Coolly Comparing Investment Platform charges - SnowMan's spreadsheet

schiff

TY - that is and will be very useful. A lot of studying to do!

I've really fallen for Youinvest for its clarity of lay out, compared with Aegon and Fidelity. I've seen some parts of its website but hadn't stumbled on that!

schiff

Alexland wrote: »

Ask them to provide details of their charges.

Alex

Thank you. These are the figures for the Aegon S&S ISA, value about £22K:

Aegon Annual Charge £49 - equal to 0.23%, so very similar to Youinvest.

Intermediary Charges £42 - as Seymour Sinclair do nothing for me apart from being an intermediary I assume I can save this by moving the ISA to Youinvest or another?

'Total investment charges £202' - I assume these are internal to the investments themselves and that I can't do anything about them?

jaybeetoo

SnowMan wrote: »

I've uploaded version 34 of the platform comparison spreadsheet into the first post.

SnowMan, when I download and open the spreadsheet in Excel, I get an alert followed by "We found a problem with some content in ’Platform charges v34.xlsx’. Do you want us to try to recover as much as we can? If you trust the source of this workbook, click Yes.".

After I click Yes, I get "Excel was able to open the file by repairing or removing the unreadable content.".

Alexland

schiff wrote: »

Thank you. These are the figures for the Aegon S&S ISA, value about £22K

£293 pa of costs on a £22k investment is over 1.3% pa which is not cheap.

Alex

schiff

Alexland wrote: »

£293 pa of costs on a £22k investment is over 1.3% pa which is not cheap.

Alex

But am I right that these are built in to the investments, so I can't do anything about them, wherever I moved them to? :

"Total investment charges £202' - I assume these are internal to the investments themselves and that I can't do anything about them?"

Alexland

Different investments have different management fees and internal transaction costs.

For example have a look at the below PDF of Vanguard's cost disclosure. Their platform fee is 0.15%, LifeStrategy 80 fund management fee is 0.22% and declared transaction costs are 0.10% - so 0.47% total. It would be even cheaper if you held £22k on iWeb and never traded as they have no ongoing platform fee.

https://www.vanguardinvestor.co.uk/content/documents/legal/vanguard-full-fund-costs-and-charges-2018.pdf

Alex

SnowMan

jaybeetoo wrote: »

SnowMan, when I download and open the spreadsheet in Excel, I get an alert followed by "We found a problem with some content in ’Platform charges v34.xlsx’. Do you want us to try to recover as much as we can? If you trust the source of this workbook, click Yes.".

After I click Yes, I get "Excel was able to open the file by repairing or removing the unreadable content.".

Thanks. Just tested by trying to download it and same thing happened to me.

Looks like something has got corrupted.

I've deleted and then re-uploaded the spreadsheet and it seems to be OK again.

schiff

Alexland wrote: »

It would be even cheaper if you held £22k on iWeb and never traded as they have no ongoing platform fee.

Alex

That looks good, especially as my activity won't be a lot! TY

Tom99

Just downloaded and getting the same error:


Removed Part: /xl/comments1.xml part with XML error. (Comments) Load error. Line 2, column 174.
Removed Part: /xl/comments2.xml part with XML error. (Comments) Load error. Line 2, column 175.


Maybe its my old copy of MS Office?

jaybeetoo

SnowMan wrote: »

Thanks. Just tested by trying to download it and same thing happened to me.

Looks like something has got corrupted.

I've deleted and then re-uploaded the spreadsheet and it seems to be OK again.

It works now - thank you! :beer: