Transfer S&S ISA from Vanguard to Trading 212

Alexland

WastedWords said:

No need to go 100% equities with T212 or InvestEngine. There are plenty of bond ETFs to choose from to create whatever balance you like.

True if the OP wants to get into running multi-investment portfolios?

eskbanker

Alexland said:

MaterialGirl* said:

I’ve only been paying £2.25 for the last quarter in fees. I’ve been adding monthly, but I think £48 will still be a  high fee compared to what I have in it.

I will look into HL, thank you.

HL charge 0.45% so would cost you £6.75 pm so it would be cheaper to say with Vanguard especially if you are still contributing as the gap between what you would have paid at 0.15% and what you will pay at the new £4 minimum (which is the equivalent of 0.27% of your account value) will reduce back down to 0.15% once the assets have nearly doubled to £32k. For the £1.75 pm difference which will reduce over time maybe just leave it alone if you are happy with the fund and service.

If OP is paying Vanguard £2.25 per quarter, then HL would be £6.75 per quarter (i.e. cheaper than Vanguard's new rate) not £6.75 per month (i.e. more expensive than Vanguard's new rate)?

Alexland

eskbanker said:

If OP is paying Vanguard £2.25 per quarter, then HL would be £6.75 per quarter (i.e. cheaper than Vanguard's new rate) not £6.75 per month (i.e. more expensive than Vanguard's new rate)?

Aah yes apologies in which case the increase does make Vanguard very expensive for a portfolio that size so the cheapest place I know to hold VLS while regularly contributing would be Fidelity at 0.35% cheaper than HL at 0.45%. Fidelity requite a regular savings plan to be setup otherwise they apply a minimum fee.

Other options include Dodl who offer the AJ Bell multi asset funds, HSBC Investment Center who offer their Global Strategy multi asset funds; or building an ETF portfolio on T212 or InvestEngine.

Alexland

Alexland said:
the cheapest place I know to hold VLS while regularly contributing would be Fidelity at 0.35% cheaper than HL at 0.45%. Fidelity requite a regular savings plan to be setup otherwise they apply a minimum fee.

Actually another post on another thread just reminded me that Barclays at 0.25% might be good for holding VLS.

MaterialGirl*

Thank you all for the helpful replies, much appreciated. 

diuneilomo

In-specie transfer is still not possible if you go from Vanguard to trading 212, even the products you hold are available on both platforms. I was only told after THREE months of waiting that vanguard can only deliver via Crest and trading 212 can only receive via Euroclear.  So it's not possible. Ridiculous. I won't be the first one to submit this kind of transfer request. I lost money because I can't trade during the entire period. It's absolutely a disgrace.

loau

I want to leave Vanguard and transfer to T212, but I'm hesitating because of all the comments that transfers out of Vanguard take months to complete. 

Has anyone got a story of it going smoothly and fast? If I sell my Vanguard funds back to cash and then initiate the transfer as a cash transfer, would that type of transfer be done in 1-2 weeks?