Discount Brokers Discussion Area

Former_MSE_Dan

This thread is to discuss the new

Discount Brokers: Get more investment for less money article

including the new Buying Funds calculator, showing how much you can save by using a discount broker

Please click reply to discuss

Savila60

Choosing a discount broker also depends on responsiveness when you have questions or need help setting up or switching an investment, and on the quality of investor information they supply, online or in paper form, to help you make the important decisions on which funds to choose. Allenbridge are excellent on both counts, and I wouldn't use anyone else.

chris_o

I have some stocks and shares ISAs going back a number of years that were purchased through brokers that discounted the initial fees but did not rebate any of their ongoing annual commission. I'm not sure that any of them did at the time. I distinctly recall seeing somewhere that some brokers were providing an easy way to transfer your investments to them and rebating part of the annual commission. I've done a bit of hunting around and it seems that Elson Associates provide such a service. Anyone know any others?

ps2659

chris_o wrote: »

I have some stocks and shares ISAs going back a number of years that were purchased through brokers that discounted the initial fees but did not rebate any of their ongoing annual commission. I'm not sure that any of them did at the time. I distinctly recall seeing somewhere that some brokers were providing an easy way to transfer your investments to them and rebating part of the annual commission. I've done a bit of hunting around and it seems that Elson Associates provide such a service. Anyone know any others?

I have always used commshare and received 1st class service they pay annual commision direct to my bank, hope this is of use to you.

chris_o

Excellent, thanks.

paulyd2k

hi, wanting to do a funds isa, and have been doing a lot of research, but it`s a minefield out there, am thinking of doing a vantage isa with h&l, just wondering if anyone has heard any reports on this company or isa, many thanks paul

dunstonh

paulyd2k wrote: »

hi, wanting to do a funds isa, and have been doing a lot of research, but it`s a minefield out there, am thinking of doing a vantage isa with h&l, just wondering if anyone has heard any reports on this company or isa, many thanks paul

Do a search in this section for lots of references to them.

njf_3

Most of my ISA investments are held in investment trusts through ItsHenderson, whose charges seem very reasonable (£25 annual fee, £4.95 for online "smart" deal) but whose service has not impressed me. Are there any other fund supermarket/investment platforms that include a good range of investment trusts as well as unit trusts?

PS Have since discovered that Hargreaves Lansdown have an annual management charge for holding investment trusts within their Vantage ISA of 0.5% (+VAT) per year, capped at £200 (+VAT) per year. Although Bestinvest, unusually, offer research information on investment trusts on their website, I can't find details of their charges.

barak

njf wrote: »

Most of my ISA investments are held in investment trusts through ItsHenderson, whose charges seem very reasonable (£25 annual fee, £4.95 for online "smart" deal) but whose service has not impressed me.

I think they had a bit of a shaky start, but I now find their admin carried out by Equiniti very efficient.

EdInvestor

njf wrote: »

Are there any other fund supermarket/investment platforms that include a good range of investment trusts as well as unit trusts?

https://www.selftrade.co.uk

ITs (and ETFs) will tend to be better covered by the online stockbrokers rather than the fund supermarkets.

john_holgate

This website had previously steered me towards Cavendish Online.

Does anyone know why they are now seemingly out of favour?