We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Is price all that matters with platforms?

13»

Comments

  • Daniel54
    Daniel54 Posts: 842 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 31 January 2020 at 11:45PM
    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.
  • 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.
  • Albermarle
    Albermarle Posts: 28,934 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    and II 150000 but could be wrong on the last one.
    Following the takeover of Alliance, II are claiming to be the second largest platform with 400,000 customers .
  • sebtomato
    sebtomato Posts: 1,120 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.