Fidelity to Interactive Investor - Experiences??

Andy7856

Hi

I am considering moving ISA platforms to II, in doing so I would save circa £35 per month based on my average activities (ie regular fund investments and adhoc 'fine tuning')

Fidelity to their credit offer quite a powerful fund portfolio holdings analysis tool, so I can get quite a detailed break down on a portfolio level, which is a great help to steer me to my long term goals. Does II offer this also?

How detailed are any of the investment tools they offer? I realise its low cost platform, so expect some compromise on the tools available.

Has any Fidelity customers made this jump and what are their general thoughts.

Cheers! and happy new year!

ivormonee

If you are considering the comparative charges then it will depend on your level of activity. Fidelity charges a platform fee as a percentage of your portfolio value whereas Interactive Investor charges about a tenner a month regardless but you also incur a dealing charge although you do get a free one every month.

Albermarle

If you are considering the comparative charge

I think it is pretty clear that the higher % chargers like Fidelity ( and HL even more so ) are generally uncompetitive for S&S ISA's invested in OEICS/funds , like most ISA's are .
If the investments are in shares/ETF's/Investment trusts and/or in a SIPP ( especially in drawdown ) then the comparison can change.

IvanOpinion

I did this exact move at the beginning of this year. I actually moved my ISA from Fidelity and a SIPP from elsewhere to II. This was not about any bad feeling, but was purely about reducing fees. I cut my fess by over £100 per month. I am a buy-and-hold type of guy not a big trader so I am on the basic 'Investor' plan at £9.99pm which gives me one free trade per month .... plenty for me.

II has the x-ray analysis tool which gives you a similar (possibly better) breakdown of your investments. You can get a breakdown by allocation, style, sectors, stats, region, fees, performance and one that Fidelity does not have (or at least I have not found), overlap of holdings. You also get access to a virtual portfolio and up to 10 watchlists.

I use the watchlists to hold copies of my ISA and SIPP portfolios and then when looking to add holdings I try them in the watchlist first and use the x-ray tool to see how that will impact my overall holding (e.g. change to regions, sectors, overlap etc.).

While the Fidelity interface looks a bit more modern I actually prefer II for its simplicity and readability.

I have found the II secure messaging and help desk to be very helpful and they have quickly sorted out a couple of (self-inflicted) issues that I had.

While II does have graphing tools I often find myself using the Fidelity Investment Finder graphing tool for comparison (but you do not need a Fidelity account to access this). The II research seems to use the Morning Star 'engine'.

ivormonee

Whilst both Fidelity and Interactive Investor have a similar "x ray" type tool, which is provided by morningstar, the same tool is also available on the morningstar website. There is a free version and a paid for version. The disadvantage of the former is that you can't save your portfolio so it's only any good as a one off analysis, whereas the paid for version allows you to save your portfolio and analyse it to your heart's content whenever you like.


As a sidenote I don't know if any other platforms (AJ Bell, HL, etc.) have this tool, or an equivalent, but I'd be curious to know.

quirkydeptless

ivormonee wrote: »

As a sidenote I don't know if any other platforms (AJ Bell, HL, etc.) have this tool, or an equivalent, but I'd be curious to know.

HL has an X-Ray tool (Portfolio analysis). You can add up to 10 other investments to it which I use to use to X-Ray my whole portfoilio

It states "Please note we cannot currently X-ray Investment Trusts, Absolute Return funds or Exchange Traded Funds.", however it does X-ray all the the EFTs and Funds I hold there, although I don't hold any ITs.

sirarthur

I have a small SIPP with AJ Bell and they appear to use the Morning Star x-ray.

Alistair31

On AJBell, is there a way to X-Ray multiple accounts together, i.e SIPP, ISA and LISA ?

I mainly use the app and can only see the options to x-ray individual accounts.

Andy7856

No thats excellent, and was just the insite I needed. I have already done the fee crunching, and a move to II makes sense (based on my transactions).

My only concern would i lose some of the great tools (ie XRAY) Fidelity offers.

Cheers!