Stocks & Shares ISA

buglawton

HSBC allows a complete self build portfolio which can include London stock exchange, AIM, U.S. shares. As an alternate ISA you can opt for buying into trust funds, a huge range of non HSBC products on the list (bank gets a commission that is a share of the total management fee, it is quite small).

I am not associated with HSBC nor do I have an ISA with them, but have to get the facts straight here.

On the guarantee side, maybe someone knowledgable can add some factual info to this thread about where ISA holders operating through a bank stand.

innovate

HSBC are better than most banks, I grant you that. But they aren't necessarily the best people can get.

https://forums.moneysavingexpert.com/discussion/3153942


As to what FSCS protection your get for investments: it's all detailed on the FSCS website. You have £50K protection against mis-selling, and only if the firm who advised you is in default. No capital protection at all, regardless of who you invest through. Not all providers provider advice (not sure whether HSBC do), and in fact, after the recent RDA, some financial institutions have stopped providing advice.

http://www.fscs.org.uk/what-we-cover/eligibility-rules/compensation-limits/

Biggles

buglawton wrote: »

HSBC allows a complete self build portfolio which can include London stock exchange, AIM, U.S. shares. As an alternate ISA you can opt for buying into trust funds, a huge range of non HSBC products on the list (bank gets a commission that is a share of the total management fee, it is quite small).

As you can with most online brokers, usually at a lower price.

buglawton

To say something useful, how about facts with links?
Doing a price comparing on admin costs is complex. The first link from Innovate just above is one example of a useful link - lots of info if no easy cost comparison.

More importantly, the admin costs of a stocks or trusts ISA will be dwarfed by the gain or loss resulting from well picked - or not - portfolio.

Biggles

buglawton wrote: »

To say something useful, how about facts with links?

You want a link?
http://the-international-investor.com/comparison-tables/uk-international-stock-brokers

You got a link, though this information already appears in several places in the 'Share Dealing Discussion Area' thread, along with many other useful facts.

More importantly, the admin costs of a stocks or trusts ISA will be dwarfed by the gain or loss resulting from well picked - or not - portfolio.

The depends on the size of your portfolio but, in any event, it's still no reason not to look for a good deal.

BLB53

More importantly, the admin costs of a stocks or trusts ISA will be dwarfed by the gain or loss resulting from well picked - or not - portfolio.

Be careful with admin and/or fund charges - an extra 0.5% may not seem much but it will be a drain on your isa every year. Compounded over, say 30 odd years, and with a pot of over 100K, you will be many thousands of £ worse off just because of this 0.5%.

Try playing around with different figures in this link
http://www.candidmoney.com/calculators/pension-cost-comparison-calculator

Do HSBC levy an annual fee on your isa? What are the fees and charges of the funds you hold within the isa?

nicknameless

HSBC are starting with a 0.39% charge on clean fund classes within their global investment centre.

buglawton

BLB53 wrote: »

....Try playing around with different figures in this link
http://www.candidmoney.com/calculators/pension-cost-comparison-calculator
....

That appears to be to a pension cost calculator?

jem16

buglawton wrote: »

That appears to be to a pension cost calculator?

I suspect BLB53 was just trying to show you the difference that can be made with different charges.

If you want to compare for ISA/SIPP on platforms you could try this calculator. It's not got all platforms on it as yet and many are changing in view of RDR and more importantly the Platform review, but it's a start.

http://www.comparefundplatforms.com/

buglawton

Biggles wrote: »

You want a link?
http://the-international-investor.com/comparison-tables/uk-international-stock-brokers
..

Checked that link, it compares share dealing fees. And in that league, most providers seem to be quoting HIGHER trader fees than HSBC !