S&S ISA: Hargreaves Landsdown vs Fidelity?

Hatone

Lansdowne wrote: »

Chartwell has a list of ISA discounts which is easy to understand, also giving the on-going annual commission rebates.

They are based on Cofunds platform.

By the way, have you invested with Chartwell? What is their service like?

jem16

Hatone wrote: »

Not always. I still think looking at the discretionary investment detail is a deciding factor where to invest your money.

If you are choosing the funds yourself why are you looking at the discretionary investment detail?

Lansdowne

Hatone wrote: »

By the way, have you invested with Chartwell? What is their service like?

Yes I have made a few purchases of funds, completely online. When you have chosen the fund etc on-screen you pay by giving a debit card number. You then get a confirmation in the post a week or so later from Cofunds but the purchase appears online the next day. All the actual admin is done through Cofunds: Chartwell takes the part of an adviser but because they are not actually giving advice on the funds they remit (generally) half the commission. Also when you phone them they are not too busy to help. Don't know how they compare with H-L or Fidelity cos haven't used them.

Lokolo

jem16 wrote: »

If you are choosing the funds yourself why are you looking at the discretionary investment detail?

I wondered that I didn't want to say anything in case I was wrong lol

Greycrow

Hatone wrote: »

By the way, have you invested with Chartwell? What is their service like?

I've funds with H-L, Chartwell and Fidelity. IMO they're all quite good, but really much of a much. I had no problems with any of them.
H-L, probably, shades it for it's online simplicity.

turbobob

Hatone wrote: »

Yeah. Two of the funds I've chosen has an initial cost of 5% and initial saving 0.5%! 4.5% buying cost. Whereas Fidelity has a lower charge, particularly on these two funds (only 2%).

Tough decisions....

Which funds are those out of interest?

The only fund I've used which had any sort of initial charge with H-L was this one http://www.h-l.co.uk/funds/security_details/sedol/B13W3Y4 which is quite a specialist fund, a lot of the property funds also have a small initial charge, but the vast majority have none.

turbobob

David_Aston wrote: »

To be fair HL manages one or too funds for us with no more or less success than the funds themselves can manage.

Can you clarify what you mean? Are you talking about H-L's multi manager funds?

David_Aston

Good point turbobob. Our funds are from other providers, held in HL's Vantage wrapper.
Hatone, thanks for you comment on the small print. I have often considered moving more products into the Vantage wrapper, normally as a result of mulling over the current bumf from HL. However, attempting to go through the small print has always defeated me up to now! Err, perhaps you can tell me if it all appears to be in order?

dunstonh

Good point turbobob. Our funds are from other providers, held in HL's Vantage wrapper.

In which case, the charges for discretionary management do not apply.

I have often considered moving more products into the Vantage wrapper, normally as a result of mulling over the current bumf from HL.

Not a good move. HL's reputation and history of material suggests they market funds which are in their top sellers list. I wouldnt be surprised if there is marketing incentives from fund houses either as that is quite common on platforms. With no advice being given, they are free to market funds for any reason.