Best Invest

Albermarle

Fidelity and Vanguard are stand alone companies with globally Trillions ( literally) of Dollars of Assets under management .

Thrugelmir

X-O which is the consumer arm of Jarvis Investment Managers (AIM listed).  Though is restricted to quoted listed investments and not OEIC's. 

eskbanker

Linton said:

Starwarsb2b said:

So this discussion has helped me.  Here's my thinking:
HL - Own platform - FTSE 100 Company
AJ Bell Own platform - FTSE 250 Company
Are there any other companies in the middle of the above that I should be interested in (not companies owned by other companies) (i.e Best Invest)?

The difference doesnt make sense to me.  Groups are often structured as a heirarchy of separate companies purely for financial or tax reasons to keep their accounts distinct.  Whether this is the case of BestInvest, or come to that HL and A J Bell I have no idea.  Google tells me that BestInvest is a brand of Tilney Smith & Williamson.  

Agree that the criteria seem odd!  Running one's own platform means less reliance on a third party but in turn is likely to lead to higher development and maintenance costs, and corporate ownership by a larger entity is often seen as a positive, given the deeper pockets and economies of scale of a parent group.

However, anyone can choose their own way of evaluating companies I suppose, however strange they may seem....

jimjames

Starwarsb2b said:

ColdIron said:

OP would do well to tell us the size of portfolio, trading frequency and type of assets, funds, shares etc

2 ISA's £500k and 1 SIPP £500k.  No changes in the last few years.  Mainly Trackers with a few key funds.  Too much to have in one institution IMHO.

For those numbers iWeb will probably be the cheapest or one of the cheapest certainly for the ISAs. As already mentioned it is part of Halifax so a large company behind it. I've found them excellent, you can't beat the costs. Platform looks somewhat dated but for long term hold I have no issues.

Starwarsb2b

Linton said:

The difference doesnt make sense to me.  Groups are often structured as a heirarchy of separate companies purely for financial or tax reasons to keep their accounts distinct.  Whether this is the case of BestInvest, or come to that HL and A J Bell I have no idea.  Google tells me that BestInvest is a brand of Tilney Smith & Williamson.  

I just feel more comfortable with a company structure like HL.

ColdIron

HL can be pretty reasonable for shares, investment trusts and ETFs but eye watering for open ended funds. They have a tiered charging structure but figure on £1,750 pa for a £500k ISA and again for the SIPP

https://www.hl.co.uk/investment-services/isa/savings-interest-rates-and-charges

https://www.hl.co.uk/pensions/sipp/charges-and-interest-rates

Thrugelmir

Starwarsb2b said:

Linton said:

The difference doesnt make sense to me.  Groups are often structured as a heirarchy of separate companies purely for financial or tax reasons to keep their accounts distinct.  Whether this is the case of BestInvest, or come to that HL and A J Bell I have no idea.  Google tells me that BestInvest is a brand of Tilney Smith & Williamson.  

I just feel more comfortable with a company structure like HL.

As long as you avoid the upstart boutique players in the stock broking sector you'll be fine.