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Is price all that matters with platforms?
Comments
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It is not about price,but it depends on what you want
I use Haifax Share dealing - cheap as chips on a basic hold portfolo
I dont need the HL value added so don't choose to pay for it
I have a share dealing account that costs me nothing other than occasional transaction fees a few times a year,and an ISA with a base cost of £12pa.
There is no one answer on this.0 -
It depends on your own particular needs.
We use x-o (Jarvis) for isa`s holding ETF`s and investment trusts, but no funds are available. It`s £5.95 a deal and no charges other than £50 to close. We have had no problems over the years. Vanguard are cheap but only offer their own funds.
We use H-L Sipps for the £2880 in £3600 out "strategy". Keep just over £1000 invested for the long term to keep the account open and the rest in cash to withdraw each year.0 -
and II 150000 but could be wrong on the last one.0
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I don't think just platform management fee can be considered for selecting a platform:
* Some fund management fees are different between platforms
* Platform fees are structured differently, some more expensive when drip feeding investment
* Choice/range of funds is different between platforms
* Speed to do operations, support available etc. are important
* Size/business sustainability is important
In my case, I have some investment with HL and now a large portion directly with Vanguard.
Vanguard's fees are less, and there is no fee on purchasing/selling, so good for drip feeding investment. Main drawback of course is that they only have Vanguard funds, but fine by me.0
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