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Cavendish selling largest holding to pay fees
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Posts: 434 Forumite
Does anyone know in Cavendish/FundsNetwork if it's possible to nominate from which holding it should deduct ISA fees? I have a healthy balance in ISA Cash Park, but for some reason it keeps selling small chunks of my largest holding to pay the fees. I'd rather it didn't do that, because it pollutes my history and slightly devalues that holding. I can't seem to find a setting to tell it how to pay fees - is there some knob I can twiddle?
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Comments
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I solve the same problem on a different platform by making cash transfers into my cash account to prevent them having to sell holdings to put money into the cash account.
Can you do the same with Cavendish?0 -
When I was with Cavendish I was able to nominate another holding for them to deduct the fees from. I just had to send them an email to ask (no knob to twiddle!).
For some reason they can’t deduct the fees from your cash balance (this was 2 years ago - so it may have changed), so I solved the problem by purchasing a small holding of the Fidelity Cash fund and nominating that for fee deductions so that my other holdings were unaffected.0
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