Fidelity charges

westy22

So good you said it twice :-)

JohnRo

If I had a sub 7.5K account and had to choose a free fund dealing, 0.25%pa provider, it wouldn't be Cavendish.

TrustyOven

JohnRo wrote: »

If I had a sub 7.5K account and had to choose a free fund dealing, 0.25%pa provider, it wouldn't be Cavendish.

How come you say that?

JohnRo

I ditched Cavendish a while ago, their fidelity lite account portal was horrible, no cash balance available and the retreival of investment details and dates was purgatory.
I chose CSD in the end, superior in all areas imho.

Al.

Lezduur wrote: »

If you have £7500 or less held in a fidelity ISA [Direct ISA] you will be charged.

Basically as things currently stand, Fidelity take 0.35% of their charge by selling your funds monthly, this will change to a bulk £22.5 sale of funds every six months. Which is a lot of your hard earned ISA value to erode.

By transferring to cavendish, FundsNetwork [Fidelity] will take 0.20% only, by selling your greatest value fund, and Cavendish will take 0.05% by sale as well.

Hope that helps.

Interesting thread. What do people think is a fair charge? Assuming the cost of funds is on top, what are people here, paying all in each year, including one or two fund switches?

abdul56

What is CSD? - which platform is this and why is it better than fidelity? if you dont mind answering?

badger09

Charles Stanley Direct

bigadaj

Al. wrote: »

Interesting thread. What do people think is a fair charge? Assuming the cost of funds is on top, what are people here, paying all in each year, including one or two fund switches?

Fund switches are free for csd and several others, or should I say included. For basic trackers and life strategy or similar then you've got to be targeting 0.5% or just above all in, managed funds are going to be up towards 1% obviously.

scrambledeggs

JohnRo wrote: »

I ditched Cavendish a while ago, their fidelity lite account portal was horrible, no cash balance available and the retreival of investment details and dates was purgatory.
I chose CSD in the end, superior in all areas imho.

Cavendish's functionality seems identical to Fidelity's when I log in.

TrustyOven

JohnRo wrote: »

I chose CSD in the end, superior in all areas imho.

I had a look at them and can't make heads or tails from their site. There's no apparent way to get to the list of the investments list like you can get to on the Fidelity website.

There's some "Foundation Portfolios" that look like a selection of some of the funds... but a rather short list.

Only when "searching" in the top right box with an empty input box (like a null search, that's just weird) does it seem to bring up a big list, and even then looks weird. Cant seem to select "Funds", it just shows all, and no apparent way to filter by different criteria.

Oh! Only when I click on Funds in the (sub?) search (but I already searched, why do I need to re-search?) does it select Funds and give some filters.

And this thread: https://forums.moneysavingexpert.com/discussion/5327730 suggests minimum £50 per month per fund. Which is weird because Fidelity allowed me to do smaller amounts per fund (but maybe as long as total was more than £50?).

Maybe ultimately I will go with CSD but so far not sure that I like the website much.