Fidelity vs Cavendish Online

lazer

I didn't know about this - have just transfered my funds from Fidelity to Cavendish

mike88

I'm currently with Cavendish. Between us my wife and I have over £250k in ISAs. I gather that it would be cheaper for a switch from Cavendish to Fidelity if you have over £250k invested but does anyone know whether Fidelity will treat both our accounts which are linked as one for charging purposes?

C_Mababejive

I recently opened an account with Cavendish but i find the website so dire that i think i need to ditch and switch already.

Porcupine

You can also get total profit and loss with this one neat trick (to coin a phrase). Login to your account then go to:
https://www.fidelity.co.uk/investor/secure/welcome-standard.page

welcome-adv.page is the normal page for people with advisors, while welcome-standard.page is the page for people who are with Fidelity themselves. But it still works if you have an advisor. As well as total P&L there's also a nice breakdown graph of your holdings, and below the box is annualised growth for each of your accounts (ISA, SIPP, etc).

Sadly the 'Total return' link doesn't work, so you can't see your P&L breakdown.

Porcupine

For those who want more sophisticated updates, what I'd suggest is downloading your holding/transaction data as a spreadsheet, and uploading that to Google Docs.

Then set up your spreadsheet like this:
A1 = ticker name (look it up on finance.google.co.uk, probably starts MUTF_GB: )
B1 = units held
C1 = correction factor (some funds/share prices are in pence not pounds, so need 0.01)

The formula
=B1*GOOGLEFINANCE(A1)*C1
will tell you the current value of your holding.

The Google Finance data isn't perfect but it's good enough if you aren't trading. It's a lot simpler than filling out those 'virtual portfolio' things with their little tickyboxes.

GOOGLEFINANCE() can also give historical data, if you want to know the price when you bought something.

wobblegobble

I transferred from Fidelity to Cavendish last year and lost all my profit/loss and annualised return stats for my individual ISA's as they were all grouped together via the Cavendish website. I actually transferred back to Fidelity because of this. Things might have changed since but something to be aware of.

brick

wobblegobble wrote: »

I transferred from Fidelity to Cavendish last year and lost all my profit/loss and annualised return stats for my individual ISA's as they were all grouped together via the Cavendish website. I actually transferred back to Fidelity because of this. Things might have changed since but something to be aware of.

I've just changed agency to Cavendish and my individual ISAs have not been amalgamated. Well, not yet anyway.

brick

Porcupine wrote: »

Login to your account then go to:
https://www.fidelity.co.uk/investor/secure/welcome-standard.page

welcome-adv.page is the normal page for people with advisors, while welcome-standard.page is the page for people who are with Fidelity themselves. But it still works if you have an advisor.

Cool - does indeed give me some extra info.

puk999

Filled out the change of agency from Fidelity to Cavendish. Will let you know if I have any issues. My ISAs are small value so the annual savings are low, but they're still savings. I don't use the Fidelity P+L stuff so don't mind if that's missing with Cavendish.

puk999

Have changed agency to Cavendish. My ISA account has 4 different funds in it. I added £450 to one of the funds on the 3rd July. A transaction dated 11th August has appeared which I don't really understand. There are no similar transactions against the other 3 funds.

Deal date  Type                     Units   Price   Amount
11/08/2014 Adviser Ongoing Fee Sell  0.70  103.80     0.73
03/07/2014 New Investment          428.61  104.99   450.00
02/07/2014 Fund Migration          251.75    0.00     0.00
02/07/2014 Fund Migration          982.77    0.00     0.00

There is no minus sign on the amount, so is this added to my account? Can someone explain about this transaction and how it was calculated?

EDIT: Think I'm closer to understanding it now. This fund is my largest holding and ISTR they take the fees from the largest holding. ISAs are £35210. Cavendish ongoing fee of 0.05% so it's (£35210 * 0.0005 / 12) = £1.46708 which is double £0.73 (assuming fees taken monthly). I need to look at the T&Cs again to see how frequent fees are taken but getting closer. Maybe I've just been charged half a month as my account is fairly new or something.