Decision: active v passive multi manager v nutmeg v DIY

Rollinghome

Tarquinius wrote: »

Before I take the plunge, are there any downsides with iWeb

Yes.

And upsides as there are with all platforms. Depends which matter to you.

Tarquinius

Rollinghome wrote: »

Yes.

And upsides as there are with all platforms. Depends which matter to you.

Thanks. Could I ask you to elaborate - particularly with regard to any downsides of iWeb? (or direct me to another thread or site?)



If I make the switch to iWeb I want to do so with my eyes open, and knowing what to expect.

zagfles

aroominyork wrote: »

Don't expect to be able to negotiate a discount on HL's 0.45%. A few people have managed it but it's an exception, not a rule. I tried to get a discount before moving my and my wife's accounts worth over £300,000 and they weren't interested.

Ours were less than that and we got 0.25%. But that was 4 years ago or so - did you try more recently? Or did you have a lot of shares/ETF's in that?

Thrugelmir

grey_gym_sock wrote: »

people buying S&P 500 trackers are agnostic about which shares in the index are best, and they end up driving up the prices of all shares in the index a little.

Three US fund management groups (between various individual funds) now control around 30% of Facebook. The inability to be nimble could ultimately be costly. When push comes to shove, and the shares derate.

MK62

Tarquinius wrote: »

Thanks. Could I ask you to elaborate - particularly with regard to any downsides of iWeb? (or direct me to another thread or site?)

If I make the switch to iWeb I want to do so with my eyes open, and knowing what to expect.

We have 4 family ISAs with iWeb and we haven't had any problems at all so far......apparently there are a few issues at the moment with certain dividend payments, but these are from the cofunds migration, so I expect that will be sorted shortly (and is very probably not really iWeb's fault).

I also have a SIPP, and while there's not actually been any issues, it's a bit clunky and quirky to operate compared to some other platforms, due I expect to the fact that the SIPP is administered by AJBell rather than in-house and it would seem to me that there is room to improve the interoperability there......but as I said, no actual problems though.

The website isn't as slick as some others, but it's perfectly serviceable, for me at least....it's not the worst I've used by any means. I've phoned a few times about the SIPP and the phone has been answered with only a small wait each time and the people I've spoken to seemed to be perfectly competent...not that the reasons for the calls were anything too complex though.

I've only made a few small withdrawals from two of the ISAs, but each has been processed with no issues.....

aroominyork

zagfles wrote: »

Ours were less than that and we got 0.25%. But that was 4 years ago or so - did you try more recently? Or did you have a lot of shares/ETF's in that?

A few months ago. No shares, one ETF, a couple of ITs and a handful of OEICs.

zagfles

aroominyork wrote: »

A few months ago. No shares, one ETF, a couple of ITs and a handful of OEICs.

It does seem like they've changed their policy since a few years ago...