Hargreaves Lansdown charges.

retiree

Rollinghome wrote: »

We'll need another thread of wheezes to foil their charges.

Yes indeed. These changes are hard for a relatively small investor to understand.

grey_gym_sock

Rollinghome wrote: »

Yes, if you leave cash in the account they'll use that to pay fees but if that's your ISA account you''l be reducing your ISA pot. If to avoid that you keep a non-ISA fund and share account for paying fees you'll have to keep a minimum of £50 in it or they'll close it and charge you a £30 account closure fee.

yes, perhaps they could improve how this works.

at the moment, if you're paying the £1/£2 per month platform fees, you can opt to have them collected in the first place from your fund&share account. but i'm not sure if this is an option for the new charges (they don't mention it), though it says they will fall back to collecting fees from the fund&share account if there's no cash in the account the fees relate to.

and then there's the problem with keeping a fund&share account open just to pay fees, when you'll eventually have to pay £30 for the privilege of closing it.

grey_gym_sock

cepheus wrote: »

I'm still not finding HL more expensive for open ended funds after March even assuming the standard fund percentage of 0.75% plus 0.45% for the platform and capped ISA/SIPP charge.

they will generally be a cheaper than before for open-ended funds (except trackers). but more expensive than some of the alternatives - e.g. charles stanley would generally have the same fund for 0.75% plus 0.25% for their platform.

Lokolo

grey_gym_sock wrote: »

they will generally be a cheaper than before for open-ended funds (except trackers). but more expensive than some of the alternatives - e.g. charles stanley would generally have the same fund for 0.75% plus 0.25% for their platform.

And Charles Stanley only have a £10 transfer out per fund fee, compared to £25 at HL, should you want to move later.

cepheus

Well this is what I get for total cost per year, difficult to format

main costs assume 0.75% plus 0.45% or 0.25% for HL, and 1,03% plus £10 per trade for III

Firm, Invest, Number Trades per yr
................,,0, 25, 50

III, £100k, 1110, 1240, 1490
HL, £100k, 1240, 1240, 1240

III, £1000k, 10380, 10510, 10760
HL, £1000k, 10540, 10540, 10540

ColdIron

grey_gym_sock wrote: »

at the moment, if you're paying the £1/£2 per month platform fees, you can opt to have them collected in the first place from your fund&share account. but i'm not sure if this is an option for the new charges (they don't mention it), though it says they will fall back to collecting fees from the fund&share account if there's no cash in the account the fees relate to

They do in the FAQs under - How does my 'Suggested Minimum Cash Balance' (MCB) work?

Please note we always deduct fees from the account they were accrued first of all before looking at the Fund & Share Account. It is not currently possible to have all fees collected from the Fund & Share Account in preference to your ISA or SIPP

Linton

cepheus wrote: »

Well this is what I get for total cost per year, difficult to format

main costs assume 0.75% plus 0.45% or 0.25% for HL, and 1,03% plus £10 per trade for III

Firm, Invest, Number Trades per yr
................,,0, 25, 50

III, £100k, 1110, 1240, 1490
HL, £100k, 1240, 1240, 1240

III, £1000k, 10380, 10510, 10760
HL, £1000k, 10540, 10540, 10540

I dont understand the basis for the iii figures. Where do you get the 1.03% from?

le_loup

cepheus wrote: »

I also notice that HL deal in 2500 funds, the next largest Interactive investor less than 2000. Most platforms offer much less.

This is very important. I don't do exotic funds but two of mine I can't find that any of the smaller platforms do.

Linton

le_loup wrote: »

This is very important. I don't do exotic funds but two of mine I can't find that any of the smaller platforms do.

Which ones?

Doshwaster

rpc wrote: »

http://www.alliancetrustsavings.co.uk/forms-documents/formal-documents/list_of_funds.pdf


HL do have one of the best websites. For some, that may be worth paying for. For others, it won't be.

How do the rivals' websites compare to HL? My current estimate is that the changes will be fairly cost neutral to me and I wouldn't want to change to a worse online service unless there was a significant cost saving.