Genuine alternative to HL?

planteria

tushingham wrote: »

hi
doing the same move from hl to III myself. its a personal choice re cash vs in specie but see the III website for their transfer offer to reimburse you upto £120 if transfer initiated before 28th feb.
I doing this but also sending a letter to HL to get transfer fee waived as the III offer wouldnt cover all of my fees and i agree with the principle of them waiving it.
t

so you are moving in specie then, i assume..
did you look at The Share Centre as an alternative to HL?
and are you mostly in Funds or Shares?

le_loup

planteria wrote: »

ok, so did you move most holdings as cash to keep costs down? or decide to move in specie to remain 'in the market'?

Most in specie. But, as tushingham says you get some reimbursement from II and I'll moan to H-L as well.

planteria

thanks, and apologies for grilling, but im really keen to understand...

how did you decide how much to move as cash, and how much in specie?

tushingham

planteria wrote: »

so you are moving in specie then, i assume..
did you look at The Share Centre as an alternative to HL?
and are you mostly in Funds or Shares?

yup moving in specie but i have a fair cash holding waiting for investment anyway. I mostly in funds but have some shares and ETFs too

i looked at monevator, candid money, langcat and MSE at comparison tables and articles.

I then considered fees and particularly how these would effect my holdings in terms of my investment plans over the coming 12 months (i ignored the potential for loss/gain on current holdings)
I initially looked at platform cost but then took a rough guess at how much i might trade and added this on. Brief consideration also given to exit and other fees.

I looked at what type of holdings i prefer (trackers funds and managedfunds/oeics rather than etfs/shares at present.

Lastly I thought about the services, website, research, breath of info. ease of use etc.

III wasn't quite the cheapest but not far off. i felt it was better for me on the last point above and would probably work out among the cheapest when my holdings increase.

Hope thats useful. i think you can apply similar to your situation and come to a personal decision. If its worth anything i think plenty of people are moving to III OR Share Centre OR iWeb OR perhaps any other!!!

blizeH

Can anyone please recommend a good alternative to Hargreaves Lansdown for general share dealing? Outside of an ISA... I've tried x-o but found their website to be an absolute pain to use, and from a very small sample size none of the shares I wanted to buy were available on there (Nintendo etc)

I want to buy some Berkshire Hathaway shares now for example, and I've moved my funds over to Charles Stanley, but they don't seem to list any US stocks.

Thanks

planteria

thanks tushingham, is your portfolio £55k+??

and blizeH, are Nintendo listed in the US aswell as Japan?

blizeH

Thank you, yes they are (I think)

http://www.nasdaq.com/symbol/ntdoy

Mattygroves2

blizeH wrote: »

Can anyone please recommend a good alternative to Hargreaves Lansdown for general share dealing? Outside of an ISA... I've tried x-o but found their website to be an absolute pain to use, and from a very small sample size none of the shares I wanted to buy were available on there (Nintendo etc)

I want to buy some Berkshire Hathaway shares now for example, and I've moved my funds over to Charles Stanley, but they don't seem to list any US stocks.

Thanks

If you are just thinking about unwrapped direct share holdings then HL isn't too bad. The trading fee is £5 or £6 higher than X-O or iWeb but there is no platform fee. Unless you trade alot if it does what you want (and others don't) then maybe the extra for each trade is worth it.

riccaricca

Help!! I hope this is the right thread.

Please can anyone explain to me whether it really is true what HL say in their letter sent out about their New Charges? (I’m not very financially savvy).

“Our new tariff means most clients will be better off”, is what they say.

I’ve tried working out if I will be better off but I’m baffled by it all. I’ve read a lot of the boards on here and I’m even more confused. Not sure if to move to another provider, but which one!

I have 15 funds in HL Vantage stocks & Shares ISA, Plus 227 Royal Mail Shares. The funds are worth approx £71,000.

2 of these funds, “First State Global Emerging Mkt Leaders(Acc)” and “Liontrust Special Situation (Inc)” I put £100 in each fund per month that HL buys units.

I also have 2 funds in “ HL Vantage Fund & ShareAccount”. These are not ISA’s.

These 2 funds are worth approx £23,000.

So in total I have £94,000 invested with HL.

I’m worried that if I wait too long to transfer I will end up paying the exit fees and does that mean I have to pay on each fund?

Any information explained as simple as possible will be gratefully received.

le_loup

If you can't make sense of H-Ls literature and the various post on here and the tables of different platform's charges - should you be investing at all?