Trustnet launch new DIY investment platform

TraderTom

JohnRo wrote: »

Got a sinking feeling the trustnet website portfolio features are about to disappear behind a client only pay wall, which would be a pity.

They look very expensive for anything but hefty fund portfolios (discounting the first year)

To me, they look good value for smaller portfolios (£10k-£30k) so long as you don't trade every month or you use the regular investor tool (£2/trade after year 1), then a bit poor in the middle ground, then great value once you hit the £200/yr cap on charges.

Mattygroves2

TraderTom wrote: »

To me, they look good value for smaller portfolios (£10k-£30k) so long as you don't trade every month or you use the regular investor tool (£2/trade after year 1), then a bit poor in the middle ground, then great value once you hit the £200/yr cap on charges.

Agree that they look to be good value for £80k+ portfolios but still not as cheap as iii. However, the website looks much better and that is tempting me to pay the bit extra. If HL had launched a similar offer - .25% plus cap - I suspect they'd have kept alot more people.

JohnRo

TraderTom wrote: »

To me, they look good value for smaller portfolios (£10k-£30k) so long as you don't trade every month or you use the regular investor tool (£2/trade after year 1), then a bit poor in the middle ground, then great value once you hit the £200/yr cap on charges.

Only if you hold funds in your £80K+ portfolio. For Shares and investments trusts there are a great many cheaper options. For a mixture of both it gets more complicated to work out who's cheaper.

They're increasingly expensive for fund portfolios sinking below £8K

It seems the battleground for the market the pricing war is aimed at is in the 10K - 80K range.

** very impressive account web portal, that's going to be worth a good few quid extra to some people.

Imnoexpert_2

I have been waiting for the Trustnet launch before finalising a move away from hl and as a big fan of the old site I am really impressed with this new site from my first look at it. It is a real step forward in look and feel from the opposition and is very 'tablet friendly'. At first glance though I haven't found some of my current funds.

Job for the weekend is to do a lot of number crunching and comparisons. Wonder if Snowman will update his spreadsheet?

Also need to look at what funds are available.

If funds and costs are comparable I would probably pay a little more just for the interface which makes interactive investor's look very clunky and old fashioned.

le_loup

Imnoexpert wrote: »

If funds and costs are comparable I would probably pay a little more just for the interface which makes interactive investor's look very clunky and old fashioned.

Although I'm committed to III (transfers going through currently) I was very impressed with the Trustnet site. Very polished, very slick. But £200 a year each instead of £80 for the two; no contest I'm afraid. However if III's service levels disappoint, then I will certainly consider moving Trustnet.
Meanwhile, let's hope we will still be able to use Trustnet's site for research.

kermy38

JohnRo wrote: »

Got a sinking feeling the trustnet website portfolio features are about to disappear behind a client only pay wall, which would be a pity.

They look very expensive for anything but hefty fund portfolios (discounting the first year)

Trustnet portfolio features won't be disappearing behind a paywall

bigadaj

kermy38 wrote: »

Trustnet portfolio features won't be disappearing behind a paywall

Any confirmatory details?

TraderTom

le_loup wrote: »

But £200 a year each instead of £80 for the two; no contest I'm afraid.

Sorry, can you explain what you mean here about £200 each??? I know Trustnet's fee is capped at £200 and III's fee is £80 minimum, but I'm lost after that.

Thanks

kermy38

bigadaj wrote: »

Any confirmatory details?

It doesn't fit the business model, Trustnet want to encourage more users.

le_loup

TraderTom wrote: »

Sorry, can you explain what you mean here about £200 each??? I know Trustnet's fee is capped at £200 and III's fee is £80 minimum, but I'm lost after that.

Thanks

The III £80 is minimum and maximum and you only pay once for family linked accounts. Trustnet is 0.25% up to a maximum of £200 and no linked accounts.
So in my case, I will spend just one lot of £80 per year for my and my wife's account. If I were going to Trustnet I would pay £200 for hers and £200 for mine because both accounts are over 80K. In addition I would pay £10 for all transactions; with III I get potentially 8 free trades.