Should I move my investments to Interactive Investor?

george4064

OP hasn't mentioned whether they are invested in OEICs or listed investments.

A quick and easy option to save on costs is if they were to switch from OEICs to listed investments (such as ETFs and Investment Trusts) you will benefit from the £45 per annum cap.

You can still do regular investments with HL into listed investments, costing £1.50 each.

EthicsGradient

george4064 said:

OP hasn't mentioned whether they are invested in OEICs or listed investments.

A quick and easy option to save on costs is if they were to switch from OEICs to listed investments (such as ETFs and Investment Trusts) you will benefit from the £45 per annum cap.

You can still do regular investments with HL into listed investments, costing £1.50 each.

The poster has about £200k in a regular account, and his wife about £700k. These are probably sitting on significant capital gains, in which case it would not be quick to cash them in (unless they take the CGT hit, but the point is to save money).

Millyonare

Check the Boring Money ISA comparison site.

My wild guess is that you're paying somewhere around £2000 to £5000 a year in fees for that £2m sum. It may be possible to get it down to as little as £0-100 a year, with Halifax, iWeb, Freetrade, InvestEngine, etc. A potentially huge saving.

Not investment advice. Just a friendly observation. Dyor.

hoc

In short, even without knowing all the details, I would say yes do it. Happy with ii especially not losing to currency conversion each time as forced by most other platforms.