Which broker for a buy and hold S&S ISA?

RomfordNavy

Suggestions for which broker is best for a primarily buy and hold S&S ISA?

Unfortunately iWeb are out because I want to include some Lindsell Train funds which they refuse to allow.

masonic

How about X-O?

RomfordNavy

masonic wrote: »

How about X-O?

Do we know if they allow investment in Lindsell Train funds?

masonic

RomfordNavy wrote: »

Do we know if they allow investment in Lindsell Train funds?

Oh, I suppose you mean the open ended funds, X-O is only a broker, so only offers shares, investment trusts and ETFs only, and won't be suitable.

If you are holding a portfolio including open ended funds, then the value of your investments will determine the cheapest option.

Alexland

Best place to hold LTGE is Hargreaves Lansdown as they have the Class D units which have a discounted OCF at 0.54% which covers the usual HL platform premium and, of course, no fund trade fees. It's no coincidence that Nick Train's funds own a chunk of HL so there is some mutually beneficial back scratching going on.

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/l/lindsell-train-global-equity-class-d-income

RomfordNavy

Alexland wrote: »

Best place to hold LTGE is Hargreaves Lansdown as they have the Class D units which have a discounted OCF at 0.54% which covers the usual HL platform premium and, of course, no fund trade fees. It's no coincidence that Nick Train's funds own a chunk of HL so there is some mutually beneficial back scratching going on.

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/l/lindsell-train-global-equity-class-d-income

I wonder if this might explain why Lindsell Train persist with their somewhat akward stance of refusing to remove the (unused) Entry Charge?

RomfordNavy

Although iWeb may be a good (cheap) place for buy and hold funds it is not perfect for other uses. Just discovered another negative when trying to buy some shares there, there doesn't seem to be the normal bid and offer prices just a mid-price quoted. Also had some difficulty working-out how to place a Limit order, eventually discovered they describe this as a Trade-plan, which it turns out is yet another additional charge which wasn't made clear in the beginning. I am beginning to think paying the charges at HL or similar might be a better option.

Alexland

Placing limit orders isn't proper investment anyway.

Don't buy something you wouldn't be happy to hold regardless of the price movements.

Alex