Vanguard funds

jayship

I understand that we can buy Vanguard funds directly rather than an intermediary platform where you incur additional platform charges. eg. HL .45%.


Is their any benefit to use various platform. Pros and Cons please.

rathernot

Pro is it's cheap and simple.

Con is you can only choose from Vanguard funds on the Vanguard platform.

ColdIron

You can buy Vanguard funds via Vanguard Investor but you still incur a platform charge of 0.15% and for some people this is not necessarily the cheapest. The obvious problem with Vanguard Investor is that you are restricted to what vanguard sell, so no company shares or investment trusts and a limited selection of funds and ETFs. Vanguard do not as yet provide a SIPP

bostonerimus

Vanguard's lack of a SIPP is an issue. Only being able to buy Vanguard funds isn't an issue in my opinion. There is ample choice with just Vanguard funds for the vast majority of portfolios. You don't need any more choice despite what the marketing departments of the fund industry say.

Vanguard is inexpensive and simple with good tools. There are alternatives, but for an ISA it's a good choice.

cashbackproblems

I buy Vanguard directly with them and its the cheapest way. If you want other funds you can simply have another a/c elsewhere

ColdIron

For infrequent traders with larger portfolios iWeb is cheaper with 0% annual fee and £5.00 dealing charge. If you have an ISA with Vanguard Investor you can't split your annual subscription between multiple accounts. Horses for courses

Iain_For

A pro, for me, that is also common to some other platforms, but by no means all, is zero cost of making regular withdrawals. As someone approaching retirement, I needed a platform where I can easily set up regular ISA withdrawals at some point in the next few years.

jayship

Thank you to forum members for their input. I use HL platform for fund investment but wanted to invest a couple of grand in Vanguard funds directly to avoid .45% platform charges.

I have not used any of my ISA allowance for the current year. Will have to decide which fund. Probably 60:40 Life Strategy but cant decide.