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Transfer S&S ISA from Vanguard to Trading 212

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  • Alexland
    Alexland Posts: 10,183 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    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
    eskbanker Posts: 37,065 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Alexland 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
    Alexland Posts: 10,183 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    edited 16 December 2024 at 11:37AM
    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 Posts: 10,183 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    edited 16 December 2024 at 2:04PM
    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.
  • Thank you all for the helpful replies, much appreciated. 
  • 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
    loau Posts: 6 Forumite
    Photogenic First Post
    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? 

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