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Platform choice

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Hi I have a 300k portfolio mainly isas with HL and I am working on selling and transferring these over to another platform. I will also be adding to this mainly probably in funds and will not be doing much trading so my choices are iweb or halifax which are both owned by halifax ? I read a lot on here about iweb being slow?  The fee is cheaper with halifax but  are fund choices the same. What are other people's views on these or alternative? I have looked at comparison site to narrow to these choices 
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Comments

  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Iweb is cheaper, not Halifax.

    Both are owned by Lloyds.


    I'm with Iweb. 
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Unless there's immediate urgency may be worth letting things return to a more normal state of affairs. Everything is taking longer than usual. 
  • jimjames
    jimjames Posts: 18,616 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I'm with iWeb too. Not sure what you are referring to with iWeb being slow, maybe a long process to switch investments but no issues with day to day access or purchasing. I think pretty much any in specie transfer is slow though.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    My in speci transfer from Halifax to Iweb went through quickly enough about a month or two ago.

    Nice to know that (having paid the £100 fee) there will be no more annual charges. (Until they move the goalposts).

    The website itself is no different to Halifax other than the colour scheme. Exactly the same, pretty much.
  • Alexland
    Alexland Posts: 10,183 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    edited 17 March 2021 at 10:24AM
    We recently transferred a couple of ISAs to iWeb as cash and it took around 3 weeks including the old provider selling down the funds as they didn't support uninvested money. We have transferred ISAs to iWeb before with no memorable delays or chasing required. In specie asset transfers can take ages whichever platform you choose but if the account valuation is high enough its probably worth putting up with it.
  • flopsy1973
    flopsy1973 Posts: 697 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Ok sounds as though iweb is way forward. I have over 30k sitting in cash in my HL isa that I will need to transfer over will that be problem? 
  • cattie
    cattie Posts: 8,841 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I too have an iweb account, transferred over from Aegon & am quite happy with them. Although some of my funds took time to be transferred over, (due to Aegon I hasten to add & being done in specie) the cash isa I had was transferred very quickly. I liked the fact that iweb maintained good communication with me until my account was fully up & running & all transfers complete.
    The bigger the bargain, the better I feel.

    I should mention that there's only one of me, don't confuse me with others of the same name.
  • green_man
    green_man Posts: 548 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    I am with Halifax,  I don’t know it it has every single investment available but I’ve not encountered any it doesn’t provide. As for speed etc all seems fine with me.  I think the main downsides IMO with Halifax is:
    - trading fees. Not really a platform for frequent traders.
    - research tools are basic.

    I do infrequent trading and research can be done on plenty of 3rd party websites, so for me the cheap admin costs outweigh these.

     PS:  if you happen to have a Halifax bank account then the front ends of the Banking; shardealing; SIPP, savings; credit card. Etc are all pretty well integrated now, so this would nudge me down the Halifax route all other considerations being equal.
  • Albermarle
    Albermarle Posts: 27,698 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    There seem to be long delays transferring out of HL. Read this thread.
    https://forums.moneysavingexpert.com/discussion/comment/78159195#Comment_78159195
  • happybagger
    happybagger Posts: 1,029 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    I tried to transfer one isa in specie to iweb, only part of it was transferred. And most went through in a month, but one batch of units in the same transfer took over 3 months to show up.

    The remaining part that they hadn't dealt with I later requested transfer to fidelity. Two months and counting. It has gone from the initial retail fund manager but not arrived on fidelity. This required a change of share class to 'clean' units.

    It does surprise me how slow all this is these days, considering instant electronic transfer technology.
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