Jarvis share deal active

Glen_Clark

Thrugelmir wrote: »

I have used x-o for the past 3 years (SIPP and ISA). Their ISA has no annual charge. Straightforward website with no frills. Flat rate of £5.95p a trade. Very satisfied with service.

When you ask them to sell, transfer the money to your ISA, and repurchase they only charge for one trade.

aroominyork

Since I invest in funds, it looks like I should put our ISAs in iWeb (£25 one off) and SIPPs in iii.co.uk (£120 pa), though maybe keep my wife's £30k SIPP at HL for now as it's the only one offering Sanlam and £30k x 0.45% = £135 only adds £15 pa. And if we abandon HL completely and I do not like the Watchlist functionality of iWeb or iii I open a GIA at HL and keep a few quid in it.

So two questions. 1) Is there anything wrong with that logic? 2) Can you run a dummy Watchlist in HL to track your investments if you do not have a live account with them?

Alexland

aroominyork wrote: »

Since I invest in funds, it looks like I should put our ISAs in iWeb (£25 one off) and SIPPs in iii.co.uk (£120 pa)

The II SIPP cost is in addition to the £22.50 quarterly charge so the total cost would be £210 per annum but you would accumulate £90 trade credit across the year with regular fund trades only using £1 of credit.

If you are going with II on the SIPP then on a purely fees basis it might also be worth having your ISA with II for no extra charge (and you can use your quarterly trade credit for both accounts) however be careful not to concentrate too high a proportion of your wealth into one provider.

Alex

Glen_Clark

aroominyork wrote: »

1) Is there anything wrong with that logic?

Why pay recurrung charges for retail funds when you can maintain ETFs for free?

aroominyork

Alexland wrote: »

The II SIPP cost is in addition to the £22.50 quarterly charge so the total cost would be £210 per annum but you would accumulate £90 trade credit across the year with regular fund trades only using £1 of credit.

If you are going with II on the SIPP then on a purely fees basis it might also be worth having your ISA with II for no extra charge (and you can use your quarterly trade credit for both accounts) however be careful not to concentrate too high a proportion of your wealth into one provider.

Thanks, Alex. I hadn't noticed II has a £22.50 pq platform charge as well as £100 pa SIPP charge. Their ISA page (www.iii.co.uk/isa) mentions a £22.50 pq charge which I though was for the ISA but from what you say I assume is the platform charge, with no additional charge for holding an ISA. Is that correct?

I’d happily use only II and not bother with iWeb as the latter does not offer three of my nine OEICs (Lindsell Train UK, Baillie Gifford Global Alpha Growth and Liontrust UK Smaller Companies (Acc)), so I’d have to do less rearranging of which OEIC I hold where.

ivormonee

I had the same problem with iWeb - they didn't have all my ETFs on their platform, so had to go elsewhere. They may be cheap but it seems choice of both funds and ETFs has limitations.

aroominyork

iWeb told me (by phone) that they access the market through Cofunds which determines what funds they offer. It's curious that Cofunds don't offer as popular a company as Lindsell Train; presumably they could not agree on commission rates?

bowlhead99

aroominyork wrote: »

iWeb told me (by phone) that they access the market through Cofunds which determines what funds they offer. It's curious that Cofunds don't offer as popular a company as Lindsell Train; presumably they could not agree on commission rates?

LT are happy to have their standard clean class offered by whichever platform wants to offer it. IWeb and cofunds have their own policies on what they'll carry.

There are a number of non-UCITS investment funds they won't let you buy, including a few pretty popular ones.

Lindsell Train's UK Equity fund comes up here from time to time as being impossible to buy from IWeb, as does their Global Equity which is also NURS (and also non-UK domiciled just to give them another reason to not carry it).

https://forums.moneysavingexpert.com/discussion/comment/68067782#Comment_68067782

https://forums.moneysavingexpert.com/discussion/comment/67790914#Comment_67790914

Alexland

aroominyork wrote: »

Thanks, Alex. I hadn't noticed II has a £22.50 pq platform charge as well as £100 pa SIPP charge. Their ISA page (www.iii.co.uk/isa) mentions a £22.50 pq charge which I though was for the ISA but from what you say I assume is the platform charge, with no additional charge for holding an ISA. Is that correct?

Yup when you download their fees PDF is makes it pretty clear the £22.50 is the fee to have an account with them before you choose the wrappers you need. The £100 is plus £20 vat. I agree their SIPP product page is a bit misleading.

Alex

quaybab

Jarvis IM is advisable only for sophisticated and experienced traders.
Any problems with their systems are put down to the market, other providers, 3rd parties, you, etc.
This is an operational decision and they predict this will cause trouble as none of their personal letters or emails have names of any staff members on them.

Don't know why they operate so many brands but behind them all is Jarvis IM and the same system.