Is TD Waterhouse the cheapest way to invest in Vanguard lifestrategy funds for my ISA

thesaver79

MoneyPleaseHelp wrote: »

if you are just looking to invest in one vanguard fund with £2000 and pay £250 a month which platform would be cheapest ?

TD until August, then HL.

AlwaysLearnin

Unless of course HL change their charges as a result of the platform review

thesaver79

AlwaysLearnin wrote: »

Unless of course HL change their charges as a result of the platform review

Of course. We'll have to wait and see.

I wonder if you'd be able to transfer the funds with no fees if they change the charges?

BettySpofkins

donniej wrote: »

Starting in August, they'll introduce a 0.35%/annum fee on all your investments.

No. At no point do they say this. The only thing that changes in August is that the clean funds lose their special exemption.

But even then, as several people have pointed out, the fee only applies to funds paying over .5% trail commission. The Vanguard funds clearly do not fall into that category, so remain exempt.

JohnRo

BettySpofkins wrote: »

No. At no point do they say this. The only thing that changes in August is that the clean funds lose their special exemption.

But even then, as several people have pointed out, the fee only applies to funds paying over .5% trail commission. The Vanguard funds clearly do not fall into that category, so remain exempt.

This is incorrect! Vanguard offer clean class funds and always have, I believe. They don't, and to the best of my knowledge never have, paid commission to anyone.

TD_Direct wrote:

We know that every investor is different and we want to provide you with the support you need to understand and try out new clean funds.

For this reason, we will not be charging a platform fee on clean funds until August 2013. The fee we will introduce at this time will be 0.35%.

The Fund Managers’ Annual Management Charge (AMC) will still apply to clean funds, but at a lower level because the trail commission element has been removed.

The benefit to you is that this gives you the opportunity to try out new clean funds in your portfolio knowing exactly what it will cost you now, and in the future.

bowlhead99

BettySpofkins wrote: »

No. At no point do they say this. The only thing that changes in August is that the clean funds lose their special exemption.

But even then, as several people have pointed out, the fee only applies to funds paying over .5% trail commission. The Vanguard funds clearly do not fall into that category, so remain exempt.

You misunderstand. The fee structure is changing in August which is why current and prospective customers have been talking about it here for some time.

For the avoidance of any doubt they say very clearly at this link that

Invest in a clean fund today and pay no platform fee until August 2013. The fee will introduce at this time will be 0.35%.

To the poster who was thanked for recommending a move to HL in August - this was in response to someone talking about a £2 k investment and adding regularly. The break-even point for choosing a £24 p.a. fee over a 0.35% fee is around £7 k. By which time HL fees may be different anyway.

Or I think Charles Stanley has been mentioned on other threads at 0.25%, I don't know what their funds range is like. I have an ISA with TD as well as a normal broker account; they suit me fine for the particular mix of things I have with then at the moment.

JohnRo

bowlhead99 wrote: »

... Charles Stanley has been mentioned on other threads at 0.25%, I don't know what their funds range is like.

It's quite impressive imo, they have all the Vanguard trackers available and the Blackrock class D and HSBC class C alternatives.

Perelandra

This comparison sheet is generally quite useful:

http://monevator.com/compare-uk-cheapest-online-brokers/

when looking at costs, and to see which companies offer Vanguard funds.

thechief1979

Hi,


Not sure if this thread is still running but just had an email from money.co.uk promoting TD Direct Investing Trading ISA and was hoping for some advice from mse forumites please.


Would like to use an investment isa to build a fund for my 3 month old sons future but with money being tight with an extra mouth to feed we can only really spare a small amount each month, which is why the TD Direct Investing Trading ISA caught my eye as this is one of the few that has a low £25 month min investment.


so I guess my question is two fold: is TD Direct a good investment choice for a minimum 18 year period (thinking uni fees) and would £25 pcm get us half decent returns during that period.


thanks for any hep

xylophone

£25 month min investment.

Might you want to consider JISA? https://www.gov.uk/junior-individual-savings-accounts/overview
http://www.jisa.org/html/junior_cash_isa.html

But remember that the money would belong to your child absolutely at the age of 18.