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  • FIRST POST
    • Chloe_G
    • By Chloe_G 3rd Dec 17, 3:47 PM
    • 36Posts
    • 7Thanks
    Chloe_G
    Cavendish Online v HL
    • #1
    • 3rd Dec 17, 3:47 PM
    Cavendish Online v HL 3rd Dec 17 at 3:47 PM
    Would Cavendish Online be cheaper and better for me? I have 3 funds of approx £10K each, won't be looking for any more purchases but will prob. put £20K in an S&S ISA in 2018/19. Thanks.
Page 1
    • StellaN
    • By StellaN 3rd Dec 17, 3:51 PM
    • 190 Posts
    • 57 Thanks
    StellaN
    • #2
    • 3rd Dec 17, 3:51 PM
    • #2
    • 3rd Dec 17, 3:51 PM
    Would Cavendish Online be cheaper and better for me? I have 3 funds of approx £10K each, won't be looking for any more purchases but will prob. put £20K in an S&S ISA in 2018/19. Thanks.
    Originally posted by Chloe_G
    Use Snowman's spreadsheet or comparethefundplatforms but I think iWeb or Halifax Sharedealing are difficult to beat.
    • Superscrooge
    • By Superscrooge 3rd Dec 17, 4:55 PM
    • 916 Posts
    • 633 Thanks
    Superscrooge
    • #3
    • 3rd Dec 17, 4:55 PM
    • #3
    • 3rd Dec 17, 4:55 PM
    The below article might help you decide?

    HL is easily the most popular platform and has a reputation for excellent customer service. But it certainly isn't the cheapest.

    https://moneyweek.com/the-best-brokers-for-your-isa/
    • jimjames
    • By jimjames 3rd Dec 17, 5:09 PM
    • 12,240 Posts
    • 10,778 Thanks
    jimjames
    • #4
    • 3rd Dec 17, 5:09 PM
    • #4
    • 3rd Dec 17, 5:09 PM
    I can't answer the better part but 0.25% vs 0.45% will definitely be cheaper as long as the funds in HL don't have a massive discount
    Remember the saying: if it looks too good to be true it almost certainly is.
    • cloud_dog
    • By cloud_dog 3rd Dec 17, 8:01 PM
    • 3,309 Posts
    • 1,866 Thanks
    cloud_dog
    • #5
    • 3rd Dec 17, 8:01 PM
    • #5
    • 3rd Dec 17, 8:01 PM
    Would Cavendish Online be cheaper and better for me? I have 3 funds of approx £10K each, won't be looking for any more purchases but will prob. put £20K in an S&S ISA in 2018/19. Thanks.
    Originally posted by Chloe_G
    So you are looking at approx £50k in there in possibly six months time. And, you indicate that you are not an active trader soooo for Cavendish it would be £125 per year or with iWeb (for example) it would be an initial charge of £25 (to open) and then zero ongoing charges plus dealing costs of £5 per transaction. You do the maths.

    Just FYI...iWeb sometimes struggle to offer funds that other service providers cover so, if you do look at them you probably want to confirm they have the funds you want.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • badger09
    • By badger09 4th Dec 17, 11:19 AM
    • 5,590 Posts
    • 4,901 Thanks
    badger09
    • #6
    • 4th Dec 17, 11:19 AM
    • #6
    • 4th Dec 17, 11:19 AM
    Another vote for IWeb, assuming they offer the funds you hold & want to buy.
    I'm a supporter of dunstonh
    • Rollinghome
    • By Rollinghome 4th Dec 17, 12:08 PM
    • 2,100 Posts
    • 2,281 Thanks
    Rollinghome
    • #7
    • 4th Dec 17, 12:08 PM
    • #7
    • 4th Dec 17, 12:08 PM
    Would Cavendish Online be cheaper and better for me? I have 3 funds of approx £10K each, won't be looking for any more purchases but will prob. put £20K in an S&S ISA in 2018/19. Thanks.
    Originally posted by Chloe_G
    For most people with £50k+, IWeb is a decent option. A useful feature of Cavendish/Fidelity is that they make no charge for transfers to another platform. Unlike HL and Iweb.

    So you could use Cavendish and if you wanted to move again, transfer to IWeb after doing your topups or transfer to HL to get one of their frequent cashback offers for transfers in.

    But where are you transfering from and how much will they charge you to leave?
    • Chloe_G
    • By Chloe_G 4th Dec 17, 7:11 PM
    • 36 Posts
    • 7 Thanks
    Chloe_G
    • #8
    • 4th Dec 17, 7:11 PM
    • #8
    • 4th Dec 17, 7:11 PM
    I've got to move from Old Mutual Investment Group - the transfer will be free. They have sent me a form for HL but I think it's a bit expensive. I also have two other funds direct with the Fund Managers but if I have to have a platform for the OM fund I'm thinking it might be cost effective to move the other two funds to the platform as well. Trouble with me is - once I start researching all the pros and cons, I find it very difficult to make a choice!! Whatever I do, I'll end up thinking I've done the wrong thing.
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