Which platform?

Apollo22

My ISA has hit 6 figures and I am paying quite a bit at Fidelity.

I am not sure its worth the money as I dont trade much and put everything in a single Fidelity fund.

iWeb seems to the best (read cheapest) - am I missing something or should I just transfer to them?

thanks

ColdIron

If you're a long term buy and hold investor with a larger sum and infrequent trades IWeb have a lot going for them. Sure the web site is basic and customer service can be a little hit and miss but how much will you use either of them? I'm a happy IWeb user

Do make sure they provide the exact same fund (including class) that you have now or it will complicate the transfer process

Albermarle

The only thing you are missing is that Fidelity have a capped charge of £90, if you were invested in an ETF or IT , rather than a fund. Iweb may still be cheaper in the long run but the difference would be a lot less than now,
If you stick with funds though you would be better to switch.

jimjames

I've been with iWeb for at least 8 years and have saved a fortune in that time compared to using HL or Fidelity. No issues with it at all from my perspective.

Apollo22

So I really only hold funds and very few ETF - well one Vanguard one.

Seems its worth the move

PloughmansLunch

If you purchase funds once a month it may be worth considering Lloyds at a fixed fee of £40 a year with trading costs that are cheaper than iWeb, plus a pretty decent cashback offer on at the mo

retiringtoosoon

I thought the idea was to transact in a low cost platform (such as vanguard) and then transfer out to iWeb each year and hold for the long term at no cost.

hewhohuntselves

retiringtoosoon said:

I thought the idea was to transact in a low cost platform (such as vanguard) and then transfer out to iWeb each year and hold for the long term at no cost.

Or do both on one platform like Interactive Investor?  Flat fee and no trading costs if you use the monthly regular investing option.

Apollo22

I just realised that iweb do not offer the option of monthly direct debits.  So will now look at Lloyds and Interactive investor. I think Lloyds works out cheaper than Fidelity (or indeed Halifax)

Apollo22

in fact i may move the SIPP to interactive investor and the funds to lloyds

Apollo22

except Lloyds dont hold Rathbones Global Opps