can anyone recommend zero fee stocks and shares ISA provider?

maryjanell79

What about rplan? Take a look at their charges list and see what you think...

http://www.rplan.co.uk/Pages/help/list-of-charges

bigfreddiel

bowlhead99 wrote: »

Yes exactly, you don't pay a fee if you have 5k in it,

but to quote the original post:

"My view was to start building a decent portfolio "

his portfolio won't be staying at £600 - if so there's very little point in carrying on.

i would think anyone with any sense would be investing their full isa allowance each year so the fees will be zero - if thats not your plan don't bother

stick to a frisa paying 5% or ns&i ilsc when they come back on offer

fj

Lansdowne

jimjames wrote: »

Cavendish online have no fees. HL have no fees unless you buy shares or trackers

And I don't get charged a fee by Chartwell Direct. BUT as far as I know, none of these have announced what their arrangements will be when the various changes come in, which III and maybe ATS and others have done.
Better to say they charge no fees yet.

Daniel_Elkington

Mr_Silks wrote: »

I think I have pointed out that there is a 1% annual fee 1.5% if you do not go direct but are foolish enough to use an advisor.

I may be wrong but thought that the MSE forums were an opportunity for lay people to share good ideas/advice/warnings and best practice which is why I read them.

The subsequent rise from £1 to £1.26 in under 2 years has been very satisfying and I think other MSE readers should be aware of this rare positive opportunity in otherwise very difficult times.

I am an adviser (IFA) and thought I'd spread a little education here.

This actually looks quite a good global eq fund, and does indeed use a buy and hold strategy like Warren Buffet (not the first proponent of buy and hold, just one of the most famous).

People pay me an extra annual fee because I manage their assets for them so they can get on with their day job, that's like saying a conservatory costs £2000, but £3000 if you are foolish enough to use a builder. If you want to DIY then do it, your fault if it goes wrong though.

I would urge a bit of caution here, fundsmith is an Alpha fund meaning it invests (in this case) in only 26 funds and has done fairly well over 1y, but has not even got 2 years history yet.

That outperformance could be simply down to luck.

Another thing I noticed from the factsheet was that the people who manage Fundsmith also privately invest in the companies their fund invests in, there is definitely a conflict of interest here. One would ask why they do not simply invest in their own fund as a great deal of fund managers do.

147 funds have achieved 26% in 2 years, past performance is not a reliable guide to future performance and as this fund has very little history there is very little data to perform any significant quantitative analysis and this increases the risk further (it could just be luck!)

as I said there have been about 150 'rare' positive opportunities of equal or greater magnitude over the past 2 years. There are also over 1000 OEIC/UT funds which have achieved a positive REAL return over the past 2 years as well.

It's not a rare opportunity, it's daily living for the people who were foolish enough to see me!

srcandas

Daniel excellent analysis and good things to take into consideration when doing detailed fund investigation. The issue of fund managers playing privately with fund components I think is something to be very concerned about.

:beer:

Sorry but I must point out:

Daniel_Elkington wrote: »

If you want to DIY then do it, your fault if it goes wrong though.

and is also your fault at your cost if you use an IFA. Or to be fairer IFAs are useful under a range of limited circumstances. And your not going to find many among the regulars here as they are obviously DIYers