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Fidelity charges

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Comments

  • JohnRo
    JohnRo Posts: 2,887 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    The search screen, just like the account portal and web features are comprehensive.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
  • fonsde
    fonsde Posts: 81 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    Sorry for repeating this.

    But if I want to avoid the £45 fee I can use the cavendishonline transfer service (ISA funds account)
    http://www.cavendishonline.co.uk/investments/move-your-investment/currently-with-fidelity/

    Fill the two forms and send them via post?
    Is there anything else to that? Do I need to create an account online or something similar?

    And cavendishonline fee is 0.25% annually, correct?
  • jimjames
    jimjames Posts: 18,891 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    That's correct. All very easy.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • someone
    someone Posts: 839 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Lezduur wrote: »
    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.

    Additionally, open a FundsNetwork CashManager Account to pay Cavendish their charge of 0.05% taken in monthly deductions, thus they will not sell your funds to cover their cost.

    Hope that helps.

    Question, when does cavendish/FundsNetwork start taking the charges(by selling or by account debit)? I've had an account since march 2015 and can not see any deductions. I believe the funds were all *clean class*.
  • jimjames
    jimjames Posts: 18,891 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    someone wrote: »
    Question, when does cavendish/FundsNetwork start taking the charges(by selling or by account debit)? I've had an account since march 2015 and can not see any deductions. I believe the funds were all *clean class*.

    Monthly I believe, from the largest holding by selling units.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • someone
    someone Posts: 839 Forumite
    Part of the Furniture 500 Posts Name Dropper
    jimjames wrote: »
    Monthly I believe, from the largest holding by selling units.

    Nothing has been deducted. And I can account for all units!
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