Closure of Fidelity CashManager Account

dalbum

I received a letter in the post this morning stating that Fidelity will be closing my CashManager Account on 2 November. The account is being withdrawn as too few customers are using it.

I use their CashManager Account to pay my Cavendish fees rather than having the fees taken from funds within my ISA.

Any suggestions how best to now manage my Cavendish/Fidelity fees?

Linton

dalbum wrote: »

I received a letter in the post this morning stating that Fidelity will be closing my CashManager Account on 2 November. The account is being withdrawn as too few customers are using it.

I use their CashManager Account to pay my Cavendish fees rather than having the fees taken from funds within my ISA.

Any suggestions how best to now manage my Cavendish/Fidelity fees?

Fidelity only seem to support monthy selling of small bits of your largest holdings to pay their fees. I talked to their support line who could offer nothing else. This makes keeping spreadsheet or Ms Money records of holdings a pain. For this reason I am transferring my large Fidelity ISA elsewhere.