AJ Bell dividence re-investing

Matt_22

Does anyone invest with AJ, and get around the fact that if you have a fund were the dividence is reinvested. If your fund is in arrears at the time due to AJ bells monthly charges. None of the dividence is reinvested and is used to cover this. This would ruin the compound interest effect? 

masonic

If you have a trading account then you should be able to add money to this and pay the fees from there. I don't use their dividend reinvestment service personally. The trading fee is the same as for their regular investing service, which I can use as and when needed to reinvest into the holding of my choice.

george4064

Just add a little cash to whichever account it is to cover the fee. 

Matt_22

Most stock and shares platforms are probably the same I guess. Thanks

eskbanker

Matt_22 said:

Most stock and shares platforms are probably the same I guess. Thanks

Not necessarily a safe assumption, but, going back to your original question, if you want to reinvest dividends in your chosen fund, does it not have an accumulation variant that takes care of that internally?

Linton

You have to pay the fees.  An easy way of doing this is to hold some income generating funds to at least provide suffficient cash to pay the fees.  Use Acc funds for anything else.

Audaxer

As far as I know with AJ Bell you can't set dividends to automatically reinvest with INC funds. If you want dividends reinvested automatically on funds, you should just choose ACC funds. INC fund dividends will just accumulate as cash, so AJ Bell will automatically take monthly fees from that accumulated cash. 

However it does say on their site they will take the charges from your S&S ISA or SIPP "unless you've requested otherwise", so I think you could possibly set-up a General Investment Account with a little cash and request the monthly charges on your S&S ISA or SIPP are taken from there.

valiant24

I have an ISA with AJ Bell which is about £55 in arrears.  I've already invested the full £20k this year so can't top it up, and they seem content to let it stay in deficit, presumably in the expectation that I'll invest again in the next tax year.

dealyboy

I'm with AJ Bell for my SIPP and have now been with them for about 4 years.

The one thing you can say about AJB is they have superb personal Customer Service. They answer the phone within 2 seconds, (always) and when you speak to them you feel you're speaking to members of a family, to which you become an honorary member.

Whether you're speaking to Customer Services, the benefits team, or the dealing team, they want to help you and don't let small problems get in the way. I have in the past been chatting to a team leader and suddenly realised that we'd been talking for half an hour, whilst I was apologetic he said 'no problems, ask for me by name if you want anything in the future'.

masonic

dealyboy said:
The one thing you can say about AJB is they have superb personal Customer Service. They answer the phone within 2 seconds, (always) and when you speak to them you feel you're speaking to members of a family, to which you become an honorary member.

I've been a very happy customer there as well, but not so long ago moved my SIPP to Fidelity to benefit from the reduced fee cap and some cashback. As it turns out, the fees have now pretty much equalised, so it would take very little to tempt me back once I've served my minimum loyalty period for the cashback not to be clawed back.

Qyburn

Audaxer said:

However it does say on their site they will take the charges from your S&S ISA or SIPP "unless you've requested otherwise", so I think you could possibly set-up a General Investment Account with a little cash and request the monthly charges on your S&S ISA or SIPP are taken from there.

In that scenario, woul the value of fees count as ISA subscription?