Hoodless Brennan to close online share dealing

Jake'sGran

qfk123 wrote: »

I recieved this and not really sure what to do. Tempted to go with TD Waterhouse as hoping it doesnt change the way i deal and 1 year price fix on the fees.

Might be worth having a look at Share.com (was The Share Centre). They have been around a long time and the web site is very comprehensive. I use them for execution only and HL for buying funds.

ses6jwg

I have about 3k invested with HB and I fancy moving it to Halifax sharebuilder or III Portfolio builder.

Does Halifax allow this and will HB transfer for free to anyone else or only TD Waterhouse?

Also I have a number of AIM and All Share holdings can these be moved to Halifax?

k8r4u

Geoffo_M wrote: »

No, it's £10 + vat

That's good news :cool: Used to be min. balance £25,000 and £25 per quarter.

Geoffo_M

Jake'sGran wrote: »

Might be worth having a look at Share.com (was The Share Centre). They have been around a long time and the web site is very comprehensive. I use them for execution only and HL for buying funds.

Thanks, this might be ideal for me. I usually only spend around £700 on each share, so each trade would only be £7-50 (plus the small quarterly admin charge).

Buddy195

Personally thinking of going to sharecrazy, seems to be similar to HB. Not happy about the short notice though :mad:

ses6jwg

I'm going to Internactive Investor Portfolio Builder - no management or inactivity fees

similar to Halifax sharebuilder but if you make a real-time trade its £10 as opposed to 11.50

oxenryd

"Option 3 Close your Hoodless Brennan account and convert your nominee holdings into your own name (share certificates)

By choosing this option you have elected to close your existing Hoodless Brennan account and not transfer to TD Waterhouse. Your existing nominee holdings will be registered into the names held in our systems and sent to the registrered address. Any cash will be converted to sterling and paid to the bank account recorded in our systems. Please note that some holdings cannot be transferred into an individual’s name, and in these cases alternative arrangements will have to be made."

I don't really understand Option 3, well I do, but what kind of investor would go for it ? Someone who doesn't intend to buy any more shares? or wants to keep their shares for the long term ? If someone could share some light on this....

waqas

what would you go for: it looks like its either Internactive Investoror Sharecrazy as best value for money. neither seem to have any other fees.

oxenryd

Just appeared on their website

Hoodless Brennan Online Sharedealing Service

Dear Sharecrazy User
For the last few years, the Sharecrazy Trader site has been serviced and managed by Hoodless Brennan – Sharecrazy’s current principal and the firm that provides the online dealing facility to all our registered traders. We’ve had a good relationship with Hoodless Brennan who have so far, provided very competitive rates to Sharecrazy customers.
However, the time has come to move on and we are moving on for the right reasons.
As you may be aware, Hoodless have decided to sell itsonline trading facility to TD Waterhouse. We are writing to let you know how this may affect Sharecrazy users.
If you are a registered user only interested in receiving emails, watching Trading Places and reading Tom Winnifrith’s controversial blogs:
This will not affect you as the Sharecrazy service to registered users will stay exactly the same.
If you are a Sharecrazy Trader and use the website to buy and sell shares or ISAs through the online share dealing platform, we are pleased to let you know that:
a) As our contractual relationship with Hoodless draws to an end in August, Sharecrazy is preparing to launch a replacement dealing facility charging almost exactly the same rates as before (in some cases less) but…
b) For every share trade that goes through the new system, 25p will be pledged to charity and handed over to the Woodlarks Trust, the organisation that enables children and adults with disabilities to enjoy a host of activities and a disabled friendly holiday. This is a charity we have supported extensively and you can find out more about its good work at www.woodlarks.org
c) We foresee minimal noticeable change to the system and therefore your trading experience should be exactly the same if not better than the previous facility.
Sharecrazy Trader will be managed by JP Jenkins which is a trading name of Rivington Street Corporate Finance which is authorised and regulated by the Financial Services Authority and a subsidiary of Rivington Street Holdings. JP Jenkins is a well known name in broking and already provides a telephone based share dealing service for private investors and the dealers at Jenkins will be present to provide a high quality backup for the Sharecrazy Trader internet-based service. If you would like more details about the JP Jenkins service please call Barry Jenkins on 0207 562 3388.
We hope to send you further communication and more details of the new facility shortly.
If, in the mean time, you have any questions regarding the change from Hoodless Brennan to JP Jenkins, please give us a ring on 02075623389 or 02075623388 or email [EMAIL="crazyadmin@sharecrazy.com"]crazyadmin@sharecrazy.com[/EMAIL]
Posted by ShareCrazy on Jun 19, 11:41 AM in Comment

Geoffo_M

Just had a look at the JP Jenkins website and their dealing costs are £20 a trade. I wonder how long they will be able to keep Sharecrazy traders at £9.95?