Transferring ISA and SIPP out of Vanguard

Money_Mad

I currently have some of my investments in Vanguard where I am paying the maximum £375 a year on account fees. I am looking to transfer out to reduce the fees
can anyone recommend a good alternative platform with the aim of reducing fees. I don’t mind paying some fees.
This is only for existing investments, new contributions to my S&S ISA and SIPP are with T212 and Invest Engine, but I’m a bit reluctant to transfer large sums to relatively new platforms especially if those platforms are not currently profitable

jaybeetoo

Without knowing the size of your ISA and SIPP it’s difficult to advise.

jimjames

If you're paying the maximum fees so in excess of £250k holdings then ii would definitely be cheaper. You can always split the pots so ISA with one company and SIPP with another. I use SWSD (iWeb) for my ISA as it has zero holding fees and ii for SIPP.

GeoffTF

SWSD (formerly iWeb) is the obvious choice. No custody fees. Part of the Lloyds Banking Group. I have been using them for over 15 years. It is a better service than Vanguard's. Their SIPP may not the cheapest though.

tetrarch

IMO, ii are exceptionally good value for a multi-product offering

I'm paying the same for my holding as my Mother is for hers and I have ten times as much in holdings

Regards

Tet

Aylesbury_Duck

I've been adding to my Vanguard S&S ISA for years, and once I've filled my ISA allocation for the year, I transfer it to iWeb to avoid the 0.15% holding fee Vanguard charges. The additions to Vanguard cost nothing in transaction fees, so it's a good vehicle for building a sum and then dumping it elsewhere. It sounds like you could do the same with T212.

Aminatidi

II or IWEB (Scottish Widdows) is who I'd look at assuming you want a dull solid reliable platform.

GeoffTF

https://forums.moneysavingexpert.com/discussion/comment/81957423#Comment_81957423

Vanguard now has a minimum charge of £4 per month:

https://www.vanguardinvestor.co.uk/what-we-offer/fees-explained

Aylesbury_Duck

https://forums.moneysavingexpert.com/discussion/comment/81957711#Comment_81957711

Oh yes, I forgot that. I have a SIPP with them that's above £32k so the minimum fee threshold hasn't affected me.

Aylesbury_Duck

https://forums.moneysavingexpert.com/discussion/comment/81957906#Comment_81957906

Yes, I've considered it. At the moment, my investments are too irregular in frequency and amount to make it work, but that may change.

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81957942#Comment_81957942

"Regular" investing with SWSD doesn't have to be regular. You can set it up as a one off investment. The trouble is there are only certain days when you can invest using the facility so the price might change in the interim. Also I am not sure it covers everything you might want to buy. But it is worth a look.