Is this a no brainer for JISA?

AL2022

Hi,

I currently have my 2 year old's Junior ISA with Vanguard, entirely invested into LifeStrategy 100.

I've realised I should switch this to either Fidelity or Hargreaves Lansdown, both of whom don't charge their own service fee (Vanguard 0.15%) and I can continue to hold/buy LS100.

The fee is negligible enough for now but hopefully in time this will be a prudent bit of admin!

An in species transfer wouldn't cost me anything with exit/entry fees from what I can tell.

I'd like to broaden his portfolio with either a multi-asset fund with less home bias &/or a passive world index tracker - Vanguard's offering is relatively expensive vs. comparable from HSBC/Invesco.

Again small margins but over the next 16 years surely material enough!

All seem sensible to people?

Thanks

masonic

Well it's cheaper and you get more choice. Both alternatives are major players and will probably continue to offer this as a loss leader account. What's not to like?

Notepad_Phil

Sounds a sensible move to me, just make sure you do it in-specie so that you don't have to worry about any market gyrations over the period of it moving across. And as a note, after the transfer has completed you may need to check the old Vanguard platform from time to time over a few months to check whether any cash has materialised there from e.g. interest or dividends which you may need to chase Vanguard to transfer over as well.