starting again, what platform to use to keep 20 year cost down

wolves1976

this is all a learning exercise which i (and others i guess) need.  my skill set is not in the field, where i am skilled i am able to teach others, with finance i am underdog.
that being said i know i need to make up for lost time. so...
i have 5 pension pots,
3 in consolidated to a SIPP this year and they sit as cash @ 
i have 2 ISA's now 
#1 is with VG @ & #2 with nationwide @ .  i also need to invest this years 
i want to put all for my ISA into S&S @ 100% stocks.  it want to pay £1000 each month for next 10 years. i want to only to invest in run of the mill ETF's/index funds.  not looking to get into any sectors just around the world to reduce risk.
Now i need to figure out 2 things with some help here pls - i keep chasing my tail.
which platform gets the best vote for costs for the following.
#1  SIPP  - i want to go 80 stocks and 20 bonds  - 
#2 ISA  -  i want to go 80 stocks and 20 bonds  - 
bottom line here is i am not really strong minded about any method, i know over the years i will get smarter and will pass this knowledge down to my kids which is the bigger win. i think i had the right intent by putting this all in Vanguard but from last post i think i could have done much better.
so pls can you suggest what you would do with the above, i want to be able to leave this money to kids and want to stop the inflation erosion om the cash.

cleaned up thread

tacpot12

Who is your SIPP with? 
You have ISAs with two very cheap platform providers. 

wolves1976

my Silp and ISA are with vanguard. responses to my last thread suggested that for long term they are better providers. 

TBC15

Give Snowmans spreadsheet a shot https://drive.google.com/file/d/1gTC-7vV-rnauaD8TnLgtH-JYxzPT1wdT/view

Alice_Holt

https://monevator.com/compare-uk-cheapest-online-brokers/
https://monevator.com/low-cost-index-trackers/

Alexland

For regular scheduled monthly trades into a large S&S ISA then Halifax Share Dealing are attractive at £12.50 pa plus £2 per scheduled purchase. That's £36.50 pa if investing in a single accumulation fund such as the globally diversified HSBC FTSE All World fund at 0.13%. Although their adhoc trades are expensive at £12.50 so using HSD cheaply requires discipline. We use sibling iWeb at £25 setup then £5 per trade (£60 pa for your scenario) as we tend to contribute to our AJ Bell capped LISAs for 4 months then our S&S ISAs for 8 months so iWeb works out at £40 which is about the same with more affordable adhoc trades if required and no need to maintain a cash balance to pay fees. We are even cheaper as we use a percentage based platform with cashback for current year ISA contributions then transfer into iWeb after the min term.
For your SIPP we have found Fidelity's £45 capped fees on holding ETFs to be attractive. They charge an extra £1.50 to reinvest dividends or regular invest and £10 per adhoc trade if you need to rebalance. All our new pension contributions and bond allocation is via our workplace pensions so we just hold an equities ETF. Often Fidelity have transfer cashback deals and they gave me £500 (plus another £50 for having to chase them as they paid it late) which was enough to cover their fees for about 10 years (or longer if you considered the tax relief of then adding that cashback into a pension).
Hope that helps - Alex

wolves1976

morning all,  thank you for the time posting.  i have started to read and make notes.

IvanOpinion

Generally speaking if you are a buy and hold then iWeb comes out well. 
If you like to tinker and deal a bit then II comes out well.
If you hold ITs or ETFs rather than Funds then other can some out well.

Grogged

I've just made the switch from VG to ii, I'm transferring a SIPP and and an ISA.
As my needs are not complicated and I'm happy with my VG strategy, it made sense for me.
Especially as they are currently waiving the next 6 months of SIPP fees and throwing in £100 towards trades as well.
This will cap my costs at £240 per year as their free regular investing also works for me.
Good luck with whoever you choose, there's plenty of choice.
Edit: £240, not £120.

george4064

Albermarle said:

george4064 said:

A good article on investment platforms etc: https://www.amorge.co.uk/blog/which-platform-to-use

Quite a good explanation and also I see they comment on other relevant topics as well.
Who is 'Amorge' by the way ?

It’s a financial well-being website, it touches on a number of topics such as investing, saving, budgeting, pensions etc. but mainly it’s on investing.

wolves1976

Alexland said:

For your SIPP we have found Fidelity's £45 capped fees on holding ETFs to be attractive. They charge an extra £1.50 to reinvest dividends or regular invest and £10 per adhoc trade if you need to rebalance.
Hope that helps - Alex

@Alexland - my head aches now, alot.  reading from websites i get below
How much does Fidelity's SIPP cost?

If you have between £7,500 and £250,000 invested with us, you will pay our standard service fee of 0.35%.

If you have more than £250,000 invested, you will benefit from our lower service fee of 0.20%
the £45 is for <£7500
my sipp is £180,000 cash which i want to (when my head stops spinning) invest into ETFs.  am i right the platform costs are going to e 0.35%?