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  • FIRST POST
    • ed44
    • By ed44 12th Oct 16, 8:44 PM
    • 22Posts
    • 29Thanks
    ed44
    TD Direct sold to Interactive Investor
    • #1
    • 12th Oct 16, 8:44 PM
    TD Direct sold to Interactive Investor 12th Oct 16 at 8:44 PM
    https://www.moneymarketing.co.uk/interactive-investor-acquires-td-direct/

    http://www.tddirectinvesting.co.uk/special-pages/customer-information/?_ga=1.259966666.1942136220.1414500024

    No change to the TD service in the short term.
    Last edited by ed44; 12-10-2016 at 9:05 PM. Reason: changed link
Page 13
    • darkidoe
    • By darkidoe 1st Nov 17, 2:29 AM
    • 922 Posts
    • 1,071 Thanks
    darkidoe
    Works fine for me. They seem to have swapped the TD logo into the iii one but otherwise looks as it used to, same details work. I have initiated a transfer out. As a tip, if you go print portfolio you get a PDF that you can save to compare with what arrives in the other place.
    Originally posted by ermine
    Looks ugly. I have began the process of transfer to IG platform. Remember there is a bonus for transfer to IG platform!

    Save 12K in 2018 #31 0/15 000
    Save 12K in 2017 # 9 15,848.84/15 000 (105.65%) Achieved!
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    • badger09
    • By badger09 1st Nov 17, 1:20 PM
    • 5,941 Posts
    • 5,281 Thanks
    badger09
    What is the iweb portfolio/web interface like? I really like the TDW/II interface and wish i didnt have to consider moving. Also is the II new charching structure per account so that if you have a trading account and an ISA you will pay 2 x 22 per quarter?

    Its amazing that II want to charge me something when TD didnt charge me anything unless i traded and IG will give me 250 to come to them..
    Originally posted by C_Mababejive
    I use both IWeb and Hargreaves Lansdown (for my small SIPP) and don't have any experience of any other platform.

    The IWeb interface is basic, no bells and whistles but works fine for me. Be aware though that they don't offer everything. I enquired about L&G Multi Index funds some time ago and was told they don't offer them because they are not UCITS compliant.
    • capital0ne
    • By capital0ne 1st Nov 17, 6:41 PM
    • 422 Posts
    • 204 Thanks
    capital0ne
    I use both IWeb and Hargreaves Lansdown (for my small SIPP) and don't have any experience of any other platform.

    The IWeb interface is basic, no bells and whistles but works fine for me. Be aware though that they don't offer everything. I enquired about L&G Multi Index funds some time ago and was told they don't offer them because they are not UCITS compliant.
    Originally posted by badger09
    You can see what iWeb offer on their web site, check that out before squandering your 25 to open an account
    • JohnRo
    • By JohnRo 2nd Nov 17, 3:07 PM
    • 2,594 Posts
    • 2,408 Thanks
    JohnRo
    First time in about four years I haven't seen a dividend appear in the account on time as scheduled and expected, well done II. Are they still gaming clients dividend payouts?

    It was the main reason I ditched them years ago and it just reinforces my choice to get away from them again now.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
    • greenglide
    • By greenglide 2nd Nov 17, 5:26 PM
    • 3,076 Posts
    • 1,999 Thanks
    greenglide
    First time in about four years I haven't seen a dividend appear in the account on time as scheduled and expected, well done II. Are they still gaming clients dividend payouts?
    Is this in a TD account which has now been re branded as II?

    My October dividends arrived in my TD account on time this month and I have extracted the payment on 1st November as normal.

    My transfer out to HL has started and is shown as in progress in the TD account.

