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Hargreaves Lansdown v Lloyds Share Dealing

ian-d
Posts: 371 Forumite
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?
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Comments
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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.0 -
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?0
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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 investment0
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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!0
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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.0
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