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Vanguard, iweb or ii?

havingaball74
havingaball74 Forumite Posts: 256
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Hi all,

I appreciate that this question has been asked already but ...

I have around £60k that I'd like to invest gradually into a Vanguard stocks and shares ISA (transferring from cash ISAs). I'd also like to invest monthly eventually from my current account.
As someone new to investing, which platform would you suggest I use?
There are so many factors to take into account that I'm getting confused!

Thanks


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  • ColdIron
    ColdIron Forumite Posts: 8,024
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    edited 3 August at 11:26AM
    What's important to you? Cost? Customer service? Web site? Range of funds? etc etc
    Do you invest in funds (OEICs) or ETFs/Investment Trusts?
    All these things have a bearing
    NB IWeb don't do monthly investing
  • Albermarle
    Albermarle Forumite Posts: 18,723
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    Hi all,

    I appreciate that this question has been asked already but ...

    I have around £60k that I'd like to invest gradually into a Vanguard stocks and shares ISA (transferring from cash ISAs). I'd also like to invest monthly eventually from my current account.
    As someone new to investing, which platform would you suggest I use?
    There are so many factors to take into account that I'm getting confused!

    Thanks


    Just keep in perspective that the performance of the investment funds will vastly outweigh any small difference in platform fees. That is not to say the platform fees are of no importance, but very small differences are not really worth worrying about, at least not until you have much bigger sums in play.
  • Futuristic
    Futuristic Forumite Posts: 1,072
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    edited 3 August at 1:34PM
    Monevator recommends portfolios over £12k for S&S to look into a fixed fee account.
    https://monevator.com/compare-uk-cheapest-online-brokers/

    If you want to invest monthly iWeb would be £5 each time. iWeb have no app and UI is quite out of date.

    With II they are increasing monthly fee to £11.99 from 9.99 from September. But regular monthly investing is free.  Modern UI/app. 

    Customer service with iWeb/II are both good. 
  • jimjames
    jimjames Forumite Posts: 17,150
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    I have around £60k that I'd like to invest gradually into a Vanguard stocks and shares ISA (transferring from cash ISAs).


    If you want to invest in a Vanguard S&S ISA then your only option is to use Vanguard. If you want to invest in Vanguard funds inside a S&S ISA then you can choose a variety of providers to do that. It might seem a minor point but important to clarify exactly what you are looking for. a Vanguard S&S ISA will only allow you to buy Vanguard funds, the others will let you buy across the market.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Beddie
    Beddie Forumite Posts: 443
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    Keep things simple - you want Vanguard so use Vanguard!

    They are good value, only offer their own funds and you can save monthly.

    https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-isa
  • retiringtoosoon
    retiringtoosoon Forumite Posts: 315
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    build up S&S ISA in vanguard and then transfer pot to iWeb each year-end.
    repeat
  • ispookie666
    ispookie666 Forumite Posts: 1,143
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    I'll add HL - one of the expensive platforms. But there are ways to reduce fees. 

    If you hold stocks, ETF, Gilts in S&S rather than bonds, they are capped at £45 per year. But there is a dealinging fee of £12ish. Also, HL pay interest in cash held. 

    What I have done in the past, do regular monthly investing in funds and then swap to an equivalent ETF. 

    iWeb is good and I think has lot more stocks, ETFs, funds and gilts. My wife has one, But is a pain to do regular investing and often forget to add 
    “Don't raise your voice, improve your argument." - Desmond Tutu

    System 1 - 14 x 250W SunModule SW + Enphase ME215 microinverters (July 2015)
    System 2 - 20 x 330W Jinko Panels + Enphase IQ7+ microinverters (Jan 2022) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump
  • ColdIron
    ColdIron Forumite Posts: 8,024
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    But there is a dealinging fee of £12ish.
    £0, if you use the monthly savings option, now that they have scrapped the dealing charge
  • chockydavid1983
    chockydavid1983 Forumite Posts: 707
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    I have accounts with all 3 and they've all been fine.
    https://www.comparefundplatforms.com/ is good for comparing costs.
  • ChilliBob
    ChilliBob Forumite Posts: 1,972
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    Key thing with vanguard is well, you're limited to vanguard and their funds. And ironically, some of their funds aren't on their own platform but are on others like II or iweb. I think this may just be inc versions of some funds or something, but it still perplexes me! 
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