Fidelity new charging structure

C_Mababejive wrote: »

Just digressing slightly and not wanting to start a whole new thread !
Im currently looking at the Cavendish on line platform and am finding it very difficult to isolate the fund i want to invest in. The Fund codes are not showing despite having that box ticked in the display menu. The matter isnt helped by platform providers describing the fund differently..for example GB 0003863916..

Is it just me having this issue with no ISIN codes?

Fidelity Money Builder Income for that example through Morningstar ISIN search on UT Compare tab.

If that was the one you were looking for I hold it through Cavendish.

Porcupine wrote: »

I was messing about with the 'buy an ISA' form from Cavendish via Fidelity.
Something surprised me. If I tick 'passive' in the MorningStar-powered search thing they provide, a whole load of ETFs and I-class funds pop up. Does that really mean I can buy ETFs with no deal fees? There's a 0.25% additional fee to hold them. but I can live with that. For example, the cheapest fund is 0.09%. So even with the 0.25% addition it's still competitive. Or will I go through the process and be told that the minimum spend is a million pounds or something?

Is this unusual, or the norm in the post-RDR new world order?

There's a deal fee in buying ETFs through Cavendish/Fidelity (probably also Fidelity on its own). It's minimal though- it seems to charge 0.1% for either a switch or a new investment.

As you say, there's also the ongoing 0.25% additional platform fee to hold these on Fidelity.

Porcupine wrote: »

Seems like they make it as awkward as possible to actually buy things

Indeed, you have to find them by name, then download the "Important Investor Information" PDF to be able to find the ISIN to make sure its the same before proceeding.

It does seem to be that they are making things easier for the beginner (who is likely to purchase the wrong fund through inexperience) and harder for the seasonal investor who knows what they are looking for.

Saying that, I created a new account on Fidelity to get the £100 cashback. I wonder whether I should transfer those funds to Cavendish after the three months are up and I get paid? It seems they use the same platform, but I'm not sure what the difference would in charges yet.

G_M wrote: »

Well now I'm really confused! Is this thread about fidelity or cavandish?

and how does one actually compare thm?

I was on the point of transferring from F to C on the assumption I'd get some rebate, and free switches, but reading the above I no longer understand.

And if Cavandish platform is so hard to use (even though it's the same as Fidelity's.....???) is transferring wise?

:idea:

I use Cavendish to invest.

Once you log in it looks like a mirror of Fidelity. The login allows you in through Cavendish or direct onto Fidelity which is the way I go to view portfolio. I could use Fidelity by the looks of things to buy/sell. It gives you Xray.

Somebody here has suggested that if you go in through Fidelity and insert the Cavendish broker number you still get the Cavendish terms but I haven't tried it.

A Cavendish log on doesn't allow you to to see profit and loss, but it will if you use the Fidelity mobile service??

I don't know how they would work out the rebates, switches etc if you transfer but I don't think you would notice much difference, if any, in actual usability.

My contract notes are direct from Fidelity.