New AJ Bell Youinvest charges

dougzz

sorcerer wrote: »

I will be sticking with them for the time being, but only because the cost of moving will cost me 1000s of pounds. But I am going to change my tactics and buy more investment trust in future, to stop the charges getting even more out of control.

Surely it makes more sense to change your provider than your strategy?

EdGasket

Thrugelmir wrote: »

Buy the shares then. :cool:

That is not possible; A J Bell are a privately owned company.

EdSwippet

EdGasket wrote: »

That is not possible; A J Bell are a privately owned company.

Apparently it is possible for a select few:

AJ Bell attracts £21 million Woodford investment
...
AJ Bell, the provider of online investment platforms and stockbroker services, is pleased to announce a £21 million investment from funds managed by Woodford Investment Management (together the “Woodford funds”).
...
£13 million is being invested by CF Woodford Equity Income Fund, which seeks attractive long-term returns through investment in quality companies that can deliver sustainable dividend growth. A further £8 million is being invested by Woodford Patient Capital Trust Plc (LSE: WPCT), the investment trust that offers investors Woodford’s high conviction blue-chip ideas and aims to identify the best, untapped growth opportunities to deliver exceptional long-term returns.

All very nice and cosy, isn't it?

talexuser

Well, seeing I'm leaving, he's made a bad decision because profits will be down...
Doh!... I'm in Woodford :eek:

yaddayadda

EdGasket wrote: »

or x-o no annual charge and £5.95 per trade; ISA or dealing only; no SIPPs.

I've also been looking at X-O since the price hike was announced - any other good options for low volum share dealing. Seems to me that having no platform charge likely suits my needs best...

grey_gym_sock

yaddayadda wrote: »

I've also been looking at X-O since the price hike was announced - any other good options for low volum share dealing. Seems to me that having no platform charge likely suits my needs best...

see the other thread: https://forums.moneysavingexpert.com/discussion/comment/71173339#Comment_71173339

grey_gym_sock

talexuser wrote: »

Well, seeing I'm leaving, he's made a bad decision because profits will be down...

don't assume youinvest will be losing business just because a lot of posters on MSE are unhappy: we are outliers in terms of how much we work on cutting costs.

talexuser

Maybe made a decision that high value fund customers are in their minority, or likely to be apathetic to do much about it, and lower value customers are the area to be competitive in, maybe with a downturn or flatline for the foreseeable?

GiacomoP

Hi all,

I was about to open an ISA with AJ Bell Youinvest when I found out about the new charges.
Now I'm wondering what are the alternatives to AJ Bell. In some earlier posts I read about Lloyds ISA (that is way more expensive), x-o one (cheaper but you only trade UK securities), IWeb (which looks cheaper but charges 200£ straightaway and there is no guarantee the 5£ commissions won't be raised in the future) and Hargreaves Lansdown (just too expensive).
I think that, for a small investor, Interactive Investors and TD Direct are closer competitors given their fee structure.
Can anyone share their experience with Interactive Investors and TD Direct in terms of customer service, quality of platform and trading execution?
I spent a decent amount of time searching for reviews of AJ Bell, III and TD with little success.

Thanks in advance

BananaRepublic

GiacomoP wrote: »

Can anyone share their experience with Interactive Investors and TD Direct in terms of customer service, quality of platform and trading execution?
I spent a decent amount of time searching for reviews of AJ Bell, III and TD with little success.

Thanks in advance

There is an ongoing thread about III in this forum, which is why I avoided dealing with them, and went for AJ Bell.

I have just transferred £70,000 to AJB, and I am looking to move it now. I also have £120K in ISAs with Fidelity which was going to AJB, but which now might not. It looks as if iWeb might be the best SIPP.