Cavendish bought by Fidelity
scroogebath
Posts: 5
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Currently l get lower charges on my Fidelity ISA by using Cavendish as my advisor.
Now that Cavendish have been bought by Fidelity what can l do to reduce my ISA charges?
Now that Cavendish have been bought by Fidelity what can l do to reduce my ISA charges?
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Thinking same - but looks like existing Cavendish rates will be held for a year at least, so bit of time to see how things pan out (if you are infrequent trader/switcher of funds and have decent sized pot then iweb may be worth a look, if costs is #1 priority)0
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Notified today the Cavendish discount is coming to an end. Is there a similar way of getting the discount through another broker, or do I need to go thru the faff of moving the whole family's accounts away from Fidelity?0
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Froggitt2 said:Notified today the Cavendish discount is coming to an end. Is there a similar way of getting the discount through another broker, or do I need to go thru the faff of moving the whole family's accounts away from Fidelity?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.2
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Froggitt2 said:Notified today the Cavendish discount is coming to an end. Is there a similar way of getting the discount through another broker, or do I need to go thru the faff of moving the whole family's accounts away from Fidelity?
One way to mitigate the Fidelity 0.35% platform charge is to invest in ETF's or Investment trusts as opposed to more traditional OEIC funds , as there is a cap on charges for those products .1 -
The main thing imo, is what you want to hold, only then can you review platforms that offer you those products.
I still think Fidelity's platform fee of 0.35% is fairly competitive for small holdings and flexibility on what you can buy. Interactive Investor last time I looked was £120 a month which included one free trade. You would need to be an infrequent trader and have a balance greater than 35k to be better off there.
That said, I have been looking to move assets into these free trade platforms, once they offer in specie transfers in/out. The ability to buy ETFs with no platform fee is a no brainer to me, although I would lose the ability to invest in OEICs.2 -
I still think Fidelity's platform fee of 0.35% is fairly competitive for small holdings and flexibility on what you can buy. Interactive Investor last time I looked was £120 a month year which included one free trade.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
cloud_dog said:I still think Fidelity's platform fee of 0.35% is fairly competitive for small holdings and flexibility on what you can buy. Interactive Investor last time I looked was £120 a month year which included one free trade.0
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We moved from Cavendish to LLoyds as the family pots are big enough to make a flat fee (£40 per account per year) more competitive than Fidelity's 0.35%, but it did take the best part of 1/2 a year to move accounts.Edible geranium0
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