Fund fees

Stephen7372

dunstonh said:

Stephen7372 said:

dunstonh said:

Thanks I was wondering how do Chelsea fees compare to alternaitves.
https://www.chelseafs.co.uk/fundstore/charges/

Expensive as they are charging 0.4% on top of the platform charge for a non-advised service.   Advisers typically charge 0.5%  whereas DIY non-advised typically has no additional charge on top.

So, effectively you are paying advised rates for a non-advised service.

BTW at the moment we're trying to decided wether to use a financial advisor or not, they do seem quite expensive really an extra 1 or so percent.

The dominant IFA ongoing charge is 0.5%   only 0.1% more than ChelseaFS non advised charge.    1% is typically seen at the lower value end

They do send a brouchure with their advice. Where could I but one that's no platform charge ?

They dont give advice.   So, what have you got that gives you the impression they do?
You cannot avoid the platform charge unless you do not use a platform.  However, the share class for non-platform based investments will be more expensive.  Typically by more than the platform charge.

Who is the dominant IFA are they good or good at marketing like some companies are ! ? 

Dominant as in most common.

OK so who is the most popular IFA ?

dunstonh

Stephen7372 said:

dunstonh said:

Stephen7372 said:

dunstonh said:

Thanks I was wondering how do Chelsea fees compare to alternaitves.
https://www.chelseafs.co.uk/fundstore/charges/

Expensive as they are charging 0.4% on top of the platform charge for a non-advised service.   Advisers typically charge 0.5%  whereas DIY non-advised typically has no additional charge on top.

So, effectively you are paying advised rates for a non-advised service.

BTW at the moment we're trying to decided wether to use a financial advisor or not, they do seem quite expensive really an extra 1 or so percent.

The dominant IFA ongoing charge is 0.5%   only 0.1% more than ChelseaFS non advised charge.    1% is typically seen at the lower value end

They do send a brouchure with their advice. Where could I but one that's no platform charge ?

They dont give advice.   So, what have you got that gives you the impression they do?
You cannot avoid the platform charge unless you do not use a platform.  However, the share class for non-platform based investments will be more expensive.  Typically by more than the platform charge.

Who is the dominant IFA are they good or good at marketing like some companies are ! ? 

Dominant as in most common.

OK so who is the most popular IFA ?

Most IFA firms are small localised firms. So, its a bit like asking who is the most popular Butcher or Fishmonger.  There is no possible way to tell.

eastmidsaver

my understanding is the fee is incorporated in with OCF.   so if the OCF is for example 0.5% and you're investment is £1,000.  Then you will be paying the fund manager £5.   However,  this is usually incorporated in the unit price so they won't be taking it from you seperately.
however, the platform charges a fee too.  for example , HL charge 0.45%, and they will bill you for this every month.  if you don't have enough cash, then they will normally sell units.
as i said , this is how i have understood the charges when reading HL's website.

jimjames

Stephen7372 said:

dunstonh said:

Thanks I was wondering how do Chelsea fees compare to alternaitves.
https://www.chelseafs.co.uk/fundstore/charges/

Expensive as they are charging 0.4% on top of the platform charge for a non-advised service.   Advisers typically charge 0.5%  whereas DIY non-advised typically has no additional charge on top.

So, effectively you are paying advised rates for a non-advised service.

BTW at the moment we're trying to decided wether to use a financial advisor or not, they do seem quite expensive really an extra 1 or so percent.

The dominant IFA ongoing charge is 0.5%   only 0.1% more than ChelseaFS non advised charge.    1% is typically seen at the lower value end

They do send a brouchure with their advice. Where could I but one that's no platform charge ?

iWeb charge a fee to open an account but no ongoing fees to hold investments. That's probably the closest to no platform charge

Stephen7372

jimjames said:

Stephen7372 said:

dunstonh said:

Thanks I was wondering how do Chelsea fees compare to alternaitves.
https://www.chelseafs.co.uk/fundstore/charges/

Expensive as they are charging 0.4% on top of the platform charge for a non-advised service.   Advisers typically charge 0.5%  whereas DIY non-advised typically has no additional charge on top.

So, effectively you are paying advised rates for a non-advised service.

BTW at the moment we're trying to decided wether to use a financial advisor or not, they do seem quite expensive really an extra 1 or so percent.

The dominant IFA ongoing charge is 0.5%   only 0.1% more than ChelseaFS non advised charge.    1% is typically seen at the lower value end

They do send a brouchure with their advice. Where could I but one that's no platform charge ?

iWeb charge a fee to open an account but no ongoing fees to hold investments. That's probably the closest to no platform charge

Thanks brilliant are they a reliable company ? I'll have a look at reviews. 

Stephen7372

dunstonh said:

Stephen7372 said:

dunstonh said:

Stephen7372 said:

dunstonh said:

Thanks I was wondering how do Chelsea fees compare to alternaitves.
https://www.chelseafs.co.uk/fundstore/charges/

Expensive as they are charging 0.4% on top of the platform charge for a non-advised service.   Advisers typically charge 0.5%  whereas DIY non-advised typically has no additional charge on top.

So, effectively you are paying advised rates for a non-advised service.

BTW at the moment we're trying to decided wether to use a financial advisor or not, they do seem quite expensive really an extra 1 or so percent.

The dominant IFA ongoing charge is 0.5%   only 0.1% more than ChelseaFS non advised charge.    1% is typically seen at the lower value end

They do send a brouchure with their advice. Where could I but one that's no platform charge ?

They dont give advice.   So, what have you got that gives you the impression they do?
You cannot avoid the platform charge unless you do not use a platform.  However, the share class for non-platform based investments will be more expensive.  Typically by more than the platform charge.

Who is the dominant IFA are they good or good at marketing like some companies are ! ? 

Dominant as in most common.

OK so who is the most popular IFA ?

Most IFA firms are small localised firms. So, its a bit like asking who is the most popular Butcher or Fishmonger.  There is no possible way to tell.

dunstonh said:

Stephen7372 said:

dunstonh said:

Stephen7372 said:

dunstonh said:

Thanks I was wondering how do Chelsea fees compare to alternaitves.
https://www.chelseafs.co.uk/fundstore/charges/

Expensive as they are charging 0.4% on top of the platform charge for a non-advised service.   Advisers typically charge 0.5%  whereas DIY non-advised typically has no additional charge on top.

So, effectively you are paying advised rates for a non-advised service.

BTW at the moment we're trying to decided wether to use a financial advisor or not, they do seem quite expensive really an extra 1 or so percent.

The dominant IFA ongoing charge is 0.5%   only 0.1% more than ChelseaFS non advised charge.    1% is typically seen at the lower value end

They do send a brouchure with their advice. Where could I but one that's no platform charge ?

They dont give advice.   So, what have you got that gives you the impression they do?
You cannot avoid the platform charge unless you do not use a platform.  However, the share class for non-platform based investments will be more expensive.  Typically by more than the platform charge.

Who is the dominant IFA are they good or good at marketing like some companies are ! ? 

Dominant as in most common.

OK so who is the most popular IFA ?

Most IFA firms are small localised firms. So, its a bit like asking who is the most popular Butcher or Fishmonger.  There is no possible way to tell.

Dunstohn seems to know the most dominant one !