Platforms- Is there a max single investment amount per transaction?

C_Mababejive

I'm just wondering, if we take the mainstream platforms like AJ Bell, HL, Halifax etc.. do they have maximum single transaction amounts for investments?

Say for example i wanted to pump money into a single fund, could i make a one off investment of £100k/£200k/ whatever?

Do investment companies who operate funds offer discounts for larger investments?

I'm guessing they might do but we would be talking much larger sums?

Thanks

Prism

I imagine its quite commonplace to see sales and purchases of several hundred thousand pounds into a single fund. 

Certain platforms get a cheaper class of a fund by having larger of investments at the platform level - the combination of all of their customer investments.

Alexland

A few years ago I found Halifax Share Dealing's online trade limit was £100k (might be more now) but when I phoned them and asked nicely they were willing to do a larger telephone trade at the online price.
Fidelity limit at £200k per online trade but I just placed multiple trades when buying my current ETF holding. Trading that much could affect the price so I might have wanted to use multiple transactions anyway. I tend to keep the larger accounts very inactive so it's not really an issue for us.
You would need an extremely large amount to get a bespoke fund manager discount.

lr1277

The following is pure speculation. Whilst the platform might not limit a single transaction in an open-ended fund, the fund may reject your investment. There is a thread on here at the moment about good funds not having much invested. I believe the figure was £25 million in total investments. Say you then wanted to add £1 million to that fund, that may cause a pause or denial because that is a relatively large investment compared to the size of the fund. Also if you wanted the money out in one go, that may cause them problems. So I speculate they may reject that size of investment.

I also understand that investments in listed companies that comprise more than 1% of the share capital, then somebody has to make an announcement by letting the Londong Stock Exchange know. There are some smaller/AIM companies where a £1 million investment might be 10-20% of their share capital. In this case I suspect your broker should make the announcement because they are buying the share in their account for which you are the (beneficial) owner.

Just some thoughts.

dunstonh

Placed multiple million-pound cases with platforms before.  The platforms never batted an eyelid.   

Do investment companies who operate funds offer discounts for larger investments?

Some fund houses have share classes with a minimum contribution level.  Most do not.

GeordieGeorge

I used to work on a desk in a bank that packaged funds into various other products, which meant that we then needed to invest in the funds ourselves. We used a “normal” fund manager, and dealt via fax.
The largest single transaction was £800,000,000.

C_Mababejive

Thanks all..

TBC15

One thing worth considering is transaction charges. Do II still charge a premium on trades above £100,000? I’ve looked on the web site and can’t find any reference to it now.

naedanger

TBC15 said:

One thing worth considering is transaction charges. Do II still charge a premium on trades above £100,000? I’ve looked on the web site and can’t find any reference to it now.

I was charged £40 "Commission" on each of two recent transactions over £100,000.

See under "other trade commission" on the following page:
https://www.ii.co.uk/our-charges


I don't know what this commission is for, or who gets it.

Ash_Pole

You might have trouble getting the order fulfilled. Recently I tried to invest 10k into Murray International IT with iWeb but they couldn't deal at the online price as it was too big for them. 

soulsaver

Ash_Pole said:

You might have trouble getting the order fulfilled. Recently I tried to invest 10k into Murray International IT with iWeb but they couldn't deal at the online price as it was too big for them. 

I've invested more than twice that with Murray ITs with IWeb on line in single transactions.