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alliance trust?
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macmomo
Posts: 46 Forumite
Just about to set up an alliance trust account so I can hold stocks and shares / ISA and funds in the one place. But they charge £30 admin fee for the stocks and shares ISA. Is that reasonable? Seems pretty steep but I have seen them highly recommended on this forum before.
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Comments
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Try one of the fund warehouses that operate internet accounts.
Interactive Investor.
The Share Centre.
BestInvest.
Fidelity & many more.
These usually do not charge for a S&S ISA. The only charges are for transactions.0 -
See this thread for a splendid comparison of various S&S providers.
https://forums.moneysavingexpert.com/discussion/3153942I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
The £30 charge is quite reasonable. I've seen others with much higher charges.
Be very careful when looking at providers charges and benefits. For example, I used to hold an Invesco Stocks and Shares ISA, for which I was charged a significant 'initial charge' (something in the region of 4% of my ISA allowance, which is considerably higher than £30). In addition, the AMC was 1.5% which ate into my investment returns.
The majority of platform S&S ISA providers now offer 0% initial charges, which is nice.
In your case, if its funds you're after, I've heard the Alliance S&S ISA rebates something like 0.75% each year on the value of your fund holdings....0
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