Cheapest platform for holding IT''s in a ISA?

TUVOK

I know that there lists compiled for platform costs but I find it very difficult to still sort out, can any one help please?

I'm attempting to cut Investment Trust platform costs where I can on investments held across three different platforms, namely HL, AJ.Bell and Fidelity.

I hold 15 IT's with a current value of about £150K, they are spread over the 3 platforms.
I would like to amalgamate all on to one platform, can any one help with which would be the cheapest?

Thank you for any replies.

george4064

The cheapest option is not necessarily the best. For example you could transfer your entire IT portfolio for free with Trading212 and incur zero ongoing and zero trading costs, however i would never do that but instead look to find a balance between cost and an established/reputable company.

My ISA value is about half the total values of yours, all held with AJ Bell and very happy with the service. Which provider out of HL, AJ Bell and Fidelity do you like the most? Maybe just transfer all your ITs to that one provider you prefer?

wmb194

TUVOK said:

I know that there lists compiled for platform costs but I find it very difficult to still sort out, can any one help please?

I'm attempting to cut Investment Trust platform costs where I can on investments held across three different platforms, namely HL, AJ.Bell and Fidelity.

I hold 15 IT's with a current value of about £150K, they are spread over the 3 platforms.
I would like to amalgamate all on to one platform, can any one help with which would be the cheapest?

Thank you for any replies.

Easy, just transfer them all into iWeb. No ongoing account fees, £5 per trade. iWeb charges £100 to open an account but at the moment it has a £100 cashback offer.

iWeb is a trading name of Halifax Stockbrokers which in turn is ultimately part of the Lloyds Banking Group.

https://www.iweb-sharedealing.co.uk/

jimjames

As above I don't think you can get cheaper than zero cost for holding with iWeb. Trading is £5 per deal so not bad either but if it's literally just holding then it won't cost you.

Albermarle

For an ISA , the capped fees for Investment Trusts ( and any exchange traded products) are as follows.
AJ BELL  - £42 ( £10 dealing charge)
Fidelity - £90 ( recently increased from £45) - £7.50 dealing charge
HL - £45 - £12 dealing charge

Maybe worth noting that if you had a SIPP the costs are
AJ Bell - £120
Fidelity - £90
Hl  - £200 

If you have both then you need to add them together for HL and AJ Bell, but it remains £90 overall for Fidelity 

cloud_dog

iWeb and Jarvis X-O are the two we use for buy/hold (specifically non-OEIC funds).

TUVOK

As my IT's are all held in a ISA, the iWeb is no good. I'll have to transfer my IT's to either all in HL or amalgamate some together to Bell's.

mebu60

TUVOK said:

As my IT's are all held in a ISA, the iWeb is no good. I'll have to transfer my IT's to either all in HL or amalgamate some together to Bell's.

I have S&S ISA holding ITs with iWeb which were transferred in. Though I think I opened a current year S&S ISA first. Was a few years ago. 
FSCS limit is £85k which you may want to bear in mind, maybe consider holding existing across two providers
FYI Fidelity won't do partial transfers-out, all or nothing with them.

Eco_Miser

TUVOK said:

As my IT's are all held in a ISA, the iWeb is no good. I'll have to transfer my IT's to either all in HL or amalgamate some together to Bell's.

Why?  Iweb do ITs in ISAs.

TUVOK

Eco_Miser said:

TUVOK said:

As my IT's are all held in a ISA, the iWeb is no good. I'll have to transfer my IT's to either all in HL or amalgamate some together to Bell's.

Why?  Iweb do ITs in ISAs.

Sorry, not thinking straight then.
Yes, I could transfer as you correctly write to iWeb.
Not sure how long and how much it would cost, will have to further inquire.

Albermarle

mebu60 said:

TUVOK said:

As my IT's are all held in a ISA, the iWeb is no good. I'll have to transfer my IT's to either all in HL or amalgamate some together to Bell's.

I have S&S ISA holding ITs with iWeb which were transferred in. Though I think I opened a current year S&S ISA first. Was a few years ago. 
FSCS limit is £85k which you may want to bear in mind, maybe consider holding existing across two providers
FYI Fidelity won't do partial transfers-out, all or nothing with them.

The FSCS compensation is not really important when talking about mainstream investment platforms. It is much more relevant to savings/deposit accounts.