Execution only services and platform fees for ISAs

MattInvestor

I currently hold my investments both ISA and non-ISA online with IWeb, the low cost execution only service that offers many benefit including no annual platform fees.


I had wished to add a fund to my ISA that is not available on this platform but is available to UK investors in general. For the most part the IWeb platform is brilliant except when you have a query and then not so good as staff knowledge appears to fall a little short of where it should be. I am struggling to find another platform that is free of annual fees and wondered if anyone can advise.



Has anyone purchased an ETF for an ISA outside of the IWeb platform and then transferred the investment in? A fund paying dividends within an ISA cannot really be held off platform if the dividends are to be reinvested in due course into something else.


Thanks in advance to anyone who is able to advise.

Alexland

If iWeb do not offer if it's unlikely they will accept it being transferred in. Have you tried asking Jarvis X-O? When I made a similar email query they replied within 1 working day.

http://www.x-o.co.uk

Alex

Prism

How important is it that the platform is free rather than just capped. For ETF's and shares quite a few platforms are capped so for larger amounts the fee is small.

londoninvestor

Alexland wrote: »

If iWeb do not offer if it's unlikely they will accept it being transferred in.

From my discussions with Lloyds (part of the same Halifax Sharedealing infrastructure than iWeb uses), they will indeed not accept a transfer of a fund they don't offer trading in.