Have 4 years of ISA in funds can I change to self invest?

scottfrasernz

Hi can anyone please advise - I have 4 years of full ISA allowance invested in fund through Hargreaves Lansdown.

Am I able to sell the funds and then reinvest the proceeds in shares myself i.e. self invest and still keep everything safely under the ISA wrapper?

Any advice would be appreciated, thanks

Scott

Lokolo

As long as when the funds get sold the money from it stays in the ISA account then yes.

RayWolfe

Do as Lokolo says, but you can keep it with H-L if you want to. They allow you to have shares in their ISAs. Their charges may not be the best but it keeps it simple.

scottfrasernz

Thanks guys.

Do you think I should change broker then? Could I do that and retain the ISA account status for the years I opened ISA accounts via HL?

I have an account with ii as well, which I opened recently because I discovered how much cheaper they were on fees.

My other issue with Hargreaves Lansdown is the truly monumental amount of junk mail they send me.

Any thoughts appreciated.

Cheers

Scott

RayWolfe

Don't know if you should change or not. I am familiar with H-L; excellent service and easily binned junk mail; who knows about others junk mail regime?
If you do change, you need to ask the new provider to do the change. You can't sell, take the cash and move it to the new guy; he has to arrange it.

Aegis

scottfrasernz wrote: »

Thanks guys.

Do you think I should change broker then? Could I do that and retain the ISA account status for the years I opened ISA accounts via HL?

I have an account with ii as well, which I opened recently because I discovered how much cheaper they were on fees.

My other issue with Hargreaves Lansdown is the truly monumental amount of junk mail they send me.

Any thoughts appreciated.

Cheers

Scott

Send them a letter stating that you wish to opt out of all marketing material. I did that a few months ago and have had nothing from them ever since.

barny_100

I just ticked/unticked the appropriate boxes when signing up with H&L and just get the Quarterly(?) magazine thing so have never understood the junk mail complaints?

scottfrasernz

Thanks Barny but that option didn't exist when I joined HL...