Isa commission

jimjames

Carmadcolin said:

eskbanker said:

Carmadcolin said:

Albermarle said:

5% commission for what ? to who ?

For opening the ISA 

There shouldn't be any charge for opening an ISA, even if there is one for subsequently purchasing investments within the wrapper, an entirely separate activity.

Carmadcolin said:

is this a scam or normal

It certainly sounds suspicious, so please clarify more detail about who you're dealing with - is this a proper regulated institution or some dodgy outfit found via social media?

Large company 

It's not exactly helping anyone to give you feedback when everything is being drip fed out. Maybe it would help if you explain the whole story of how you came to agree this ISA with 5% commission and what exactly you've agreed to.

wmb194

Carmadcolin said:

eskbanker said:

Carmadcolin said:

Albermarle said:

5% commission for what ? to who ?

For opening the ISA 

There shouldn't be any charge for opening an ISA, even if there is one for subsequently purchasing investments within the wrapper, an entirely separate activity.

Carmadcolin said:

is this a scam or normal

It certainly sounds suspicious, so please clarify more detail about who you're dealing with - is this a proper regulated institution or some dodgy outfit found via social media?

Large company 

St. James' Place? A 5% investment fee plus a small transaction fee sounds about right. If it is, you can do better elsewhere.

Carmadcolin

wmb194 said:

Carmadcolin said:

eskbanker said:

Carmadcolin said:

Albermarle said:

5% commission for what ? to who ?

For opening the ISA 

There shouldn't be any charge for opening an ISA, even if there is one for subsequently purchasing investments within the wrapper, an entirely separate activity.

Carmadcolin said:

is this a scam or normal

It certainly sounds suspicious, so please clarify more detail about who you're dealing with - is this a proper regulated institution or some dodgy outfit found via social media?

Large company 

St. James' Place? A 5% investment fee plus a small transaction fee sounds about right. If it is, you can do better elsewhere.

Thanks but it was more than 5% 5%on the commission as well 78 pound extra on 30k lost my custom 

eskbanker

Carmadcolin said:

Thanks but it was more than 5% 5%on the commission as well 78 pound extra on 30k lost my custom 

You dodged a bullet there then - put your money somewhere else instead, pretty much anywhere else will be cheaper!  What led you to them in the first place?

wmb194

Carmadcolin said:

wmb194 said:

Carmadcolin said:

eskbanker said:

Carmadcolin said:

Albermarle said:

5% commission for what ? to who ?

For opening the ISA 

There shouldn't be any charge for opening an ISA, even if there is one for subsequently purchasing investments within the wrapper, an entirely separate activity.

Carmadcolin said:

is this a scam or normal

It certainly sounds suspicious, so please clarify more detail about who you're dealing with - is this a proper regulated institution or some dodgy outfit found via social media?

Large company 

St. James' Place? A 5% investment fee plus a small transaction fee sounds about right. If it is, you can do better elsewhere.

Thanks but it was more than 5% 5%on the commission as well 78 pound extra on 30k lost my custom 

£78 on £30,000 is nothing - 0.26%. For instance, I regularly pay 0.5% stamp duty when buying shares in investment trusts so that doesn't really faze me, it's the unnecessary 5% - £1,500 - that would put me off.

Carmadcolin

Carmadcolin said:

eskbanker said:

Carmadcolin said:

Albermarle said:

5% commission for what ? to who ?

For opening the ISA 

There shouldn't be any charge for opening an ISA, even if there is one for subsequently purchasing investments within the wrapper, an entirely separate activity.

Carmadcolin said:

is this a scam or normal

It certainly sounds suspicious, so please clarify more detail about who you're dealing with - is this a proper regulated institution or some dodgy outfit found via social media?

Large company 

St James place 

dunstonh

Carmadcolin said:

Carmadcolin said:

eskbanker said:

Carmadcolin said:

Albermarle said:

5% commission for what ? to who ?

For opening the ISA 

There shouldn't be any charge for opening an ISA, even if there is one for subsequently purchasing investments within the wrapper, an entirely separate activity.

Carmadcolin said:

is this a scam or normal

It certainly sounds suspicious, so please clarify more detail about who you're dealing with - is this a proper regulated institution or some dodgy outfit found via social media?

Large company 

St James place 

St James Place are not allowed to take a commission.  They are fee based.  
However, they are one of the most expensive distribution channels going.

Carmadcolin

eskbanker said:

Carmadcolin said:

Thanks but it was more than 5% 5%on the commission as well 78 pound extra on 30k lost my custom 

You dodged a bullet there then - put your money somewhere else instead, pretty much anywhere else will be cheaper!  What led you to them in the first place?

Just ordered solar panels 

QrizB

Carmadcolin said:

eskbanker said:

Carmadcolin said:

Thanks but it was more than 5% 5%on the commission as well 78 pound extra on 30k lost my custom 

You dodged a bullet there then - put your money somewhere else instead, pretty much anywhere else will be cheaper!  What led you to them in the first place?

Just ordered solar panels 

If you would like to share your quote over on the "Green and Ethical" forum, our solar geeks will be happy to give you feedback.
https://forums.moneysavingexpert.com/categories/green-ethical-moneysaving

eskbanker

Carmadcolin said:

eskbanker said:

Carmadcolin said:

Thanks but it was more than 5% 5%on the commission as well 78 pound extra on 30k lost my custom 

You dodged a bullet there then - put your money somewhere else instead, pretty much anywhere else will be cheaper!  What led you to them in the first place?

Just ordered solar panels 

Are you literally saying that on Friday you were unhappy at the commission on a S&S ISA so on Monday you decided instead to buy solar panels with that same £30K?