Hoodless Brennan - Alternative provider with no monthly charge - advice please?

blued

Can anyone offer any help?

skylight

I opened with Hargreaves Lansdown - they provided a section and the forms to transfer the shares from HB to them. Filled out the forms and posted them back. I would guess that sharecrazy would do something similar.

As to any cost, there is usually a fee for transfering to a new provider, but this fee is normally charged by the old provider for leaving and not the new one (HL do not charge for me to transfer my HB stuff to them). However, no-one seems to know here if HB are going to charge their leaving fees under this scenario, cannot find anything about it on their site.

jimmyss1

skylight wrote: »

However, no-one seems to know here if HB are going to charge their leaving fees under this scenario, cannot find anything about it on their site.

I can't post the link here, but in the email you received from HB there is a link to a faqs section, and in there they say there will be no charges for transfers. qoute below

Will I be charged to transfer to another broker?
No. Hoodless Brennan will cover any transfer charges to another broker.

skylight

Thanks! Next time I will re-read rather than read and skim!

G_M

ShareCrazy are changing too!

Settlement and Clearing providers to change from Hoodless Brennan to Jarvis Investment Management

There will be a slight change in the rates. The good news is that we intend to maintain the price per trade executed online at £9.99.

Jarvis apply a £5.00 per annum account charge for maintaining each account on their books, which we (Sharecrazy) will suffer for the first year only for existing clients, new clients however will have to pay this charge themselves.

So if you switch to Sharecrazy eg from HB, you'll pay £5 pa.

theGrinch

for buying and selling individual shares HL seem expensive and that matters

G_M

A quick trawl shows:
iii 10.00 per deal + 0 fee (also operates Fool)
Fool 10.00 + 0 (some admin fees higher than iii eg transfer out)
Halifax 11.95 + 0
Share Centre 1% (7.50 min) + 2.50 pq
Self Trade 12.50 + 35 pa
Fidelity 9.00 + 5 pm
Share Crazy 9.99 + 5 pa (free for 1 more year if existing customner)

Can not comment on quality.

Interested in any others.....

aspiration_2

Could someone please confirm that Halifax charges £11.95 per trade.

I thought it was much more.

blued

Got damn it! I just initiated my transfer to Share Crazy. I'm going to see if I can cancel.

G_M

aspiration wrote: »

Could someone please confirm that Halifax charges £11.95 per trade.

I thought it was much more.

Take a look at their website... key features of the share dealing service.