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  • FIRST POST
    • Sally57
    • By Sally57 11th Jan 18, 7:26 PM
    • 97Posts
    • 19Thanks
    Sally57
    iWeb Platform
    • #1
    • 11th Jan 18, 7:26 PM
    iWeb Platform 11th Jan 18 at 7:26 PM
    I am currently thinking of changing my S&S ISA platform to iWeb. I know it's supposed to be a very basic platform for the cost but please can some forum members who use iWeb advise on what performance results they provide for the individual funds or IT's you are invested in? Is it just a total return or loss of the fund/ITor or also annualised returns?
Page 1
    • jimjames
    • By jimjames 11th Jan 18, 8:25 PM
    • 12,347 Posts
    • 10,928 Thanks
    jimjames
    • #2
    • 11th Jan 18, 8:25 PM
    • #2
    • 11th Jan 18, 8:25 PM
    It's very basic and is just a total increase/decrease and percentage. If you transfer investments in it doesn't work either as there is no buy price.

    Having said that, I'm very happy and am saving substantial amounts of money using them.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • cloud_dog
    • By cloud_dog 11th Jan 18, 9:38 PM
    • 3,367 Posts
    • 1,904 Thanks
    cloud_dog
    • #3
    • 11th Jan 18, 9:38 PM
    • #3
    • 11th Jan 18, 9:38 PM
    I wouldn't base the choice on a dealing platform based on its analysis/breakdown or returns capability.

    There are plenty of sites to do that on and some where you could create a dummy portfolio to mirror your actual investments.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • bertpalmer
    • By bertpalmer 11th Jan 18, 10:14 PM
    • 97 Posts
    • 43 Thanks
    bertpalmer
    • #4
    • 11th Jan 18, 10:14 PM
    • #4
    • 11th Jan 18, 10:14 PM
    I use them and am happy.

    I have a spreadsheet for ‘the stats’ - so I don’t need too much information from iWeb other than the basics.
    • talexuser
    • By talexuser 11th Jan 18, 10:24 PM
    • 2,345 Posts
    • 1,818 Thanks
    talexuser
    • #5
    • 11th Jan 18, 10:24 PM
    • #5
    • 11th Jan 18, 10:24 PM
    Been very good for me and saved a bundle of fees on large sums. Keep my own spreadsheet and use Morningstar, Trustnet and HL for info and analysis.
    • Sally57
    • By Sally57 12th Jan 18, 8:45 AM
    • 97 Posts
    • 19 Thanks
    Sally57
    • #6
    • 12th Jan 18, 8:45 AM
    • #6
    • 12th Jan 18, 8:45 AM
    I suppose you also have to take into account that with ACC units iWeb do charge a dividend reinvestment fee of 0.2 per cent or £5 maximum for each dividen reinvestment. Therefore, if you have dividends paid quarterly with IT's and you have substantial funds invested these costs can add up. Whereas, some platforms (Fidelity) do not charge anything for dividend reinvestment so iI suppose it's a case of working it all out on the sums involved.
    • eskbanker
    • By eskbanker 12th Jan 18, 8:54 AM
    • 6,096 Posts
    • 6,122 Thanks
    eskbanker
    • #7
    • 12th Jan 18, 8:54 AM
    • #7
    • 12th Jan 18, 8:54 AM
    I suppose you also have to take into account that with ACC units iWeb do charge a dividend reinvestment fee of 0.2 per cent or £5 maximum for each dividen reinvestment.
    Originally posted by Sally57
    Surely the whole point of ACC units is that they're automatically reinvested within the fund rather than needing to be done via the platform - if you want to go down the latter route then it's INC units you want.

    And IWeb's dividend reinvestment charge is actually 2% not 0.2%....

    http://www.iweb-sharedealing.co.uk/charges-and-interest-rates/stocks-and-shares-isa-charges.asp
    • talexuser
    • By talexuser 12th Jan 18, 12:44 PM
    • 2,345 Posts
    • 1,818 Thanks
    talexuser
    • #8
    • 12th Jan 18, 12:44 PM
    • #8
    • 12th Jan 18, 12:44 PM
    I have unbundled trusts with iWeb and prefer to automatically reinvest dividends as they come along. It costs me around £80-90 a year. I could save a little money with them by leaving cash stagnant and buying bigger chunks at a time, but not that much in comparison, and make it more difficult to compare performance of the trusts directly. It still remains much cheaper than having a cheap free reinvestment platform based on a % fee of all my holdings which would then be well into 4 figures a year. So it all depends on personal circumstances.
    • badger09
    • By badger09 12th Jan 18, 3:12 PM
    • 5,608 Posts
    • 5,061 Thanks
    badger09
    • #9
    • 12th Jan 18, 3:12 PM
    • #9
    • 12th Jan 18, 3:12 PM
    As others have said, a basic platform but it does what I need at a very low cost. I keep my own records anyway.

    Best suited to a buy & hold, lump sum investor obviously.
    • sebthered
    • By sebthered 12th Jan 18, 6:18 PM
    • 37 Posts
    • 24 Thanks
    sebthered
    Works well for me & their service and comms are very good too!
    • yorkiebar
    • By yorkiebar 12th Jan 18, 6:23 PM
    • 724 Posts
    • 232 Thanks
    yorkiebar
    Another "works for me" post. I have ISA and SIPP accounts with iWeb and am happy with the cheap and cheerful offering.
    • capital0ne
    • By capital0ne 12th Jan 18, 11:29 PM
    • 267 Posts
    • 134 Thanks
    capital0ne
    Move II to iWeb?
    Note - I see my error now, didn't add on the platform fee for ii - see correction below

    I'm with II (TD prior to that) so now I'm paying a few £22.50/quarter or £90/yr
    I reinvest automatically - costs £1.00 now, with TD that was £1.50
    I have 60 reinvestments each year and I trade about 8 times a year

    So the cost comparison is like this
    ii TD
    Reinvestments £60 £90
    Trades £80 £100
    Total £120 £190
    Platform Fee £90 N/A
    Less Credit -£90 N/A
    Annual Cost £200 £190

    So altho' TD had no fees for a portfolio of shares and ETFs it was costing me £190/yr
    And ii will only cost me £10 more

    I was thinking of moving to iWeb, but not now - I think I may
    Last edited by capital0ne; 13-01-2018 at 3:43 PM. Reason: error in logic
    • Eco Miser
    • By Eco Miser 13th Jan 18, 3:54 AM
    • 3,324 Posts
    • 3,089 Thanks
    Eco Miser
    As said, it's basic, but I keep my own records, so I don't need to platform to tell me how much I've made or lost.
    Eco Miser
    Saving money for well over half a century
    • Daverok
    • By Daverok 13th Jan 18, 6:57 AM
    • 4 Posts
    • 0 Thanks
    Daverok
    As others have said. Very basic, but cheap and cheerful is fine for me. I have share dealing with them as well as an ISA and trading costs are low and reliable.
    • xylophone
    • By xylophone 13th Jan 18, 11:48 AM
    • 24,074 Posts
    • 14,079 Thanks
    xylophone
    I think I'll be happy enough with it once my ISA transfer from II actually completes and I have the dividends that have been paid to II and that I have still not received.
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