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Moving to Vanguard to save on investment fees

Prudent3 · 2024-03-22 11:05:45

I am a novice when it comes to investments so have relied on a financial advisor to date. I have a pot of around £200k split between a stocks and shares ISA and SIPP. Recent review of costs are working out at 2.1% which seems high in comparison to the Vanguard Life Strategy portfolio. I’m inclined to move but obviously…

Comments

Albermarle Posts: 29,733 Forumite

1 April 2024 at 4:08PM

Prudent3 said:

It’s a managed portfolio, usual 60/40 spread across UK/overseas equities
and bonds.

Probably worth comparing its performance ( over as a long a time period as possible) with a low cost 60/40 multi asset fund, such as Vanguard Life Strategy 60 or HSBC global strategy Balanced.
These cost around 0.2% and can be held on an investment platform typically costing around 0.25%

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