Vanguard extend ETF range

chucknorris

masonic wrote: »

The post you've quoted was discussing holding Vanguard Lifestrategy within ISA/SIPP, so a 0.45% platform fee applies if doing so through HL.

However, there are also platform charges for holding ETFs within ISA or SIPP, capped at £45 (ISA) or £200 (SIPP). If you are holding £100,000 of each ETF as you would need to do direct with Vanguard, I suppose £45 or £200 per year is insignificant, but it could be done elsewhere for no platform fee. Outside of an ISA/SIPP there would be no platform fee, but the trading charges are expensive relative to the £5-6 you could deal for elsewhere and likely zero cost of buying and selling direct with Vanguard.

I didn't realise that, I was talking about taxable investments, but I do also have SIPPS (will be worth over £100k soon) and ISA's (currently worth over £200k) so I might look into that.

masonic

chucknorris wrote: »

I didn't realise that, I was talking about taxable investments, but I do also have SIPPS (will be worth over £100k soon) and ISA's (currently worth over £200k) so I might look into that.

It's a bit of an academic point at the moment as Vanguard has so far resisted offering additional wrappers, but even if they did, it would be a bit restrictive compared with a mainstream platform. I can see the attraction for Vanguard Lifestrategy where you might not hold much else. If you are trying to achieve a balanced portfolio of different funds, it could be a lot trickier.