Lowest cost / best investment platform for large investments (£2m+)

BillyCal

Hi,

I'm thinking about moving away from Chares Stanley Direct to another platform, but they mostly seem to have complex fee structures that makes like for like comparisons tricky. What platforms do others use? Has anyone else done (or tried to do) accurate cost comparisons?

Alistair31

Lowest cost may or may not be best for you, however…

https://monevator.com/compare-uk-cheapest-online-brokers/

Alexland

Personally I like to spread my assets between a few reputable platforms so as not to have too high proportion of my wealth with a single provider while still trying to get excellent value for money. It really does depend on if the assets are in general investment accounts, ISAs, penisons, etc and what type of assets you hold such as funds or exchange traded assets and your likely trade pattern as to which provider combinations works out best value.

As a starter you could look at https://www.comparefundplatforms.com/ to get some ideas.

There are usually some cashback incentives for moving large accounts eg Fidelity who can offer excellent value capped at £90 pa +trades for exchange traded assets (not funds) across all account types. I have been a happy customer for over 20 years.

https://www.fidelity.co.uk/pension-transfer/#cashback-offer

iWeb (owned by Halifax/Lloyds banking group) can offer excellent value on general investment accounts and ISAs with either exchange traded assets or funds with no ongoing fees and £5/trade. Again a happy customer.

Of if you want a large SIPP in funds then consider Interactive Investor. Sometimes they offer large transfer cashback incentives similar to Fidelity but not at the moment. Am currently on a cashback deal with them.

dunstonh

At that sort of lump sum value, you are probably looking at multiple tax wrappers, including offshore bond.   So, you would need to make sure that the platform offers the tax wrappers you are using.  However, you haven't said what tax wrappers you are using.

Linton

II is fixed rate and has comparable facilities to other mainstream platforms so extra good value for very large portfolios.


I think you should you look deeply into tax optimisation.  Paid-for advice from an IFA may be worthwhile.

jimjames

iWeb would cost you nothing for long term buy & hold (assuming it's ISA or GIA)