Fidelity/Cavendish Query

boaby18

I'm looking to move my S&S ISA to either Cavendish/Fidelity.
Firstly, I can't see one of the ETFs I would like to invest in on the Cavendish website (iShares Global Clean Energy, ticker:INRG) but it is on the Fidelity website, would this be correct?
I'm also slightly confused about the fees. Could anyone break down the fees I'd pay on a regular £100/month investment into this ETF?

Thanks 

Albermarle

boaby18 said:

I'm looking to move my S&S ISA to either Cavendish/Fidelity.
Firstly, I can't see one of the ETFs I would like to invest in on the Cavendish website (iShares Global Clean Energy, ticker:INRG) but it is on the Fidelity website, would this be correct?
I'm also slightly confused about the fees. Could anyone break down the fees I'd pay on a regular £100/month investment into this ETF?

Thanks 

For the fine detail of the fees comparison you will have to check out that yourself.
Basically Cavendish charge a lower platform fee for using Fidelity than you get by going to Fidelity direct ,
However this fee is capped at £45 pa for exchange traded products ( including ETF's) with Fidelity direct, but not with Cavendish.
So for ETF's you would be better going direct. Regular savings are charged at £1.50 a time .

TBC15

As far as I know with Fidelity if all your investments were ETFs /IT there would be a platform fee of £45 and you regular purchases would cost £1.50 each.

boaby18

Thanks both.
Am I right in thinking that if you invest exclusively in funds/OEICs then I would simply pay the platform + fund charge with Fidelity/Cavendish?

What are the cheapest platforms for holding ETFs?

Albermarle

boaby18 said:

Thanks both.
Am I right in thinking that if you invest exclusively in funds/OEICs then I would simply pay the platform + fund charge with Fidelity/Cavendish? Yes

What are the cheapest platforms for holding ETFs? Of the mainstream platforms , Fidelity is the cheapest . Some of the newer players , like Trading 212 , Freetrade etc maybe be free/cheaper but for the sake of saving a few quid a year , there is a risk that that some of  the newer ones will not be around for ever , whilst Fidelity is a huge long established company.

Plus of course with all of then you have to pay the ETF cost as well.

ColdIron

boaby18 said:

What are the cheapest platforms for holding ETFs?

Capped fee or no fee providers are usually a good bet. People like IWeb charge no annual fee but £5 per transaction plus £25 account opening. Some of the bigger players like HL, AJ Bell, Fidelity etc have caps on annual charges plus transaction fees

This link has a good breakdown for the mainstream providers

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

csgohan4

I use AJ bell for a SIPP, they cap charges for ETF's ad ITs which is handy, I have another platform where I put my OEIC/Funds in which is cheaper and capped. 

But Iweb is a good shout outside of SIPPs

HarryGray

My S&S is with Fidelity with Cavendish as the 'adviser'. You actually have no contact with Cavendish and never use their website unless you have a SIPP.
ETF purchases are £9.95 per ETF. Why do you want ETFs though? You can buy index trackers such as iShares and Vanguard and there is no dealing fee? 

csgohan4

HarryGray said:

My S&S is with Fidelity with Cavendish as the 'adviser'. You actually have no contact with Cavendish and never use their website unless you have a SIPP.
ETF purchases are £9.95 per ETF. Why do you want ETFs though? You can buy index trackers such as iShares and Vanguard and there is no dealing fee? 

Because the OP wants a specific one, INRG

I chose a specific platform as they were cheapest for Investment trustss' specifically, not really into ETF's but they also cap charges for these as well

ColdIron

IWeb has a smaller list of funds and shares than other providers so obviously check they have all of yours first but they do seem to offer INRG

NB Cost might not be the only metric, ease of use and customer service have a value as well. I wouldn't buy my food or clothes on a cost basis alone

Joe9090

Cavendish has now been acquired by Fidelity. Further info here https://forums.moneysavingexpert.com/discussion/6197995/cavendish-online-acquired-by-fidelity#latest