Fidelity new charging structure

Perelandra

grizzly1911 wrote: »

I use Cavendish to invest.

Once you log in it looks like a mirror of Fidelity. The login allows you in through Cavendish or direct onto Fidelity which is the way I go to view portfolio. I could use Fidelity by the looks of things to buy/sell. It gives you Xray.

Somebody here has suggested that if you go in through Fidelity and insert the Cavendish broker number you still get the Cavendish terms but I haven't tried it.

On one occasion I accidentally did a fund switch having logged on from the Fidelity site, rather than Cavendish, but still got the terms I expected to get. The big "no-no" if you use Cavendish is to phone Fidelity and place an order on the phone. That would suffer the normal Fidelity fees.

Porcupine

They've now split up accounts into "ISA (Commission)" for pre-2013 and "ISA (Fee)" for 2013-onwards. As I understand it, each of these accounts is tagged with an adviser number, and you get whatever fee agreement has been made with your adviser. So it doesn't matter how you buy, as long as you do it in the right account (though Cavendish don't quote for phone service, so may well fall back to Fidelity's default charges).

This guide explains the gory details from the point of view of advisers.