Advice for the Best Platform for Monthly ISA Investing

Macca37

Hi,

I am keen to start investing in the following funds.

Fidelity China Special Situations
Aberdeen Global Indian Equity
Japanese Index Tracker
S&P 500 Tracker

Plus potentially a small company UK stocks fund - still undecided as to which one.

My plan would be that over the course of this year I would invest £10k across the funds.

I have done some research and I feel that it is between TD & Cavendish Online/Fidelity?

Any advice as to which platform people think would be the best to use would be most welcome.

jimjames

Bear in mind that FCSS is a share and the others are funds so as far as I'm aware you can't buy it via Cavendish.

Macca37

jimjames wrote: »

Bear in mind that FCSS is a share and the others are funds so as far as I'm aware you can't buy it via Cavendish.

Yes - I had a look and it looks like you are correct.

I might need to go for TD.

Does anyone know whether I will have to pay the yearly admin fee for ISAs if I set it up as a regular monthly payment.

Their site seems to indicate I need to have over £5k to avoid this on one page but then mentions that you won't pay the admin fee if you have it set up as a monthly payment on a different page.

Very confusing!

C_Mababejive

I thought the received wisdom was that HL were the best fund platform? Can anyone put forward their case for other fund platforms please?

saintalan

C_Mababejive wrote: »

I thought the received wisdom was that HL were the best fund platform? Can anyone put forward their case for other fund platforms please?

This may help a bit, all new to me trying to get my head round it!

Macca37

Looks like I will have to pay £1.50 every month for the FCSS through TD as it is indeed classed as a share. I am thinking this is the best option available. Anyone any other ideas?

saintalan

Macca37 wrote: »

Looks like I will have to pay £1.50 every month for the FCSS through TD as it is indeed classed as a share. I am thinking this is the best option available. Anyone any other ideas?

Hi Macca where did you find costs and funds etc on TD site, I found it very confusing?

Thanks

Alan

Macca37

I have now signed up for TD and this looks like the standard charge for buying it every month using their regular investment option. On top of the £1.50 there is also a 0.5% charge for Stamp Duty as it is classed as a share.

JohnRo

From a user friendly perspective TD is a much better platform in my experience, in terms of the information available via their account portal, compared to the Fidelity "Lite" portal available via Cavendish.

innovate

C_Mababejive wrote: »

I thought the received wisdom was that HL were the best fund platform?

That is indeed the official MSE wisdom but it's vastly over-simplifying things, and I don't think MSE have looked at investments for several years now. Don't use the main MSE site for investment information.

As you can find from detail available on sites such as monevator and candidmoney and/or places like morningstar, a lot depends on what you invest in, and how much. Just because somebody waives an initial fee doesn't make them the best platform for your circumstances.

Macca37

JohnRo wrote: »

From a user friendly perspective TD is a much better platform in my experience, in terms of the information available via their account portal, compared to the Fidelity "Lite" portal available via Cavendish.

It is early days yet but in terms of ease of use I would tend to agree.

I also opened an ISA just before the deadline with Fidelity and part of the reason I opened this year's ISA with TD was to see what the difference was from a user perspective.

I will try and keep people posted on what I find.