Alternative to Hargreaves Lansdown

Newbie_John

Albermarle said:

Newbie_John said:

Barclays Smart Investor.

You can keep all there, fund fee is cheaper 0.25% Vs 0.44% at HL, very similar choice of funds although some are oddly named "absolute return" may be called "AbsRt ACC".

Absolute return funds are nothing unusual.
The idea is that they will always make some kind of return, even when markets are down.
However some performed abysmally in the past, recording almost zero growth even when markets were booming.
Maybe some have done OK, I only know that the one I had in my workplace pension performed really bad.

That's just an example, my point was that it's harder to find certain funds as there is no specific naming convention. In HL they all have a full name whereas in Barclays some are called Return, some Ret, Rtn, RT.. sometimes spaces are missing etc.
So if someone is not used to the platform they may struggle to find their favourite ones and assume they're not there.

@poseidon1, nobody is asking for an exact copy. It's an alternative, and all can be combined into Barclays App, where I can see smart investor, ISAs - with some choice but all Barclays owned I think max is Premier 1 year with 4.1%.

ColdIron

Newbie_John said:

Albermarle said:

Newbie_John said:

Barclays Smart Investor.

You can keep all there, fund fee is cheaper 0.25% Vs 0.44% at HL, very similar choice of funds although some are oddly named "absolute return" may be called "AbsRt ACC".

Absolute return funds are nothing unusual.
The idea is that they will always make some kind of return, even when markets are down.
However some performed abysmally in the past, recording almost zero growth even when markets were booming.
Maybe some have done OK, I only know that the one I had in my workplace pension performed really bad.

That's just an example, my point was that it's harder to find certain funds as there is no specific naming convention. In HL they all have a full name whereas in Barclays some are called Return, some Ret, Rtn, RT.. sometimes spaces are missing etc.

You think HL is immune to this?

Newbie_John

ColdIron said:

Newbie_John said:

Albermarle said:

Newbie_John said:

Barclays Smart Investor.

You can keep all there, fund fee is cheaper 0.25% Vs 0.44% at HL, very similar choice of funds although some are oddly named "absolute return" may be called "AbsRt ACC".

Absolute return funds are nothing unusual.
The idea is that they will always make some kind of return, even when markets are down.
However some performed abysmally in the past, recording almost zero growth even when markets were booming.
Maybe some have done OK, I only know that the one I had in my workplace pension performed really bad.

That's just an example, my point was that it's harder to find certain funds as there is no specific naming convention. In HL they all have a full name whereas in Barclays some are called Return, some Ret, Rtn, RT.. sometimes spaces are missing etc.

You think HL is immune to this?

I've done similar journey to the OP trying to simplify my finances and have it all in one place with lower costs and moved from HL to Barclays. This is just my experience, the funds I had there - full names - were spelled like this in Barclays "ShtTmFdInc". 

poseidon1

Newbie_John said:

Albermarle said:

Newbie_John said:

Barclays Smart Investor.

You can keep all there, fund fee is cheaper 0.25% Vs 0.44% at HL, very similar choice of funds although some are oddly named "absolute return" may be called "AbsRt ACC".

Absolute return funds are nothing unusual.
The idea is that they will always make some kind of return, even when markets are down.
However some performed abysmally in the past, recording almost zero growth even when markets were booming.
Maybe some have done OK, I only know that the one I had in my workplace pension performed really bad.

That's just an example, my point was that it's harder to find certain funds as there is no specific naming convention. In HL they all have a full name whereas in Barclays some are called Return, some Ret, Rtn, RT.. sometimes spaces are missing etc.
So if someone is not used to the platform they may struggle to find their favourite ones and assume they're not there.

@poseidon1, nobody is asking for an exact copy. It's an alternative, and all can be combined into Barclays App, where I can see smart investor, ISAs - with some choice but all Barclays owned I think max is Premier 1 year with 4.1%.

This is the OP's thread and that is exactly what he seems to have asked for, to quote 
 ' ....So I am looking for an alternative that does the same'. 

 I have taken him at his word hence highlighting HL's unique proposition that he has become accustomed to and that no other platform has replicated ( so far).

If the OP is actually saying that he is not looking for an exact replica for what he has at the moment, then all well and good and this thread can continue to try and assist and flag the likes of Barclays Smartsaver which may have it merits, but does not afford the OP access to the wider ( better) alternative cash savings accounts ( for example) which also seems to be important to him.

Time for the OP to  intervene and express whether he is happy to step away from HL for better but less convenient services. 

masonic

poseidon1 said:
Time for the OP to  intervene and express whether he is happy to step away from HL for better but less convenient services. 

I would say the following is a fairly clear preference for an all-in-one setup:

Matello said:

DRS1 said:

The OP may have in mind an outfit which can cover all three of these things under one roof.  If so the list becomes much shorter.

That's correct. I currently have a Stock & Shares ISA, a Cash ISA and Savings accounts with HL.
So I am looking for an alternative that does the same.
I'm not interested in individual shares but Investment Funds for my S&S ISA.
I also like to keep my Cash ISA in there and my savings accounts.
The downside of HL savings accounts is I can't set up a direct debit so have to remember monthly.

Martico

I don't have an HL account, but do their savings accounts accept standing orders, given that the OP's only gripe is that they won't take a DD?

poseidon1

Martico said:

I don't have an HL account, but do their savings accounts accept standing orders, given that the OP's only gripe is that they won't take a DD?

HL's platform does many things but does not accommodate regular monthly cash savings accounts by DD.

When navigating their cash savings accounts you have to move money in and out of their cash hub ( a form of holding account with Barclay) before deciding on which of the third party banks you want to save with. It's a manual excercise, and if you are not careful you could accidentally leave money in the non interest bearing cash hub, having not fully completed your inward transfer to the third party.

Similarly if you want monthly interest paid out to your own bank account ( only available with instant access arrangements) again you have to do this yourself manually. It's one of the reasons I ceased using their cash savings service and manage my many savings accounts myself.
 

DRS1

OP I don't know if you have a HL Fund and Share account but you can set up a direct debit to that.  You can also transfer money from the cash held on the Fund and Share Account to the Active Savings.  Maybe that would work and save you trying to find an alternative to HL.

LHW99

poseidon1 said:

Martico said:

I don't have an HL account, but do their savings accounts accept standing orders, given that the OP's only gripe is that they won't take a DD?

HL's platform does many things but does not accommodate regular monthly cash savings accounts by DD.

When navigating their cash savings accounts you have to move money in and out of their cash hub ( a form of holding account with Barclay) before deciding on which of the third party banks you want to save with. It's a manual excercise, and if you are not careful you could accidentally leave money in the non interest bearing cash hub, having not fully completed your inward transfer to the third party.

Similarly if you want monthly interest paid out to your own bank account ( only available with instant access arrangements) again you have to do this yourself manually. It's one of the reasons I ceased using their cash savings service and manage my many savings accounts myself.
 

I also tried the HL umbrella, but found managing it unwieldy and not intuitive.

In the end I withdrew the money (except for £1 which I couldn't make it let go of) and transferred that to an existing S&S ISA.