Is a Vanguard Lifestrategy investment all you need

Vortigern

MonroeM wrote: »

My £40K S&S ISA account is with Fidelity at a charge of 0.35% however, I have been informed that if I change/switch to Cavendish it offers the same service and the same platform for 0.25%.

Does anybody know if this is right or has anybody done this switch/transfer from Fidelity to Cavendish?

Yes, it's right and yes, I've done it. There is no exit fee; you remain invested throughout the process. Your investments stay exactly as they are now, but Cavendish become your agent.

Eco_Miser

ColdIron wrote: »

You might want to check that link, it's spam

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Thanks, I dropped a trailing zero when copying.

10 year old spam not deleted yet!

bigadaj

ColdIron wrote: »

You might want to check that link, it's spam

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Those iPhones sound like a better investment.

pip895

Just a point of note. If you like the service and platform at HL and you have a reasonably large portfolio (say 100k +) - give them a ring. They can be open to negotiation and 0.25% is far better than 0.45%.

jdw2000

pip895 wrote: »

Just a point of note. If you like the service and platform at HL and you have a reasonably large portfolio (say 100k +) - give them a ring. They can be open to negotiation and 0.25% is far better than 0.45%.

Isn't that still more expensive than some fixed rates?


It does depend though on a range of other issues, such as how often you trade etc


As I said above, each person has a different set of circumstances. It's a pain the backside to do, but everyone should go through the process of evaluating their needs and seeing which is their best option. It is FAR easier to do this than to make the wrong choice and have to rectify it.

I spent a couple of days doing it. And even after you decide, it;s a whole heap of hassle getting your accounts switched over. It takes weeks/months.

moneyfoolish

I've seen it mentioned on here several times that Vanguard will allow their funds to be bought directly sometime in the future. Does anybody know if that is fact or just conjecture?

MonroeM

Vortigern wrote: »

Yes, it's right and yes, I've done it. There is no exit fee; you remain invested throughout the process. Your investments stay exactly as they are now, but Cavendish become your agent.

Thanks for that sounds great! Is it difficult to change because jdw2000 said it takes weeks/months and is a lot of hassle?

jdw2000

moneyfoolish wrote: »

I've seen it mentioned on here several times that Vanguard will allow their funds to be bought directly sometime in the future. Does anybody know if that is fact or just conjecture?

I have heard this mentioned in the comments section for an article on Monevator. It was also said that talk of the direct Vanguard service has been going on for a while now.

jdw2000

MonroeM wrote: »

Thanks for that sounds great! Is it difficult to change because jdw2000 said it takes weeks/months and is a lot of hassle?

If it's just an ISA then my estimate is it will take 2-3 weeks. If you just want your existing funds taken over, and the new platform accepts those funds, then your money will remain invested the whole time.

I'm in the process of switching sipp, isa and trading accounts. And of course, mistakes were made along the way (by TD), so mine is taking over a month.

Having just gone through this process, I can only reiterate what I've already said. You've got access to what the different platforms do and what their charges are. Identify the best one for you (which no one else on here can know) and then switch to your chosen provider (regardless how long it takes because it's the best one for you).

grey_gym_sock

i've had some ISA transfers take a few months. this was for transferring in specie (i.e. transferring the investments held, not just cash). though it's possible this is improving - i think some providers were supposed to be signing up to some new automated system for transfers?

however, it's not a lot of hassle if you can be phlegmatic, and take the attitude that it will arrive when it arrives. you could keep hassling both providers every week - which might or might not speed up the process - but why bother.