    Seem ok at present.
    • JohnRo
    • By JohnRo 3rd Nov 17, 10:47 PM
    • 2,594 Posts
    • 2,408 Thanks
    JohnRo
    Is this in a TD account which has now been re branded as II?
    Originally posted by greenglide
    Yes it is, I made a stupid mistake and mixed up some dates. I shouldn't have posted.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
    • C_Mababejive
    • By C_Mababejive 7th Nov 17, 11:49 AM
    • 10,416 Posts
    • 9,412 Thanks
    C_Mababejive
    Transfers initialised. I am really sorry to leave his platform. TDW have done an excellent job for me for years and its a great shame they have sold out. I am not prepared to pay a platform charge of 88 pa when other companies will pay ME to come to them and i can decide when and how to deal and take charges.

    PS for those whos accounts have already been transferred ,do the TDW accounts automatically close or do they remain accessible with zero holdings? I'm just thinking of the data held i.e contract notes etc..
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
    • greenglide
    • By greenglide 7th Nov 17, 12:03 PM
    • 3,076 Posts
    • 1,999 Thanks
    greenglide
    I got an email from TD/II as part of my transfer informing me that I would need to request closure of the account when the transfer, it wouldn't be automatic.

    I hope that will be true but have saved all the contract note, tax certificates etc.
    • JohnRo
    • By JohnRo 7th Nov 17, 12:03 PM
    • 2,594 Posts
    • 2,408 Thanks
    JohnRo
    I am really sorry to leave his platform.
    Likewise, I was told they would have closed the account automatically when I phoned them to make sure that would be the case.

    It's probably worth a phone call to be sure before the December deadline.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
    • economic
    • By economic 7th Nov 17, 12:10 PM
    • 2,937 Posts
    • 1,577 Thanks
    economic
    im not sure why so many are deciding to leave? the charges are a good thing for me and i would expect a good thing for most? yes there is an annual fee now but that can be offset by trading costs. also more crucially there is no platform fee for holding funds so my costs will go down a lot.

    or am i missing something?
    • TCA
    • By TCA 7th Nov 17, 12:23 PM
    • 1,352 Posts
    • 798 Thanks
    TCA
    Plenty folk don't trade and many TD customers would've been paying no custody fees at all.
    • bowlhead99
    • By bowlhead99 7th Nov 17, 12:53 PM
    • 7,699 Posts
    • 14,092 Thanks
    bowlhead99
    im not sure why so many are deciding to leave? the charges are a good thing for me and i would expect a good thing for most? yes there is an annual fee now but that can be offset by trading costs. also more crucially there is no platform fee for holding funds so my costs will go down a lot.

    or am i missing something?
    Originally posted by economic
    I can see why there will be quite a few people that want to move, as always happens when a fee structure changes from one style to another.

    For people whose holdings were predominantly funds, TDD were never the cheapest around - their 0.3% (reduced from 0.35% a couple of years back) were undercut by the likes of Charles Stanley Direct or Cavendish or Youinvest 0.25%, or Vanguard recently for the vanguard-only investors and so on. Presumably the people with large fund balances had already embraced other providers.

    What TD was good for was more the broking side with highly functional accounts and low inactivity fees/ fee waivers so you only really needed to pay for your trades.

    Now with the new structure you need to give them a minimum of 90 a year through the quarterly fees.
    - for a low value account (e.g. 5-6k) that's a hike to the 1.5-2% range.
    - if you were a high value fund investor it is a reduction but such investors if they were fee sensitive would already be using someone else for their funds investing.
    - if you are holding mostly stocks, and not trading significantly, you won't find 90 of trades in the year to use the 90 of 'credit', especially if your buys are just the regular investing 1 a month fee, so the quarterly trading fees add up to unwelcome extra slug of money of perhaps 50-90 a year that other providers (albeit less full-featured ones) may not charge

    I am still undecided about leaving my shares ISA there as it's not massive at the moment having bought a new property this year. My small unwrapped trading account which I run for neice/nephew has started the process to move to Youinvest (as I have my SIPP there, parent's ISAs etc). I have another unwrapped account where I like the functionality that TDD has offered over the years (extended settlement, lots of foreign markets, multicurrency cash accounts) so it may stay especially if my ISA does - but 90 is quite steep for a nominee broker if you are not actually doing any trading or making use of the things they offer over and above what other providers do.
    • economic
    • By economic 7th Nov 17, 1:02 PM
    • 2,937 Posts
    • 1,577 Thanks
    economic
    I can see why there will be quite a few people that want to move, as always happens when a fee structure changes from one style to another.

