ISAs - Stocks

DebraUK

Hello everybody, I just joined and it's nice to be here.


Now that the deadline has passed for the new financial year I wanted to understand which provider people are using for stocks - my husband and I are DIY investors (who wants those outrages advisery fees!) and we hold a diversified basket of ETFs, mainly vanguard.


We're currently using HL - but I have heard great things recently about interactive investor.


There is also the iWEb option by Halifax, but the website looks so dated that I don't want to touch it!


We'd like to know which platforms people are using to DIY and what kind of fees to expect. Always good to review your financial position yearly and we're taking proactive steps towards this.


Thank you.

Aidanmc

Hi Debs,
Switched from HL to AJ Bell a couple of years back as they were offering to pay transfer fees at the time. They charge 0.25% management fee for funds in Isa, £1.50 to buy and sell funds. They are not the cheapest out there but nearly half of HL. There website is good.
The switch from HL to AJ Bell took around 3 months total....long time really!
All said, i'm considering transferring again, I-web as u say looks dated and limited range of products but seem to be the cheapest with zero ongoing fees. Would suit lump sum investor rather than regular investor.
If you mainly have Vanguard ETFs maybe you could switch to vanguard Investor uk, fees 0.15%.

Prism

Hi, and welcome to the forums

I currently use AJ Bell YouInvest for my SIPP and one of my ISA's. Great for investment trusts and ETFs due to the charging structure

I did a transfer of an Aviva personal pension to a SIPP last year and it took one day to complete. Transfer as cash seems to be the best option if you want it done quickly

AnotherJoe

I have just initiated switch from ii to HL, because HL dont charge to hold shares whereas otherwise I'd be paying £120 a year to II for the couple of long term shares i hold. (and thats all i have with them)

You'd have to do the sums on how often you traded as to what worked out best for you, ii do give you a trading credit each month I believe. But I will be holding these shares for a while and just selling them off occasionally, probably once a year, so even with HL's charges for selling they will be far cheaper than ii for me. Probably more than £100 a year cheaper.
This BTW is a "bare" trading account not an ISA. Not sure how the ISA fees are but HL are very good at capping fees of ETFs and shares.

DrSyn

1. Do you know about? :-

https://monevator.com/find-the-best-online-broker/

https://monevator.com/compare-uk-cheapest-online-brokers/

2. As you hold Vanguard, have you taken a look at their own website? :-

https://www.vanguardinvestor.co.uk/investing-explained/investment-account-types


3. Off topic, I thought this might be of interest to you:-

https://www.ifa.com/indexfundsthemovie/


Hope the above is of some help.

jimjames

iWeb might look dated and have less functionality but it depends if you are happy with that to access the low dealing rates and no annual fees. Personally I'll live with it for the savings it gives me

capital0ne

DebraUK wrote: »

We're currently using HL - but I have heard great things recently about interactive investor.

There is also the iWEb option by Halifax, but the website looks so dated that I don't want to touch it!

ii are just about to change their pricing structure - and it's not good, so I'll be out.

I also use iWeb - it's rrally good, dated is good because it's proven tech.

Don't make your decision on how good the web interface looks - just on the functionality. iWeb allows you to buy and sell, gives a good view on your investments and divis, and is really easy to use.

The choice is yours, and oh yes iWeb is good value

Alexland

+1 for iWeb or Halifax Share Dealing depending on your trade pattern. Yes it looks dated but it does the job nicely and you are primarily investing to make a profit so keep those fees as low as possible.

Aidanmc

Nice to hear positive reviews for I-Web, cheap and cheerful!

ruperts

Vanguard Investor for me. Cheap, enough selection to do the job I want from it, and what with their low cost product culture, hopefully will always be at the cheaper end of the market, if not the cheapest. Perfect for fire and forget investing.

ColdIron

Alexland wrote: »

+1 for iWeb or Halifax Share Dealing depending on your trade pattern. Yes it looks dated but it does the job nicely and you are primarily investing to make a profit so keep those fees as low as possible.

I don't think it looks especially dated, if you've ever used Bank of Scotland's online banking it will be (unsurprisingly) immediately familiar. Otherwise I agree, ideal for long term buy and hold