Smithson Investment Trust

cogito

Linton wrote: »

https://www.hl.co.uk/shares/shares-search-results/s/smithson-investment-trust-ord-gbp0.01

I've received an email from HL inviting me to subscribe.

schiff

I've gone with A J Bell/Youinvest. Opened an account today. It's a tight schedule but it could go OK. AJB were very helpful on the phone. Phone quickly answered and English voices, ideal if phone conversations about complex issues are a bit tricky due to hearing problems

TUVOK

Can any one inform me what the charges for purchasing and holding the new Smithson IT would be, it would be a non ISA holding.
Thank you.

badger09

TUVOK wrote: »

Can any one inform me what the charges for purchasing and holding the new Smithson IT would be, it would be a non ISA holding.
Thank you.

That depends where you buy it:cool:

bowlhead99

TUVOK wrote: »

Can any one inform me what the charges for purchasing and holding the new Smithson IT would be, it would be a non ISA holding.
Thank you.

Which broker / investment platform do you want to purchase and hold it for you?

TUVOK

By investing directly with Smithson and how that would compare to HL?
Would there be an appreciative saving?
Thank you.

TUVOK

I've found out that the annual management charge for the Smithson fund will be 0.90% when bought and held directly with them.
Has any one determined what the HL charge would be held in their Vantage account?

bxboards

TUVOK wrote: »

I've found out that the annual management charge for the Smithson fund will be 0.90% when bought and held directly with them.
Has any one determined what the HL charge would be held in their Vantage account?

The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 5 years assuming 5% growth rate.

Investment £5,000.00
HL charges £133.85
HL management charge 0.45% £121.90
Investment charges £337.95
Net initial charge 0% £0.00
Ongoing charge 1.1% £297.27
Transaction costs £40.68
Incidental charges £0.00
Total charges over 5 years £471.80
Average annual charge 1.74%
Illustrative 5 year value £5,851.19
Illustrative 5 year value with no charges applied £6,381.41

Prism

TUVOK wrote: »

I've found out that the annual management charge for the Smithson fund will be 0.90% when bought and held directly with them.
Has any one determined what the HL charge would be held in their Vantage account?

HL don't charge for holding shares or investment trusts in a Fund and Share account. They charge 0.45% capped at £45 per year in an ISA. Then you have the same annual management charge as above of 0.9%

TUVOK

Thank you for that information, this no advantage in investing directly in the Smithson site.