vanguard ETF troubles, or not, some heavyweight advice needed

ColdIron

wolves1976 said:

currently i have £101,807.70 in my VG account as a ISA,
with £23,828 invested in the ETFs i listed.
i also have £182,636.38 sat as cash in my SIPP ready to invest.
so my annual VG platform costs will be £375

It's probably worth noting that Vanguard Investor applies their 0.15% platform fee on uninvested cash

• This fee covers the costs of running our online service, customer support team and keeping your investments secure. You only pay one account fee, even if you have more than one account with us. For example, if you have a Stocks and Shares ISA and a General Account. The fee is based on the overall value of your Vanguard accounts, including any cash held.

https://www.vanguardinvestor.co.uk/what-we-offer/fees-explained

wolves1976

ColdIron said:

wolves1976 said:

currently i have £101,807.70 in my VG account as a ISA,
with £23,828 invested in the ETFs i listed.
i also have £182,636.38 sat as cash in my SIPP ready to invest.
so my annual VG platform costs will be £375

It's probably worth noting that Vanguard Investor applies their 0.15% platform fee on uninvested cash

• This fee covers the costs of running our online service, customer support team and keeping your investments secure. You only pay one account fee, even if you have more than one account with us. For example, if you have a Stocks and Shares ISA and a General Account. The fee is based on the overall value of your Vanguard accounts, including any cash held.

https://www.vanguardinvestor.co.uk/what-we-offer/fees-explained

just spotted that carefully worked paragraph on website.  
so having a number of products  ISA,SIPP,JISA with value over £250000 , is VG platform so much costly over iweb and ishare.
main reason i ask it, i will do putting the money into the ETFs over a few weeks instead of a massive lump sum. 
again, i am of no fixed opinion on it this is correct or not, happy to be told otherwise.    

Grogged

I've just moved from VG to II for both my SIPP and ISA as it's now cheaper to go fixed cost.
There is an offer on at the moment, 6 months of free charges and £100 dealing fees.
Very early days for me, but no real issues so far (apart from a completely different GUI).
They do free investing, but only once a month, which isn't an issue for me.

wolves1976

Grogged said:

I've just moved from VG to II for both my SIPP and ISA as it's now cheaper to go fixed cost.
There is an offer on at the moment, 6 months of free charges and £100 dealing fees.
Very early days for me, but no real issues so far (apart from a completely different GUI).
They do free investing, but only once a month, which isn't an issue for me.

thx, you posted how your sipp was invested, can you share your isa holding (not value where they are invested)

wolves1976

Grogged said:

I've just moved from VG to II for both my SIPP and ISA as it's now cheaper to go fixed cost.
There is an offer on at the moment, 6 months of free charges and £100 dealing fees.
Very early days for me, but no real issues so far (apart from a completely different GUI).
They do free investing, but only once a month, which isn't an issue for me.

did you have to sell your holdings and put the money back as cash before you moved to II from VG

wolves1976

Albermarle said:

Seems to be some inconsistency in your overall approach . You want to go 100% equity in ISA and then maybe later in the SIPP  but have been holding £250K in cash as your were 'scared about Covid' 
What will happen when you have 250K in equities and the next financial shock happens? All back into cash again?

Maybe better to take a more medium risk route and just leave it alone.

sorry i missed this post yesterday.   My ISA was always cash i never dipped into S&S until 3 weeks ago (apart from company pensions over the years)  if after i invest market drops then so be it - i want leave this alone for 20 years . 

Grogged

It's a cash transfer, so they sell your portfolio.
That said, you don't have to transfer it all, you could just transfer the cash part.

It's a mirror portfolio, so both the SIPP and ISA has:
20% VAGP (Global bonds).
Of the 80% in equities:
5% VMID
20% VHYL
30% VWRL
45% VEVE

I hold 80% of my total holdings in my SIPP and 20% in the ISA.
I balance quarterly, which usually means just topping up the under weight ones.
I don't sell.
20% in the ISA is really there just in case I run out of cash savings.

There are probably better portfolios, but it works for me.

ColdIron

wolves1976 said:

ColdIron said:

wolves1976 said:

currently i have £101,807.70 in my VG account as a ISA,
with £23,828 invested in the ETFs i listed.
i also have £182,636.38 sat as cash in my SIPP ready to invest.
so my annual VG platform costs will be £375

It's probably worth noting that Vanguard Investor applies their 0.15% platform fee on uninvested cash

• This fee covers the costs of running our online service, customer support team and keeping your investments secure. You only pay one account fee, even if you have more than one account with us. For example, if you have a Stocks and Shares ISA and a General Account. The fee is based on the overall value of your Vanguard accounts, including any cash held.

https://www.vanguardinvestor.co.uk/what-we-offer/fees-explained

so having a number of products  ISA,SIPP,JISA with value over £250000 , is VG platform so much costly over iweb and ishare.
main reason i ask it, i will do putting the money into the ETFs over a few weeks instead of a massive lump sum. 

