Should I move from Cavendish?

3sheds

Hi there,

I bought my ISAs (around £24000 now) through Cavendish Online by investing lump sums each year since 2008. I originally signed up with Cavendish Online because it was then recommended by Money Saving Expert as having the lowest fees.

Now I see that it is no longer in the top 4 discount brokers recommended here. Does anyone know why that is and whether I should switch to Hargreaves Landsdown? I shares spread across around 20 unit trusts including mainly ethical investments, tracker funds and some emerging market funds.

wriggly

Since you have paid the up-front fee to Cavendish, and they refund a healthy proportion of the expenses, I would think it best to keep existing funds with them.

You may want to reconsider the costs for new funds.

talexuser

I was getting a 50% commision rebate for not much of a six monthly pamphlet and switched to Cavendish for the 100% commision rebate. If you just invest in one ISA per year at £25 it's pretty good value, costs nothing to them to switch after that. The admin has been ok so far, and you get to CoFunds online direct through them anyway.