Investing in shares (Hargreaves and Lansdown)

jimjames

KingLouie wrote: »

Wowza. That's some decent fundage you've got going on there. So you pay for HL to hold your ISA of 225k?

I have an ISA with HL but have moved most of the funds away from them. iWeb might not have the most functional or pretty website but there is no annual fee after you've paid the initial setup. That's saving me £800+ per year compared to being with HL.

bigadaj

jimjames wrote: »

I have an ISA with HL but have moved most of the funds away from them. iWeb might not have the most functional or pretty website but there is no annual fee after you've paid the initial setup. That's saving me £800+ per year compared to being with HL.

Just opened a sipp with iWeb, as no opening fee.

How have you found them, transferred unwrapped and isa funds into Halifax share dealing earlier this year, basic as you say but no issues and savings of hundreds of pounds a year and use trustnet for analysis and tracking in combination with excel.

I know costs isn't everything, just read the iii thread for the pitfalls, but basic cheap service works for me.

slowpoke_rodriguez

bigadaj wrote: »

Just opened a sipp with iWeb, as no opening fee.

.

Who does have an opening fee?

bigadaj

slowpoke_rodriguez wrote: »

Who does have an opening fee?

iWeb have a fee of £200 for account opening now, as their holding and trading costs are quite low. This apples to their share trading and is a accounts but not their sipp.

jimjames

bigadaj wrote: »

Just opened a sipp with iWeb, as no opening fee.

How have you found them, transferred unwrapped and isa funds into Halifax share dealing earlier this year, basic as you say but no issues and savings of hundreds of pounds a year and use trustnet for analysis and tracking in combination with excel.

I know costs isn't everything, just read the iii thread for the pitfalls, but basic cheap service works for me.

I've found them fine. Did you already have an account with them hence didn't need to pay again? I opened before the recent fee hike but even with that at £200 it's still massively cheaper for larger portfolios.

chucknorris

KingLouie wrote: »

Wowza. That's some decent fundage you've got going on there. So you pay for HL to hold your ISA of 225k?

And what is SIPP?

How did you get into investing via shares? Have you had much success in it?

I first got into equities because in order to take advantage of the full ISA allowance, you used to have to take out a stocks and shares ISA, you don't have to now, but I was happy enough with my experiences back in those days, which led me to invest further.

It is mostly in HL, I have been slowly moving to HL from Fidelity for just over a year, I've also got non tax wrapped ETF's with HL also. I don't have great expectations to make much capital gain above inflation (but any is obviously welcome), I am merely looking for a reasonable return of tax efficient dividend income as part of my portfolio.

If you start here and follow the links it will explain about what a SIPP is:

http://www.hl.co.uk/pensions/sipp/what-is-a-sipp

bigadaj

jimjames wrote: »

I've found them fine. Did you already have an account with them hence didn't need to pay again? I opened before the recent fee hike but even with that at £200 it's still massively cheaper for larger portfolios.

No, the fee is waived on the sipp. As you say £200, whilst being annoying, isn't much as a percentage of any reasonable sized portfolio.

The sipp is actually operated by aj bell but nominally an iWeb account.

slowpoke_rodriguez

bigadaj wrote: »

No, the fee is waived on the sipp. As you say £200, whilst being annoying, isn't much as a percentage of any reasonable sized portfolio.

The sipp is actually operated by aj bell but nominally an iWeb account.

Why not just use AJ Bell then? Cheap charges and no opening fee.

bigadaj

slowpoke_rodriguez wrote: »

Why not just use AJ Bell then? Cheap charges and no opening fee.

Because it's cheaper through iWeb given the sums involved and projected number of trades.