Platform recommendations for move to DIY

DT2001

We are about to return to DIY’ing our investments after a number of years with an IFA. We have achieved our goals (FI) but recently been moved to another IFA within the same firm. This combined with an increase in ongoing fees and an adoption of a passive investing policy have lead me to the conclusion that we would be better off using DIY plus one off consultation for any major events. 

Does anyone have a recommendation for a suitable platform or a source of comparative costs etc.?

We have SIPPS £650K and ISAS £530k. Nothing is being drawn down at present but would like the option of regular withdrawals. We are adding monthly to one SIPP and irregularly to the ISAS.
We want to invest in global funds and will probably split into just 3 or 4 holdings.
Our children will also move - each has a small SIPP (about £12k) and ISA (£40-50k). 

ColdIron

DT2001 said:

Does anyone have a recommendation for a suitable platform or a source of comparative costs etc.?

Monevator has a handy list of brokers and fee structures

https://monevator.com/compare-uk-cheapest-online-brokers

tacpot12

I can recommend AJ Bell. I have a Stocks and Shares ISA and a SIPP with them. My partner also had a SIPP with them, but has emptied the account so it is closed. 

MallyGirl

For those sort of values the fixed fee model providers will be better for you. I know interactive investor is one but there are others I am sure

Ibrahim5

It's always lovely to hear some good news.

LHW99

MallyGirl said:

For those sort of values the fixed fee model providers will be better for you. I know interactive investor is one but there are others I am sure

II should be relatively cheap for that value of investments.

Depending on what funds you have been set up with by the IFA though, you might have to transfer in cash, as not all IFA funds are available on DIY platforms.

Also worth checking that II or whichever platform you go with has the funds you want to invest in.

Albermarle

MallyGirl said:

For those sort of values the fixed fee model providers will be better for you. I know interactive investor is one but there are others I am sure

Although if you stick to certain types of investments ( shares, ETFs and Investment Trusts) fees at Fidelity, AJ Bell and HL are capped at relatively low levels.
Whereas if you are invested in just OEIC funds, then all those three would be expensive compared to II.

OP - Are you looking to put everything with one provider, or more than one? I think with such relatively large sums, many would have two providers just in case of IT meltdown etc 

DT2001

Thank you all for the pointers. 

I’ll sort funds/ETFs first and then as Albermarle suggests look at splitting on to two providers.