Genuine alternative to HL?

jimjames

SnowMan wrote: »

The Telegraph are saying they will identify alternatives for Hargreaves Lansdown customers to switch to on wednesday

http://www.telegraph.co.uk/finance/personalfinance/investing/funds/10567895/Cost-of-investing-to-tumble-this-week.html

Rather strange scenarios that they've used, wonder if it would be different if they used examples with funds only.

The remaining £20,000 is split between investment trusts and 20 shares, which are traded regularly, perhaps as often as every week.

How many people would have £20k split across investment trusts AND 20 shares? That's potentially £500 per share traded weekly? Not sure that is really investment or speculation.

SnowMan

jimjames wrote: »

Rather strange scenarios that they've used, wonder if it would be different if they used examples with funds only.

How about

1. £250,000 in an ISA account and £250,000 in a dealing account (all in clean funds). 6 fund purchases and sales per annum in each of the 2 accounts. Total platform charge pa

(Interactive Investor: £120)
Trustnet Direct: £320
ATS: £330
Youinvest: £459
Charles Stanley: £1,250
TD Direct: £1,750
Hargreaves Lansdown: £2,250 :eek::rotfl:



2. £100,000 in an ISA account (all in clean funds). 6 fund purchases and sales per annum. Total platform charge pa

(Interactive Investor: £80)
ATS: £165
Youinvest: £230
Charles Stanley: £250
Trustnet Direct: £260
TD Direct: £350
Hargreaves Lansdown: £450 :eek:


3. £20,000 in an ISA account (all in clean funds). 3 fund purchases and sales per annum. Total platform charge pa

Charles Stanley: £50
Youinvest: £55
TD Direct: £70
Trustnet Direct: £80
(Interactive Investor: £80)
Hargreaves Lansdown: £90
ATS: £128


4. £100,000 in a SIPP account (all in clean funds). 4 fund purchases and sales per annum. Total platform charge pa

(Interactive Investor: £184)
ATS: £236
Youinvest: £320
Charles Stanley: £370
Trustnet Direct: £384
Hargreaves Lansdown: £450
TD Direct: £590


5. £50,000 in a SIPP account (all in clean funds). 4 fund purchases and sales per annum. Total platform charge pa

(Interactive Investor: £184)
Youinvest: £220
Hargreaves Lansdown: £225
ATS: £236
Charles Stanley: £245
Trustnet Direct: £309
TD Direct: £415

TCA

Best Invest could come out of this favourably if they stay along the lines of their current fixed fee model.

But for my ISA, I think IWeb or Halifax will be getting my business if their current positions are actually post-RDR changes. Haven't figured that out yet.

zagfles

SnowMan wrote: »

How about

1. £250,000 in an ISA account and £250,000 in a dealing account (all in clean funds). 6 fund purchases and sales per annum in each of the 2 accounts. Total platform charge pa

(Interactive Investor: £120)
Trustnet Direct: £320
ATS: £330
Youinvest: £459
Charles Stanley: £1,250
TD Direct: £1,750
Hargreaves Lansdown: £2,250 :eek::rotfl:



2. £100,000 in an ISA account (all in clean funds). 6 fund purchases and sales per annum. Total platform charge pa

(Interactive Investor: £80)
ATS: £165
Youinvest: £230
Charles Stanley: £250
Trustnet Direct: £260
TD Direct: £350
Hargreaves Lansdown: £450 :eek:


3. £20,000 in an ISA account (all in clean funds). 3 fund purchases and sales per annum. Total platform charge pa

Charles Stanley: £50
Youinvest: £55
TD Direct: £70
Trustnet Direct: £80
(Interactive Investor: £80)
Hargreaves Lansdown: £90
ATS: £128


4. £100,000 in a SIPP account (all in clean funds). 4 fund purchases and sales per annum. Total platform charge pa

(Interactive Investor: £184)
ATS: £236
Youinvest: £320
Charles Stanley: £370
Trustnet Direct: £384
Hargreaves Lansdown: £450
TD Direct: £590


5. £50,000 in a SIPP account (all in clean funds). 4 fund purchases and sales per annum. Total platform charge pa

(Interactive Investor: £184)
Youinvest: £220
Hargreaves Lansdown: £225
ATS: £236
Charles Stanley: £245
Trustnet Direct: £309
TD Direct: £415

Thanks - though it'd be interesting to see how it changes with more trading - I would guess most HL customers are more active buyers and sellers of funds, we buy at least once a month.

SnowMan

zagfles wrote: »

Thanks - though it'd be interesting to see how it changes with more trading - I would guess most HL customers are more active buyers and sellers of funds, we buy at least once a month.

I've put a link to my excel spreadsheet (downloaded into google docs) that I created to do the sums over in the comments on monevator (in comment 60, the link in post 50 doesn't work)

If you are able to download that you can change the number of trades. I've only allowed for some of the frequent trader discounts though.

planteria

[Deleted User] wrote:

Hi,

the new charging tariff booklet has just plopped through my letter box.

Havn't read through it yet, 50 pages, but the gist of the letter is that most investors will benefit.

You can read the highlights on HL website.

have just picked mine up too. will try to digest later on.

zagfles

SnowMan wrote: »

I've put a link to my excel spreadsheet (downloaded into google docs) that I created to do the sums over in the comments on monevator (comment 51)

If you are able to download that you can change the number of trades. I've only allowed for some of the frequent trader discounts though.

Brilliant - thanks!

According to that HL are the best value (surprisingly) for a £50k SIPP with one purchase a month (even cheaper than II!). They're a bit worse than average for £100k and then become far worse on £200k (though TD Direct are more expensive).

planteria

not even sure where to start just yet,
but im looking at:

ISA 54k

SIPP 18k

F&S 10k

getting this right, or as right as possible, is potentially very important

elantan

Have been looking at cavendish for somewhere to transfer to from H&L ... was looking at funds etc to see what they have ...

i do like my Vanguard LS 80% but i cant see that Cavendish do this fund ... can anyone confirm this ? or am i possibly looking in the wrong place ?

At this stage i'm like many others just doing my research, and i quite like the idea of having similar funds

koru

bigadaj wrote: »

Though if unwrapped then transferring to cash could trigger potential capital gains.

If you sell a fund then buy back the same fund within 30 days, the gain on the sale is the sale proceeds minus what you paid to buy back the same fund (even though you bought after selling). So, you only have a gain if the price falls between selling and repurchasing.