How long until fund appears in my account?

Blackavar

Hi. I opened a S&S ISA last year and during the past few years have been learning as much as I can about investing and use this forum along with the recommended sites to educate myself. This ISA is also a training ground for me prior opening a SIPP in a couple of years with a much larger amount when my pensions finish.
I am currently using IWeb as the platform although will open another with another provider next year.
I appreciate that this is a cheap and cheerful platform but wondered how long is the norm between placing an order to the funds appearing in my account. It seems to take about 4 days which means that I Am buying at an unknown price and I am not invested as quickly as I would like. Are the platforms with higher charges quicker on this as I would be happy to pay more for a better service.
Thanks for any input.

System

If you want to know the price that you are paying when you buy then you could use exchange traded funds (ETF) or investment trusts (IT). It has always amazed me that people buy funds without knowing the price that they are paying!

badger09

In my experience, IWeb are not slower than those with higher charges, eg Hargreaves Lansdown.

I use both;)

lpgm

Blackavar wrote: »

...wondered how long is the norm between placing an order to the funds appearing in my account. It seems to take about 4 days

If you're buying a fund that the fund manager prices at noon, and you give IWeb your order by 11:15, then you should see the fund in your account the next day, around 9am. If not, it'll be later.

[Deleted User]

Hi,


fund buy/sell prices are dealt at noon.


Not like selling a share, where you get an instant price.

lpgm

[Deleted User] wrote:

fund buy/sell prices are dealt at noon

Not all of them. But yes, it's once a day.

[Deleted User]

Hi


Unit Trusts and Oeics are dealt at noon, may be, that Investment Trusts are different.

lpgm

Some Vanguard funds are priced at 9pm. Like this one: http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/v/vanguard-ftse-developed-world-ex-uk-equity-index-accumulation. In which case, the OP might not see the fund in their account the next day.

ColdIron

[Deleted User] wrote:

Unit Trusts and Oeics are dealt at noon

Most are but many are not. obvious examples are Vanguard's Lifestrategy at 9:00 and Lindsell Train UK equity at 10:00

may be, that Investment Trusts are different.

Shares are traded on an exchange so are priced at the point you buy or sell