HL - Best new JISA platform?

ChilliBob

I've had a JISA for my son for three years and my daughter for one, both eith Fidelity. It's a good platform, no dealing charges (on OEICs) and no platform charges.

Just spotted on another forum that HL now offer the following for their JISA

1. No platform fees
2. No dealing fees on funds or shares
3. Interest on residual cash

On brief inspection this seems a strong opponent to Fidelity. I only have experience of using HL for active savings, so, I'm unable to compare the platforms. 

I know a few here use JISAs, it's where the Fidelity recommendations came from, so, I thought I'd share this offering. 

https://www.hl.co.uk/investment-services/junior-isa/savings-interest-rates-and-charges

Albermarle

In general , HL and Fidelity platforms offer a similar experience. Some differences are:
HL has a little bit more snazzier website, but Fidelity one has improved in recent years and seems actually quicker than HL.
Charging regime is similar , except Fidelity is a bit cheaper, especially for larger sums.
Fidelity investment range is pretty wide, but HL's is even wider.
I have seen some odd info sometimes in the fund analysis and performance figures for HL . They use different providers for different areas, whereas I think all Fidelity info is taken from Morningstar.
On very limited experience, Fidelity seem to respond to queries a bit quicker.

ChilliBob

Interesting, thanks @Albermarle
I think purely due to the investment options available at no cost - not limited to OEICs, I'm tempted to jump ship from HL to Fidelity for the upcoming tax year to give it a go. 

I use HL for Active Savings and it doesn't seem the fastest but it's alright, I've found Fidelity quite slow to respond to queries, oh dear! Well, hopefully I won't have too many!

Alexland

I have used both (although not used HL for a few years since moving my LISA to AJ Bell) and prefer Fidelity for the free kids accounts as the user interface is cleaner, the customer service seems better, their discounted world tracker at 0.10% is what I want to fully invest in so don't need the broader investment universe or cash interest rate. I've had my own adult account(s) with Fidelity continuously for over 20 years so it's easy to login and see their accounts alongside mine. I still use the HL app to track my investments held at cheaper platforms. I doubt Fidelity get many people transferring free child accounts elsewhere!

noclaf

I use Fidelity for my SIPP and JISA too, a previous employer discount was the initial decider though to be fair I don't need it as use ETF's in the SIPP and Fidelity's World P index in the JISA.

No reason to move for now and not sure HL's offering would be compelling enough to go through the admin etc