X-O (Jarvis) online platform to close in the summer

Section62

Nova1307 said:

sjw1 said:

If they only need to be instructed by the 20th (not completed), I don't see the issue or need to delay? 

I'm travelling over the next couple of weeks and transferring from Jarvis requires a wet signature on hard copy documents according to iWEB whereas transferring from ii can be done electronically. Presumably because ii are part of the electronic transfer scheme and Jarvis aren't. 

IWeb said they needed a wet signature, but after I said post the form to me to sign (rather than me printing it myself) I got an email requesting I did an electronic signature on an adobe document.  I did that, then got a secure message saying the request has been logged ("Step 1" completed) and they'd now be contacting Jarvis for details of the account to transfer.

Nothing in the post (yet).  If they are already contacting Jarvis then I can't see why they'd still need a wet signature.

sjw1

Yes, as above, although they say a wet signature is required, I also got it a couple of days after initiating the transfer and could sign electronically.

KTF

I hold a small amount of shares with x-o and don't really want to pay the iii fee after the 6 month grace period.

Does anyone have any suggestions on how/where I can transfer them to?

Electrickery

Just received another e-mail from XO about my 'move' taking place around 5th July.

(Already notified them that I do not wish to move to Interactive Investor or have any

of my personal details to be sent to them, but it looks like automated mail).

I tried setting up an account with T212 (who seemed to want me to make home 

movies on a phone for some reason, so I gave up), then XTB which was supposed 

to be an S&S ISA but kept banging on about CFDs and ended up giving me what 

appeared to be a small entrance exam for wall street asking about margin 

calculations on forex deals(!) so I abandoned that one quickly.

Curious that nobody seems to have mentioned lightyear yet? They appear to be

a fairly straightforward exec only dealing site, £1 trading fee, no holding charges

and pay interest on cash held in the account (plus also have a cash ISA too).

Anyone had any experience of this company. It was a lot more straightforward

to set up than the others I tried and seems to handle electronic transfer easily. 

Only just got this done a couple of days ago, so hoping Jarvis will respond soon

and not start mucking about arranging things with II (a somewhat ironic choice

as II took over the previous company I was using and started charging fees

so I rapidly transferred out to XO to get away from them).

refluxer

KTF said:

I hold a small amount of shares with x-o and don't really want to pay the iii fee after the 6 month grace period.

Does anyone have any suggestions on how/where I can transfer them to?

I'm moving mine to IWeb, who are operated by Halifax Share Dealing Limited. There are no joining, monthly or inactivity fees and they charge a flat fee of £5 per trade for UK shares.

https://www.iweb-sharedealing.co.uk/our-accounts/share-dealing-account.html

where_are_we

KTF - another vote in favour of a transfer to IWeb. Hopefully they do not increase there charges in the near future.

My ISA transfer from x-o to IWeb has been completed efficiently in a reasonable time frame. Obviously time will tell  how good a service they will provide.

Ash_Pole

Electrickery said:

Curious that nobody seems to have mentioned lightyear yet? They appear to be

a fairly straightforward exec only dealing site, £1 trading fee, no holding charges

and pay interest on cash held in the account (plus also have a cash ISA too).

Anyone had any experience of this company. It was a lot more straightforward

to set up than the others I tried and seems to handle electronic transfer easily. 

I'd also be interested if anyone knows about lightyear. I'd never heard of it but may be worth looking into.

KTF

Thanks for the IWeb recommendations. I have opened an account with them and will transfer over.

I will probably wait until the move to iii is complete as they do electronic transfers where Jarvis is a signature on a paper. Given there are no charges for iii for 6 months there is no rush to transfer but didnt know who was the best alternative to use.

refluxer

KTF said:

Thanks for the IWeb recommendations. I have opened an account with them and will transfer over.

I will probably wait until the move to iii is complete as they do electronic transfers where Jarvis is a signature on a paper. Given there are no charges for iii for 6 months there is no rush to transfer but didnt know who was the best alternative to use.

If Jarvis require a wet signature, isn't there a chance one would be needed for the transfer to II ? I guess others may be able to confirm.

Section62

KTF said:

Thanks for the IWeb recommendations. I have opened an account with them and will transfer over.

I will probably wait until the move to iii is complete as they do electronic transfers where Jarvis is a signature on a paper. Given there are no charges for iii for 6 months there is no rush to transfer but didnt know who was the best alternative to use.

IWeb say they need a wet signature for Jarvis, but I selected 'post me the form' (or whatever it said) which then led to me being emailed an adobe document to sign electronically a few days later.

AFAIK this electronically signed document has set the ball in motion. (discussed earlier in the thread)

In effect you've got nothing to lose by starting the process now... if they do post you a form for wet signature (and there's no pre-paid reply envelope) then you could just ignore it if you want and wait for the move to ii.