Transfer from Vanguard to iWeb

badger09

wmb194 said:

dllive said:

masonic said:

It's unusual to use zero, normally if no value is known, they take the value on the date of transfer. For reasons discussed above profit/loss is almost always wrong, so being so obviously wrong could be a benefit. If it was a non-ISA account it might be more of a problem, but you should never rely solely on your provider's summary of profit/loss for CGT calculations.

This is the second time Ive transferred from Vanguard to iWeb. Both times the Cost Per Share is 0. Vanguard say they never pass-on the Unit Price (which seem bizarre in itself. I would have thought they would pass over the average price per unit!). As you say, the obvious thing for iWeb to do is take the price on the date of transfer. So unless Ive been unlucky, and for some reason they just havnt for on these 2 occassions, the Unit Price would show zero on every transfer.

As ever, its too much to ask Vanguard to deal with iWeb regards this, so Im stuck in hte middle. They both seem incredulous that I would want to know the Unit Price of the transferred funds, thereby knowing the profit/loss. 

Why don't you keep track yourself in something like MS Money? I rarely pay attention to anything my brokers state in relation to gains and losses.

I haven’t used MS Money but continue to monitor the performance of my S&S ISA, xferred many years ago from Hargreaves Lansdown to IWEB, in the HL app. 

dllive

Im curious @badger09 - when you transferred did your Cost Per Share show zero too? As well as your Profit/loss column? (I presume so if you have to track gains via the HL app)

badger09

dllive said:

Im curious @badger09 - when you transferred did your Cost Per Share show zero too? As well as your Profit/loss column? (I presume so if you have to track gains via the HL app)

To be honest, I can’t remember. 

I opened S&S ISA & SIPP with HL in March 2013 & transferred the ISA to IWEB in Feb 2014.
I already held S&S ISA with Scottish Widows, which I xferred as cash to IWEB in 2015, & some single company shares.  
As a post retirement hobby I started keeping a detailed spreadsheet so didn’t rely on the providers. I now find it very convenient to track all my investments through the HL app even though only my small SIPP is held there.