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Alternative 'funds supermarket' to Cofunds and Fidelity?
chris1
Posts: 582 Forumite
Does anyone know of an alternative 'wrapper' or 'fund supermarket' for ISA funds, like that provided by Cofunds and Fidelity Fundsnetwork (where you can have funds from a range of providers under one wrapper)?
Thanks
Thanks
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Comments
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Thanks Wombat, I'd forgotten about them.
Are there any others?0 -
Cofunds is for IFAs to use with their clients. You wouldnt use them if you were going DIY.
Transact, Selestia, Standard Life and Scottish Widows operate fund supermarkets to varying degrees (Scot Wid is currently restricted to pensions. Standard Life is a small one)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
iii.co.uk is another fund supermarket. Never used them, so can't comment further.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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Smile also operate a funds supermarket, but initial charges are still quite high.0
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After looking at all of these over the past few years I have concuded that none offers the discounts that Hargreaves Lansdown does. I did once ask The Share Centre if I could buy an ISA through them and if they would match HLs initial charge discount and they said they would. For some reason I did not pursue it but can't remember why. You could have a look at them. I just have a few shares with them. They are a reputable company that has been around a long time and also, they give advice unlike HL.0
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Smile also operate a funds supermarket, but initial charges are still quite high.
Smile use Fidelity Funds network and the charges are high for an execution only provider.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I use the share centre to hold shares outside of my ISAs. You can hold a mixture of shares and funds in their "share account". You can get advice from them for free on what funds to buy, then go off and buy them from H-L at a better discount and with the commission on annual charges :rotfl:They use the co-funds platform, so this is a way into that if you don't want to pay for advice -- I don't know how many funds are on co-funds.
They will sometimes match the discount on initial charges (not always) but you don't get the rebate commission.
They are very good for shares though -- well I would say that as I have some shares in them!
David.0
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