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Cost £1,000 to leave Hargreaves Lansdown
Comments
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Presumably the subject of the article, with 45 holdings, had a lot of shares in the mix and would have had to pay dealing charges to sell and repurchase those holdings.Either move as cash or single stock would have massively reduced price and been far quicker. I needed to move some money out of my HL ISA recently. As I've not used this years allowance I just sold the holding and rebought in the new ISA. I did it same day so wasn't out of the market and just had to wait for the proceeds to come to top my savings back up again.0 -
As it turned out he went to AJ Bell and they paid £750 as a welcome, so it didn't cost him that much.
But 25 quid a holding does seem a lot if others like Fidelity/CoFunds have no transfer charges, and their normal charges are lower anyway.0
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