Vanguard?

GeoffTF

Beddie said:

Other options:

Trading 212
CMC invest
Prosper
Freetrade
Investengine

I use T212 and CMC invest and am happy with both.

Vanguard's platform is primarily aimed at people who would be given a headache by all of that. They know about Vanguard because they have seen an advert. Vanguard's platform only offers Vanguard funds, which makes it so much easier. They are directed straight to Life Strategy and Target Retirement. They pick one of those. Job done.

There are cheaper platforms and cheaper funds, but Vanguard is nonetheless a reasonable choice. Someone who knows nothing would most likely have picked a worse option. Education is good, but a little knowledge is a dangerous thing. Read some of the posts here!

MX5huggy

It was a reasonable choice. But with the minimum fee of £4 a month it’s no longer a sensible choice for the small investor just starting out say £100 per month. 

GeoffTF

MX5huggy said:

It was a reasonable choice. But with the minimum fee of £4 a month it’s no longer a sensible choice for the small investor just starting out say £100 per month. 

Is there a much cheaper option to hold a multi-asset fund in a SIPP and an ISA? Does it make it as easy for someone who knows nothing to pick a suitable multi-asset fund? How is someone who cannot cope with comparison sites going to know about the platform in the first place?

Nurse2047

https://youtu.be/so8w0fkUQhc?si=_H5hApP_YjEeLXpt Maybe useful to watch 

https://youtu.be/IIIQNdA1I10?si=mcbdm3-qbVVRh52-

and 

https://youtu.be/GJT0HGJzn5U?si=Z4jSI-wzjp-CtnUN

Labtebricolist

The Monevator broker comparison tool is a useful starting point if you’re looking to compare fees and so on.

Personally, whilst I do want to minimise transaction and platform fees, I don’t want to do so at the expense of security and longevity as untangling assets held through an insolvent broker would be a monstrous pain in the backside.  

So long as the platform fees aren’t horrendous, I don’t do a lot of active trading - rebalancing and charging up assets a couple of times per year is all I need, so lower platform costs outweigh lower transaction fees.

jd84

GeoffTF said:

MX5huggy said:

It was a reasonable choice. But with the minimum fee of £4 a month it’s no longer a sensible choice for the small investor just starting out say £100 per month. 

Is there a much cheaper option to hold a multi-asset fund in a SIPP and an ISA? Does it make it as easy for someone who knows nothing to pick a suitable multi-asset fund? How is someone who cannot cope with comparison sites going to know about the platform in the first place?

You can hold funds in iweb's ISA for zero

boingy

For me Vanguard make more sense for SIPPs than ISAs.
There are loads of cheaper ISA options out there but SIPPs all have fees, some simpler to follow than others especially if you are in drawdown.

GeoffTF

jd84 said:

GeoffTF said:

MX5huggy said:

It was a reasonable choice. But with the minimum fee of £4 a month it’s no longer a sensible choice for the small investor just starting out say £100 per month. 

Is there a much cheaper option to hold a multi-asset fund in a SIPP and an ISA? Does it make it as easy for someone who knows nothing to pick a suitable multi-asset fund? How is someone who cannot cope with comparison sites going to know about the platform in the first place?

You can hold funds in iweb's ISA for zero

Yes, but if they are a big enough fish to need both an ISA and a SIPP, they will likely be paying iWeb £45 a quarter for the SIPP. If they are making monthly contributions to both the ISA and the SIPP, that is another £120. If they are more sophisticated, they could use ETFs and Fidelity for the SIPP. Vanguard's platform is aimed at the mass market, which is not sophisticated.