One more IT for this years ISA...

bowlhead99

Yes it was just my initial thought on your earlier reply, which went around my head along the lines that: Fidelity doesn't usually work out to be the cheapest provider of stockbroker/ platform services at either the low end or the high end of the scale of assets that people might under administration, so why should 'not being able to get something on Fidelity' be a barrier... just change the Fidelity to something else.

Maybe you had some sort of introductory offer when signing up with Fidelity which you have to give back if you leave them early? Otherwise not sure why it would be 'quite likely' you'll not be with them next year but want to be with them now?

rathernot

It's through Cavendish so it's 0.25%.

When you go look at who could be cheaper it gets interesting.

IWEB for example are really cheap but they don't offer Lindsell Train, if they did I think I'd be with them.

As you say I could just open a new ISA somewhere else in April but it's damned annoying to have to play musical chairs or juggle multiple accounts just to get the investments you want.

rathernot

Oh Fidelity cap IT fees at £45 which can be good when you have a big pot of ITs.

ArchBair

rathernot wrote: »

Oh Fidelity cap IT fees at £45 which can be good when you have a big pot of ITs.

Yes, Fidelity are excellent for ISA and SIPPS for IT's because as you say the fees are capped at £45 per annum and in the case of SIPPS they also have no drawdown charges or set up fees which adds value. For GIA there are no fees for IT's.

Maybe you should consider selling Fundsmith and LT and reinvest in a global IT such as Monks?

StellaN

ArchBair wrote: »

Yes, Fidelity are excellent for ISA and SIPPS for IT's because as you say the fees are capped at £45 per annum and in the case of SIPPS they also have no drawdown charges or set up fees which is adds value. For GIA there are no fees for IT's.

Yes, I have a SIPP with Fidelity but only hold IT's so its excellent value and as you mentioned the additional bonus is there are no drawdown charges which is very unusual. I don't think any other platform offer these rates for just holding IT's in a SIPP but I could be wrong?

rathernot

ArchBair wrote: »

Yes, Fidelity are excellent for ISA and SIPPS for IT's because as you say the fees are capped at £45 per annum and in the case of SIPPS they also have no drawdown charges or set up fees which is adds value. For GIA there are no fees for IT's.

Maybe you should consider selling Fundsmith and LT and reinvest in a global IT such as Monks?

Still looking at global options but Fundsmith and LT are two I specifically want and I'm not going to change my investments on the basis of £50 or so a year in fees (worst case) when the difference in return could and should be worth significantly more than that

Suspect I'll end up with Interactive Investor as their annual fee is less than I'd be paying with Fidelity plus they seem to carry everything I've looked into.

forextc

I'm sure the OP won't be too worried about spending a bit more on the platform, given that he's happy to pay over the odds for the assets held in the ITs.