Vanguard, iweb or ii?

havingaball74

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

ColdIron

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

havingaball74 said:

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

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 iWeb have no app and UI is quite out of date.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

havingaball74 said:

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.

Beddie

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

build up S&S ISA in vanguard and then transfer pot to iWeb each year-end.
repeat

ispookie666

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 

ColdIron

ispookie666 said:

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

I have accounts with all 3 and they've all been fine.
https://www.comparefundplatforms.com/ is good for comparing costs.

ChilliBob

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!