Cheapest way to buy funds discussion

StevieJ

Just out of interest, for funds when are the management charges/other expenses charged to the investor, i.e. are these charged upfront/at the end of the first year or monthly?

Chrismaths

accrued daily. the unit price reflects net return after all costs at all times.

StevieJ

Thanks for that.

WillD_2

I'm thoroughly confused.

I currently have my 2005 share mini isa directly in fidelity's fund supermarket. I want to start my 2006 today or tomorrow. Is there a quick way to do this with lower initial and annual charges than direct with fidelity funds network?

Chartwell has seemingly great initial charges of around 0.25% but it seems I would have to reregister with their direct service; that I can't such plug in their broker code into the funds network and get the discounts/cashback. I'm pretty sure that I won't be able to reregister in time, also they seem to not have all the funds listed.

I love the idea of saving 1-2% initial charges, but can't work out how! Any help on this wolud be much appreciated.

Thanks,

Will

WillD_2

I'm thoroughly confused.

I currently have my 2005 share mini isa directly in fidelity's fund supermarket. I want to start my 2006 today or tomorrow. Is there a quick way to do this with lower initial and annual charges than direct with fidelity funds network?

Chartwell has seemingly great initial charges of around 0.25% but it seems I would have to reregister with their direct service; that I can't such plug in their broker code into the funds network and get the discounts/cashback. I'm pretty sure that I won't be able to reregister in time, also they seem to not have all the funds listed.

I love the idea of saving 1-2% initial charges, but can't work out how! Any help on this wolud be much appreciated.

Thanks,

Will

StevieJ

WillD wrote: »

I'm thoroughly confused.

I currently have my 2005 share mini isa directly in fidelity's fund supermarket. I want to start my 2006 today or tomorrow. Is there a quick way to do this with lower initial and annual charges than direct with fidelity funds network?

Chartwell has seemingly great initial charges of around 0.25% but it seems I would have to reregister with their direct service; that I can't such plug in their broker code into the funds network and get the discounts/cashback. I'm pretty sure that I won't be able to reregister in time, also they seem to not have all the funds listed.

I love the idea of saving 1-2% initial charges, but can't work out how! Any help on this wolud be much appreciated.

Thanks,

Will

Why don't you sign/register up with H&L, you can buy using a debit card, I don't think it takes that long.

http://www.h-l.co.uk/fund_research/isa_investment.hl

dunstonh

I currently have my 2005 share mini isa directly in fidelity's fund supermarket. I want to start my 2006 today or tomorrow. Is there a quick way to do this with lower initial and annual charges than direct with fidelity funds network?

Go to the IFA you set it up through. If you go direct, you will pay full charges.

barak

dunstonh wrote: »

Go to the IFA you set it up through. If you go direct, you will pay full charges.

From my experience, you can do it instantly online through Fidelity's site - paying by debit card (only) - and provided you quote your IFA's reference number on entry, you will get at least whatever initial discount/return of commission your IFA is offering.

The discount available will depend on the fund(s) you select, but will be shown before you complete the transaction, so if you don't like it you can back out!

dunstonh

From my experience, you can do it instantly online through Fidelity's site - paying by debit card (only) - and provided you quote your IFA's reference number on entry, you will get at least whatever initial discount/return of commission your IFA is offering.

Not quite. I only charge 1% for advice based transactions and nil intial for execution only. However, if you put my fidelity agency number in it will pay 3%. It needs me to put the discount in place.

I have spoken with Fidelity about this and I was told they couldnt issue multiple agencies with discounted terms. It needed someone to manually go through all the funds on offer and set the commission. One by one.

whambamboo

StevieJ wrote: »

Why don't you sign/register up with H&L, you can buy using a debit card, I don't think it takes that long.

http://www.h-l.co.uk/fund_research/isa_investment.hl

You can put the money in the HL ISA now by debit card, and you don't have to invest it until later on. I think it might take a few days to signup though, not sure, would be worth calling them.