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Stocks and Shares ISA Transfer time??

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I am about to transfer my Stocks and Shares ISA from Edward Jones to Hargreaves Lansdown and have received a letter today which quotes >50 days to complete the transfer.

Can anyone advise if this is a typical transfer time?

Thank you in advance.

Robert

Comments

  • Rollinghome
    Rollinghome Posts: 2,729 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Sounds a tad excessive to me.

    I did transfers a while ago from Pope and Son, stockbrokers, and from L&G, both to H-L and both took a couple of weeks iirc.
  • dunstonh
    dunstonh Posts: 119,688 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    typical transfer time on S&S ISAs (Assuming not tie in or maturity date) is about 3 days. Rarely see it take longer than a week. I guess HL are quoting a longer period to stop people contacting them after a week wondering where the money is.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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