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Dodl as an investment platform

DietIrnBru Forumite Posts: 165
Part of the Furniture 100 Posts Combo Breaker
As it currently stands - I've got investments of around 2.5k in Fidelity World Index Fund - held in Fidelity and I invest around £25 - 100 - at least enough to have the service fee held at 0.35%.

I've got a LIfetime ISA - Investment - with Moneybox - its a legacy account from my house purchase - I transferred it from Skipton and invested it in the Fidelity World Index Fund - continue contributions of £25 per month. I'm aware that pension contributions are more tax efficient and I am enrolled in my employers NHS scheme. I'm mindful of the relatively high fees in the Moneybox platform.

With a view to consolidation I've been looking at Dodl, given the cheap fees of 0.15%. I would be looking to invest 100% in equities and another global tracker similar to the Fidelity World Index. Unfortunately Dodl don't offer this particular fund, so It would seem to require a liquidation into cash - transfer the Investment ISA and LIfetime ISA to Dodl and reinvest in the HSBC FTSE All World Index or the Vanguard LifeStrateey 80% equity fund.

Tapping into the collective wisdom of the board - is the transfer worthwhile, portfolio liquidation and all, or having lifted the bonnet is there other things to consider?


  • Nurse2047
    Nurse2047 Forumite Posts: 362
    100 Posts Second Anniversary Name Dropper Photogenic
    I have transferred my LISA to Dodl and so far I’m finding them very helpful and the app easy to use. Invested in HSBC FTSE all world 100%. 
    Nurse striving for financial freedom
  • MX5huggy
    MX5huggy Forumite Posts: 6,781
    Part of the Furniture 1,000 Posts Name Dropper
    Dodl’s minimum fee is £1 per month which is probably more than you are currently paying for the ISA and you would need £8000 with Vanguard before you would be paying £12 per year in platform fees, but they offer an LISA. 
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