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  • FIRST POST
    • ian-d
    • By ian-d 17th Apr 17, 3:08 PM
    • 367Posts
    • 87Thanks
    ian-d
    Hargreaves Lansdown v Lloyds Share Dealing
    • #1
    • 17th Apr 17, 3:08 PM
    Hargreaves Lansdown v Lloyds Share Dealing 17th Apr 17 at 3:08 PM
    Anyone made a comparison between the two, or prefer one over the other. Looking to use either/or for ISA investments. Fees appear similar depending on amount, HL charge 0.45% admin on the value of the holding, where as Lloyds is £20 per 6 months. There are no fund purchase charges with HL, but Lloyds charge (I think) £1.50. The funds I'm interested in are the same regardless, 0.22%, so it seems to come down to which is better to use, and maybe safer in terms of a place for my money?
Page 1
    • masonic
    • By masonic 17th Apr 17, 3:09 PM
    • 9,126 Posts
    • 6,271 Thanks
    masonic
    • #2
    • 17th Apr 17, 3:09 PM
    • #2
    • 17th Apr 17, 3:09 PM
    It will come down mostly to how much you have to invest. HL will be cheaper for smaller balances, but expensive for large ones.

    Charles Stanley Direct vs iWeb would be a better pair to weigh up.
    • Audaxer
    • By Audaxer 17th Apr 17, 8:05 PM
    • 249 Posts
    • 72 Thanks
    Audaxer
    • #3
    • 17th Apr 17, 8:05 PM
    • #3
    • 17th Apr 17, 8:05 PM
    Anyone made a comparison between the two, or prefer one over the other. Looking to use either/or for ISA investments. Fees appear similar depending on amount, HL charge 0.45% admin on the value of the holding, where as Lloyds is £20 per 6 months. There are no fund purchase charges with HL, but Lloyds charge (I think) £1.50. The funds I'm interested in are the same regardless, 0.22%, so it seems to come down to which is better to use, and maybe safer in terms of a place for my money?
    Originally posted by ian-d
    If you are going to put a large amount into one fund (as I think your other post indicated) and not make many other trades you are best going for a fixed fee platform. I went for Halifax Share Dealing which only charges a £12.50 a year platform fee, and then £12.50 for each trade.
    • Malchester
    • By Malchester 18th Apr 17, 4:26 PM
    • 3 Posts
    • 0 Thanks
    Malchester
    • #4
    • 18th Apr 17, 4:26 PM
    • #4
    • 18th Apr 17, 4:26 PM
    I was with Hargreaves Lansdown but they became very expensive however they were willing to do 'deals' with some investors to reduce the cost, but not me, so I went elsewhere and transferred my investment
    • ian-d
    • By ian-d 18th Apr 17, 5:34 PM
    • 367 Posts
    • 87 Thanks
    ian-d
    • #5
    • 18th Apr 17, 5:34 PM
    • #5
    • 18th Apr 17, 5:34 PM
    Thanks all, for now I've figured I will give HL a go on my LISA, because lets face it, there isn't many places you can house one, and the rates aren't significant on such small amounts. I am impressed with both their web and phone based software, so that is a good start. Does take them a few days to reply to messages though; should just phone them with queries!
    • masonic
    • By masonic 18th Apr 17, 7:05 PM
    • 9,126 Posts
    • 6,271 Thanks
    masonic
    • #6
    • 18th Apr 17, 7:05 PM
    • #6
    • 18th Apr 17, 7:05 PM
    If you can build a portfolio from ETFs, investment trusts (and shares if needed), then your charges will be capped at a fairly reasonable level.
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