    For people whose holdings were predominantly funds, TDD were never the cheapest around - their 0.3% (reduced from 0.35% a couple of years back) were undercut by the likes of Charles Stanley Direct or Cavendish or Youinvest 0.25%, or Vanguard recently for the vanguard-only investors and so on. Presumably the people with large fund balances had already embraced other providers.

    What TD was good for was more the broking side with highly functional accounts and low inactivity fees/ fee waivers so you only really needed to pay for your trades.

    Now with the new structure you need to give them a minimum of 90 a year through the quarterly fees.
    - for a low value account (e.g. 5-6k) that's a hike to the 1.5-2% range.
    - if you were a high value fund investor it is a reduction but such investors if they were fee sensitive would already be using someone else for their funds investing.
    - if you are holding mostly stocks, and not trading significantly, you won't find 90 of trades in the year to use the 90 of 'credit', especially if your buys are just the regular investing 1 a month fee, so the quarterly trading fees add up to unwelcome extra slug of money of perhaps 50-90 a year that other providers (albeit less full-featured ones) may not charge

    I am still undecided about leaving my shares ISA there as it's not massive at the moment having bought a new property this year. My small unwrapped trading account which I run for neice/nephew has started the process to move to Youinvest (as I have my SIPP there, parent's ISAs etc). I have another unwrapped account where I like the functionality that TDD has offered over the years (extended settlement, lots of foreign markets, multicurrency cash accounts) so it may stay especially if my ISA does - but 90 is quite steep for a nominee broker if you are not actually doing any trading or making use of the things they offer over and above what other providers do.
    Originally posted by bowlhead99
    yes i see what you mean.

    for me personally i have my ISA and trading account there. I will stay with them since:
    - in my ISA my total fund value is over 100k and so the charges are actually welcome as i will see a large drop in annual total fees.
    - i make use of the USD account they offer in their trading account and dont see any other brokers offering this at least any reputable ones.

    My parents also have ISAs with TD (both with fund values around 100k each). I will be looking to open a SIPP for my dad with TD as well as from what i can see their new SIPP charges are, i think one of the cheapest (and i prefer the convenience of having it under one platform).
    • griffb
    • By griffb 7th Nov 17, 1:37 PM
    • 40 Posts
    • 8 Thanks
    griffb
    I got an email from TD/II as part of my transfer informing me that I would need to request closure of the account when the transfer, it wouldn't be automatic.
    Originally posted by greenglide
    I got that email too, and it tallies with the advice on their website; but my broking and isa accounts have both been closed automatically following transfer to IG.
    • cloud_dog
    • By cloud_dog 7th Nov 17, 5:15 PM
    • 3,651 Posts
    • 2,171 Thanks
    cloud_dog
    I will be looking to open a SIPP for my dad with TD as well as from what i can see their new SIPP charges are, i think one of the cheapest (and i prefer the convenience of having it under one platform).
    Originally posted by economic
    My small unwrapped trading account which I run for neice/nephew has started the process to move to Youinvest (as I have my SIPP there, parent's ISAs etc)
    by bowlhead99
    bowlhead / economic....may I ask a question?

    You have both commented on accounts for parents (specifically) and I was wondering if you are 'managing' the account(s) on behalf of the parent(s), or not, and if you are have these been set up under an LPA or is it under local authorisation with said parent(s)?

    (feel free not to answer)

    The reason I ask is that:
    1. I manage my mothers finances
    2. She is still very compus mentis but a) we had a scare hence LPA and b) she prefers me to do the ground work
    3. Both my brother and I are attorneys (individual)
    My mothers investments are all shares and all paper certificates at present and which really need to be deposited in to a nominee account (as I really need to start mitigating CGT).

