Anyone moved S&S ISA from Moneyfarm to Vanguard?

silvercue

As title says I wonder if anyone here has moved S&S ISA from Moneyfarm to Vanguard?

I have had a Moneyfarm ISA for over a year and it has been loss making the whole time.  I know it has been a tough year, but they are charging me quite a high charge just to lose me money.  They refuse to reduce the fees (fair enough), so I am thinking about moving to Vanguard.

I do like the Moneyfarm support in terms of having someone you can all and they are knowledgeable etc.  

If you have made this move - what are your thoughts since swapping?  Has performance ben better?   I understand that depends what products you chose, but I can't do that on Moneyfarm, just chose risk profile.  I did ask if I could have influence on what a particular cash input was spent on, but unsurprisingly they could not do that.

 I can't move until April anyway and have not even checked if there are exit costs.   

eskbanker

silvercue said:

They refuse to reduce the fees (fair enough), so I am thinking about moving to Vanguard.  

It's certainly possible to transfer an ISA from Moneyfarm to Vanguard, which would lower costs and increase control (if you're ready for that), but that isn't necessarily the best answer, in that your investing options are still constrained by the funds that Vanguard happens to offer - are you satisfied that these are the best ones for your investing objectives and strategy?

silvercue said:
I can't move until April anyway

Why not?

Albermarle

Moneyfarm are a robo advisor. They guide you to a suitable investment based on various questions AFAIU.
Other platforms , like Vanguard, will have plenty of guidance on their website, but will shy away from recommending any specific investment for your personal circumstances. 
So Moneyfarm will charge a bit more for the service.
Nearly all investments went down in 2022. Typically between 7 and 15% but could be more.

silvercue

eskbanker said:

silvercue said:

They refuse to reduce the fees (fair enough), so I am thinking about moving to Vanguard.  

It's certainly possible to transfer an ISA from Moneyfarm to Vanguard, which would lower costs and increase control (if you're ready for that), but that isn't necessarily the best answer, in that your investing options are still constrained by the funds that Vanguard happens to offer - are you satisfied that these are the best ones for your investing objectives and strategy?

silvercue said:
I can't move until April anyway

Why not?

I think Vanguard have enough options for me.  I want to transfer after I have put all of my years allowance in.