'm looking at is Vanguard Lifestrategy 80% accumulation.
From what i can see, the ongoing charge is 0.22% if is go direct with Vanguard, but also 0.22% if i invest via Hargreaves Lansdown, which i have another investment with, so providing i'm not being fleeced i think keep it in HL.
Are there any other costs that i'm missing?
I presume the ongoing cost is based on my investment value and charged yearly?
Thanks.
I'm looking to invest £20,000 into a fund via an ISA. (hope fund is the right term)
The fund i'm looking at is Vanguard Lifestrategy 80% accumulation.
From what i can see, the ongoing charge is 0.22% if is go direct with Vanguard, but also 0.22% if i invest via Hargreaves Lansdown, which i have another investment with, so providing i'm not being fleeced i think keep it in HL.
Are there any other costs that i'm missing?
I presume the ongoing cost is based on my investment value and charged yearly?
Thanks.
bhstewie said:
Yeah HL will charge you more to hold it than Vanguard will to run it.
That's just HL's pricing model which doesn't always work well with the super low cost funds like LifeStrategy.
Vanguards own platform is cheap, but if it's this years ISA allowance and if you envisage wanting to hold non-Vanguard funds, you might want to look elsewhere than Vanguard and HL as a platform to use.
Any recommendation as to what platform to use?That's just HL's pricing model which doesn't always work well with the super low cost funds like LifeStrategy.
Vanguards own platform is cheap, but if it's this years ISA allowance and if you envisage wanting to hold non-Vanguard funds, you might want to look elsewhere than Vanguard and HL as a platform to use.
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