Transfer of Stocks and Shares ISA

greenocklassie

I have had the same stocks and shares ISA for 20 years with the same company it was originally Skandia and is now Quilter. I have never made any withdrawals or bought or sold any shares on the platform. I feel the charges are high as I do not do any dealings.  I am looking to move my Stocks and Shares ISA to another platform. I would appreciate any advise on what I do and any recommendations for which sort of provider would be best for me. Thanking you in anticipation.

dunstonh

 I would appreciate any advise on what I do and any recommendations for which sort of provider would be best for me.

Impossible to answer on the limited information you have given.

People wont be able to answer without knowing the amounts involved and what asset types you are looking to invest in.    Certain platforms are priced to attract different types of assets.  e.g. Unit Trusts, OEICS, ETFs, ITs, shares, gilts etc.     

jimjames

greenocklassie said:

I have had the same stocks and shares ISA for 20 years with the same company it was originally Skandia and is now Quilter. I have never made any withdrawals or bought or sold any shares on the platform. I feel the charges are high as I do not do any dealings.  I am looking to move my Stocks and Shares ISA to another platform. I would appreciate any advise on what I do and any recommendations for which sort of provider would be best for me. Thanking you in anticipation.

If you do no dealings then you can't get any cheaper than iWeb which will cost you nothing. Long established so less risk that some of the newer providers.

Albermarle

What investments are you currently holding in your Quilter S&S ISA?

greenocklassie

My portfolio is valued about £66k 
Janus Henderson Select Global Select Scc (U)
JPM Emerging markets ACC U2
Fidelity Global Special Situations Acc U
Fidelity Special ACC U
Invesco European Equity (Uk) Inc U

Albermarle

greenocklassie said:

My portfolio is valued about £66k 
Janus Henderson Select Global Select Scc (U)
JPM Emerging markets ACC U2
Fidelity Global Special Situations Acc U
Fidelity Special ACC U
Invesco European Equity (Uk) Inc U

it looks like these are mainly actively managed funds, which have higher charges.
If you move to another S&S ISA, you should look at cheaper passive investments.
This will probably save more money than the actual charges for the S&S ISA, although you will probably get lower charges for that as well.
For a fund of that size, you could easily reduce the overall charge for investments and platform to around 0.5% and less if you put your mind to it.
How much are you paying now - 1.5% ??