I haven't checked these figures in detail so DYOR but:

Vanguard Investor charge 0.15% capped at £375 pa so you will be paying £375 pa all in. IWeb charge £0 pa for the ISA and £180 pa for the SIPP. I'm not sure if they offer a JISA. Drawdown with IWeb is an extra £180 pa while VI do not currently offer a drawdown SIPP

https://www.iweb-sharedealing.co.uk/charges/sipp-charges.html

There are transaction charges to consider, if you are happy to use VI's bulk dealing service they charge £0 per transaction for ETFs while IWeb is £5 a pop, but in the great scheme of things these sums are near irrelevant to you

VI is a new fairly slick platform, IWeb is more dated and you should check that they have the investments you require

So in summary IWeb is a clear winner for the ISA, probably a non starter for the JISA, not much in it for a SIPP and VI don't provide a drawdown SIPP yet. Only you can judge the value of the cost differences but in my view £375 over £180 is a reasonable cost for a larger portfolio. For an easy life Vanguard Investor is quite a neat solution, assuming you don't have a need for drawdown yet and you are happy with their choice of investments

wolves1976

ColdIron said:

wolves1976 said:

ColdIron said:

wolves1976 said:

currently i have £101,807.70 in my VG account as a ISA,
with £23,828 invested in the ETFs i listed.
i also have £182,636.38 sat as cash in my SIPP ready to invest.
so my annual VG platform costs will be £375

It's probably worth noting that Vanguard Investor applies their 0.15% platform fee on uninvested cash

• This fee covers the costs of running our online service, customer support team and keeping your investments secure. You only pay one account fee, even if you have more than one account with us. For example, if you have a Stocks and Shares ISA and a General Account. The fee is based on the overall value of your Vanguard accounts, including any cash held.

https://www.vanguardinvestor.co.uk/what-we-offer/fees-explained

so having a number of products  ISA,SIPP,JISA with value over £250000 , is VG platform so much costly over iweb and ishare.
main reason i ask it, i will do putting the money into the ETFs over a few weeks instead of a massive lump sum. 

I haven't checked these figures in detail so DYOR but:

Vanguard Investor charge 0.15% capped at £375 pa so you will be paying £375 pa all in. IWeb charge £0 pa for the ISA and £180 pa for the SIPP. I'm not sure if they offer a JISA. Drawdown with IWeb is an extra £180 pa while VI do not currently offer a drawdown SIPP

https://www.iweb-sharedealing.co.uk/charges/sipp-charges.html

There are transaction charges to consider, if you are happy to use VI's bulk dealing service they charge £0 per transaction for ETFs while IWeb is £5 a pop, but in the great scheme of things these sums are near irrelevant to you

VI is a new fairly slick platform, IWeb is more dated and you should check that they have the investments you require

So in summary IWeb is a clear winner for the ISA, probably a non starter for the JISA, not much in it for a SIPP and VI don't provide a drawdown SIPP yet. Only you can judge the value of the cost differences but in my view £375 over £180 is a reasonable cost for a larger portfolio. For an easy life Vanguard Investor is quite a neat solution, assuming you don't have a need for drawdown yet and you are happy with their choice of investments

really has changed my views on platform costs.  thank you ColdIron  and others.  
think will take the weekend to work my strategy, now i am roughly thinking moving all uninvested from VG into iweb ISA and investing in a single ETF/fund having looked at OCF for the funds.
the other invested amount in VG and SIPP i will leave in the current ETFs with a weighting that match size of the market/region.
SIPP i will review when my head stops hurting
cant wait to do it and then dump all knowledge of the tribulations caused.

wolves1976

Alexland said:

If you have over £100k in an ISA wrapper and want 100% equities (although it might not be suitable for your risk tolerance if you are going to get upset when markets are low, make behavioural mistakes of selling low, etc) then consider the HSBC FTSE All World accumulation fund (OCF of only 0.13% and includes some EM exposure) which unlike an ETF would have FSCS protection up to £85k (obviously not for normal investment ups and downs) and for platform consider iWeb for £25 setup and £5 per trade (or maybe Halifax Share Delaing could be cheaper if making regular scheduled purchases).

Vanguard Investor's platform charges are better suited for smaller accounts and their All World/Cap products are not cheap so with enough money you are better going to a fixed fee platform and having more choice to find better value products.

@Alexland - can you advise on this fund, name, factsheet location pls.  HSBC FTSE All World accumulation fund - can seem to find this one @ 0.13%