Fund supermarket recommendation?

greenwich

I have an ISA with HSBC that I'd like to transfer to a fund supermarket, so I could easily switch funds when I want to. I am aware of Fidelity, Bestinvest/Cofunds, and Hargreaves Lansdown. Are there any others that people recommend?

I know that HSBC now have a fund supermarket but it has only about a dozen funds in it.

I found Chartwell and Chelsea FS via the web but I am reluctant to go with them they both use Cofunds and I already have an ISA with Cofunds via Bestinvest. I'd prefer not to put all my money with Cofunds in case there's a problem with them in future.

I'd appreciate your recommendations.

dunstonh

Other fund supermarkets/wraps include cofunds (as a standalone), Selestia, Skandia, Transact, Amex, Standard Life and a few other smaller ones.

Each supermarket has its pros and cons. For example, Selestia will not do mini ISAs, Cofunds will not let you re-register away from them (and their admin is awful). Although most have the major funds, there are some differences in the more specialist funds available. Some supermarkets dont allow fixed regular withdrawals or don't have free annual rebalancing.

Charges vary across the supermarkets. Also depending on the IFA you use (which includes the discount IFAs), the charges will vary as they may have negotiated better terms with one fund supermarket over another. Also, web based IFAs tend to use cofunds or Skandia as they have website plugins. Whereas the others do not (or make a charge for using one). A couple of the supermarkets/wraps are cheaper with larger amounts or where people do a lot of switching.

So, as to which one is best, it would depend on what you are looking for and which features/terms suit your goals. From a professional point of view, I find my company recommends across most of them because of the differences.