Thinking of transfering to HL Vantage A/c Help please

psychic_teabag

savingmore wrote: »

Another question too: i am thinking of putting quite a bit in a tracker, thinking of the virgin or the l&g, is it better to go direct to them to get or through an intermediary like HL and pay some fee/trail commission?

i would have presumed going direct, but somewhere i read it wasn't and that confused me.

le_loup wrote: »

No, it is never cheaper to go direct. Counter intuitive, I know but, a discount broker discounts some or all of the initial charge and sometimes part or all of the trail commission.

AFAIK it's a bad idea to go direct for managed funds, since they deduct the initial and trail charges anyway even though you're not getting advice. But I'm not so sure it's so bad to go direct to trackers - eg with HSBC I didn't think there was any extra fee to hold their trackers.

Note that HL now charge extra to hold (most) trackers.