Hargreaves Lansdown v Lloyds Share Dealing

ian-d

Anyone made a comparison between the two, or prefer one over the other. Looking to use either/or for ISA investments. Fees appear similar depending on amount, HL charge 0.45% admin on the value of the holding, where as Lloyds is £20 per 6 months. There are no fund purchase charges with HL, but Lloyds charge (I think) £1.50. The funds I'm interested in are the same regardless, 0.22%, so it seems to come down to which is better to use, and maybe safer in terms of a place for my money?

masonic

It will come down mostly to how much you have to invest. HL will be cheaper for smaller balances, but expensive for large ones.

Charles Stanley Direct vs iWeb would be a better pair to weigh up.

Audaxer

ian-d wrote: »

Anyone made a comparison between the two, or prefer one over the other. Looking to use either/or for ISA investments. Fees appear similar depending on amount, HL charge 0.45% admin on the value of the holding, where as Lloyds is £20 per 6 months. There are no fund purchase charges with HL, but Lloyds charge (I think) £1.50. The funds I'm interested in are the same regardless, 0.22%, so it seems to come down to which is better to use, and maybe safer in terms of a place for my money?

If you are going to put a large amount into one fund (as I think your other post indicated) and not make many other trades you are best going for a fixed fee platform. I went for Halifax Share Dealing which only charges a £12.50 a year platform fee, and then £12.50 for each trade.

Malchester

I was with Hargreaves Lansdown but they became very expensive however they were willing to do 'deals' with some investors to reduce the cost, but not me, so I went elsewhere and transferred my investment

ian-d

Thanks all, for now I've figured I will give HL a go on my LISA, because lets face it, there isn't many places you can house one, and the rates aren't significant on such small amounts. I am impressed with both their web and phone based software, so that is a good start. Does take them a few days to reply to messages though; should just phone them with queries!

masonic

If you can build a portfolio from ETFs, investment trusts (and shares if needed), then your charges will be capped at a fairly reasonable level.