Best platform to hold ISA funds

Gsaver1

I've got ten funds in my ISA. I add about a hundred pounds a month into each fund. What platforms are the cheapest when considering charges? Is it better for me to say make a two hundred pound addition into each fund every two months instead of doing this each month? Currently, funds are sitting with a platform that charges an ongoing percentage platform charge. If my funds go up the price charged by the platform goes up and I have been warned this can eat away at my returns over the long term.

Albermarle

How much is in your ISA currently and who is your current provider . The more info you provide the better answers you will get .

eskbanker

In terms of platform cost comparisons, there are a number of sites that do the maths for you, based on your investing profile:

http://monevator.com/compare-the-brokers/ (not working right now, https://monevator.com/compare-uk-cheapest-online-brokers/ has the underlying data)

http://www.comparefundplatforms.com/

https://www.boringmoney.co.uk/calculator/

https://forums.moneysavingexpert.com/discussion/5583030/coolly-comparing-investment-platform-charges-snowmans-spreadsheet/p1

However, there is the more fundamental question to consider, i.e. why are you buying into ten funds a month at £100 a pop?  What's your strategy and is this a sensible way to achieve it?

Gsaver1

I have £16000 in my S&S ISA. I have my S&S ISA with Bestinvest. I have a number of funds as I want to hold a diversified portfolio. I'm drip-feeding at the moment as I'm pound cost averaging given the current volatility. 

I thought about making a lump sum investment but prefer the monthly contribution at present. Time frame wise I'm looking to hold for about twenty years.

GeoffTF

Gsaver1 said:

I have a number of funds as I want to hold a diversified portfolio.

A global tracker or a Vanguard LifeStrategy fund is a very diverse portfolio in just one fund.

grumiofoundation

Gsaver1 said:

I have £16000 in my S&S ISA. I have my S&S ISA with Bestinvest. I have a number of funds as I want to hold a diversified portfolio. I'm drip-feeding at the moment as I'm pound cost averaging given the current volatility. 

I thought about making a lump sum investment but prefer the monthly contribution at present. Time frame wise I'm looking to hold for about twenty years.

The number of funds in itself does not inherently achieve additional diversification.

If you are looking at 20 years, depending on your age, it may be a pension and or a stocks and shares LISA would be a more efficient (tax/bonus) way of holding the same investments.