Iweb

Mark_d

I have a portfolio of Share and ETFs, both in dealing account and stocks & shares ISA.  I used to use IWeb.  Never had any real problem with them but chose to move to AJ Bell.  Even though AJ Bell charge a small amount in fees, I think it's certainly worth it mainly because of their mobile app.

John464

masonic said...

Personally I've only ever used (iWeb) for Irish domiciled ETFs with US holdings, which are already reduced to 15% through the US-Ireland DTT.

Same here
How does it work when filling in a Self Assessment?
Can we claim any reduction on the UK dividend tax?

[Deleted User]

Hi,

think there is a bit on form for oversea investments.

Matt_22

May just move my Charles Stanley for now. That was 0.35% running cost. With over a 100k in it works out alot.

John464

frugalmacdugal said:

Hi,

think there is a bit on form for oversea investments.

Yes but the dividend tax calculation appears to work out the same as dividend tax on UK shares
So I wondered if we should be getting something back for the 15% tax on Irish domiciled ETFs with US holdings masonic mentions?

ColdIron

Matt_22 said:

May just move my Charles Stanley for now. That was 0.35% running cost. With over a 100k in it works out alot.

I was with CSD until 2018 when I moved to IWeb after they went up from 0.25%. A shame as I liked them, very efficient and the customer service was excellent, but in the end I couldn't justify 0.35% for a portfolio that mostly just sat there with little activity. I've never regretted the move

dealyboy

@masonic said:

Matt_22 said:

Iweb is a good idea for someone with 200k in investments as would be saving £500 a year fees. I just thinking there must be a catch. There doesn't appear one. I only !!!!!! to my account to buy say 10 times a year so only a charge of £50 dealing fees.

The way I see it is that it is common for companies to have different brand identities to capture different parts of the retail market. LBG have had to build and support the infrastructure used to service their more premium services. These services won't be of interest to those wishing to minimise costs, so to harvest that business they have created a basic offering that is less attractive to their feature-driven clientele, but mops up the moneysavers, and anything additional they can earn using their existing infrastructure is something of a bonus. In reality they will have some additional costs associated with the basic brand and additional load upon their systems, but perhaps they get enough from trading fees for this still to be a viable business model.

Also a satisfied iWeb S&S ISA holder, for five years now.

As well as mopping up those who who only need a low/no cost basic (but adequate) set of features, they are also denying the competition! (always a worthy business aim).

Matt_22

ColdIron said:

Matt_22 said:

May just move my Charles Stanley for now. That was 0.35% running cost. With over a 100k in it works out alot.

I was with CSD until 2018 when I moved to IWeb after they went up from 0.25%. A shame as I liked them, very efficient and the customer service was excellent, but in the end I couldn't justify 0.35% for a portfolio that mostly just sat there with little activity. I've never regretted the move

Is it a sizeable amount you had with them? Yes the charges are alot. Or it definitely adds up with a larger amount.

Matt_22

dealyboy said:

@masonic said:

Matt_22 said:

Iweb is a good idea for someone with 200k in investments as would be saving £500 a year fees. I just thinking there must be a catch. There doesn't appear one. I only !!!!!! to my account to buy say 10 times a year so only a charge of £50 dealing fees.

The way I see it is that it is common for companies to have different brand identities to capture different parts of the retail market. LBG have had to build and support the infrastructure used to service their more premium services. These services won't be of interest to those wishing to minimise costs, so to harvest that business they have created a basic offering that is less attractive to their feature-driven clientele, but mops up the moneysavers, and anything additional they can earn using their existing infrastructure is something of a bonus. In reality they will have some additional costs associated with the basic brand and additional load upon their systems, but perhaps they get enough from trading fees for this still to be a viable business model.

Also a satisfied iWeb S&S ISA holder, for five years now.

As well as mopping up those who who only need a low/no cost basic (but adequate) set of features, they are also denying the competition! (always a worthy business aim).

What do you mean denying the competition?

jimjames

Mark_d said:

I have a portfolio of Share and ETFs, both in dealing account and stocks & shares ISA.  I used to use IWeb.  Never had any real problem with them but chose to move to AJ Bell.  Even though AJ Bell charge a small amount in fees, I think it's certainly worth it mainly because of their mobile app.

I've never found any need for a mobile app to monitor investments. It's different to a bank where I need to check my balance/transactions regularly. If anything an app might encourage too much portfolio churn.

I've been with iWeb for 8 years. Very happy with them especially saving over £1300 a year in fees compared to my previous company. That definitely adds up as it's over £10k now that's in my portfolio not in their coffers!