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Leaving cash in Fidelity platform for fees
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Sorry, my comment was for a different case: once you have one client account above the £250K, then you can pass the reduced fees on to family members.
Are you sure about that? My husband and I both have SIPP's with Fidelity that together total over the £250K limit for the lower discounted platform rate of 0.20% but we don't get that.They do consider the accounts together for the discounted fees; and will even include relative's accounts.
Originally posted by Reluctantpensioner0 -
If you have income producing funds in your portfolio wouldn't the income, especially if monthly, cover the charges? If enough.
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No, unlike other platforms I use (iWeb and YouInvest). Fidelity gather all income payments into one lump and pay it at the end of the month. Then sell holdings of whatever is your largest holding to pay the fees. This really winds me up: with SIPP, ISA and dealing accounts for self and wife, the number of transactions ( charges are monthly rather than quarterly!) became horrendous, and was one reason I moved from fidelity.0
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