iWeb Platform

Sally57

I am currently thinking of changing my S&S ISA platform to iWeb. I know it's supposed to be a very basic platform for the cost but please can some forum members who use iWeb advise on what performance results they provide for the individual funds or IT's you are invested in? Is it just a total return or loss of the fund/ITor or also annualised returns?

jimjames

It's very basic and is just a total increase/decrease and percentage. If you transfer investments in it doesn't work either as there is no buy price.

Having said that, I'm very happy and am saving substantial amounts of money using them.

cloud_dog

I wouldn't base the choice on a dealing platform based on its analysis/breakdown or returns capability.

There are plenty of sites to do that on and some where you could create a dummy portfolio to mirror your actual investments.

bertpalmer

I use them and am happy.

I have a spreadsheet for ‘the stats’ - so I don’t need too much information from iWeb other than the basics.

talexuser

Been very good for me and saved a bundle of fees on large sums. Keep my own spreadsheet and use Morningstar, Trustnet and HL for info and analysis.

Sally57

I suppose you also have to take into account that with ACC units iWeb do charge a dividend reinvestment fee of 0.2 per cent or £5 maximum for each dividen reinvestment. Therefore, if you have dividends paid quarterly with IT's and you have substantial funds invested these costs can add up. Whereas, some platforms (Fidelity) do not charge anything for dividend reinvestment so iI suppose it's a case of working it all out on the sums involved.

eskbanker

Sally57 wrote: »

I suppose you also have to take into account that with ACC units iWeb do charge a dividend reinvestment fee of 0.2 per cent or £5 maximum for each dividen reinvestment.

Surely the whole point of ACC units is that they're automatically reinvested within the fund rather than needing to be done via the platform - if you want to go down the latter route then it's INC units you want.

And IWeb's dividend reinvestment charge is actually 2% not 0.2%....

http://www.iweb-sharedealing.co.uk/charges-and-interest-rates/stocks-and-shares-isa-charges.asp

talexuser

I have unbundled trusts with iWeb and prefer to automatically reinvest dividends as they come along. It costs me around £80-90 a year. I could save a little money with them by leaving cash stagnant and buying bigger chunks at a time, but not that much in comparison, and make it more difficult to compare performance of the trusts directly. It still remains much cheaper than having a cheap free reinvestment platform based on a % fee of all my holdings which would then be well into 4 figures a year. So it all depends on personal circumstances.

badger09

As others have said, a basic platform but it does what I need at a very low cost. I keep my own records anyway.

Best suited to a buy & hold, lump sum investor obviously.

sebthered

Works well for me & their service and comms are very good too!

yorkiebar

Another "works for me" post. I have ISA and SIPP accounts with iWeb and am happy with the cheap and cheerful offering.