    If you have expended any time / effort with investment platforms and LPA I would welcome any feedback.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • bowlhead99
    • By bowlhead99 7th Nov 17, 6:10 PM
    • 7,699 Posts
    • 14,092 Thanks
    bowlhead99
    bowlhead / economic....may I ask a question?

    You have both commented on accounts for parents (specifically) and I was wondering if you are 'managing' the account(s) on behalf of the parent(s), or not, and if you are have these been set up under an LPA or is it under local authorisation with said parent(s)?
    Originally posted by cloud_dog
    I don't have PoA, just what you might call "local authorisation". Sorry if that doesn't help your situation.

    Basically my parents are in process of moving ISAs to same platform as I am on for one of my pensions. They had been with HL for a while but getting expensive with largish pots - and it's a hassle if every time I recommend how to deploy some new money or re-balance, I have to spell it out in baby steps so that Dad can log into each account in turn and book the transactions and email me the results of them etc.

    Youinvest's solution is to allow someone in the same family to act as "account lead" and grant them either view-only access or proper dealing access.

    https://www.youinvest.co.uk/faq/can-i-give-member-my-family-access-my-accounts
    So, each of them can sign the form and let me be "in charge" of what is still "their" account. And my having ability to execute transactions doesn't stop them adding money into the account or doing a withdrawal. Effectively I can access it to view or buy or sell but without having to share their password.

    In my earlier post I implied my parents ISAs were on my platform but that was just shorthand- it hasn't actually happened yet just in the pipeline.

    If you want full and total control as a power of attorney that's slightly different to her having her own account and you having view and dealing rights for it via a "lead account" status or similar - but if she is not "too far gone" it might be an ok solution for you.

    I haven't done a review of the market for a proper LPA/PoA account as I don't need to be able to do everything and Dad likes to look in on their accounts too from time to time rather than just relinquish everything to me.
    • cloud_dog
    • By cloud_dog 7th Nov 17, 8:12 PM
    • 3,651 Posts
    • 2,171 Thanks
    cloud_dog
    Hi

    Thanks for the info.

    I'd done a quick Google for S&S ISA accounts with reference to LPA and the only hit I managed was IG and they were mandating that the attorney also held an account with them as well as the donor.

    I'll probably have to ring around the usual suspects to get a more comprehensive answer I suspect.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • C_Mababejive
    • By C_Mababejive 8th Nov 17, 12:09 PM
    • 10,416 Posts
    • 9,412 Thanks
    C_Mababejive
    Emailed TDW/II re account closure on transfer and they say i have to ring and close. Will keep a close eye.
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
    • frugalmacdugal
    • By frugalmacdugal 8th Nov 17, 1:06 PM
    • 6,223 Posts
    • 5,333 Thanks
    frugalmacdugal
    Hi,

    as it happens I have an account with TDW and II, so suppose they will just merge.
    Y'all take care now.
    • smoulder
    • By smoulder 8th Jan 18, 7:43 PM
    • 27 Posts
    • 18 Thanks
    smoulder
    IG.com
    IG have declared that they're replacing their inactivity charge with a 24 quarterly custody fee "from spring". Can be avoided by placing 3+ trades in the quarter. Makes it less appealing for "buy and hold" investors.

    I'm now mulling over Fidelity: ETF holding fee capped at 45/year, 10 per trade or 1.50 regular investment. No transfer out fees. AJ Bell have lower cap of 30 but charge transfer out fee of 25/holding. I would consider IWeb but I'm avoiding them just because they share their FSCS protection with Halifax Share Dealing/Lloyds Bank Direct Investments/Bank of Scotland Share Dealing.

    Also I was due a VWRL dividend today which (at the time of typing) IG have not credited to my account. I gather III had a reputation for slow paying of dividends in the past. Anyone received theirs?
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