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  • FIRST POST
    • newbie1116
    • By newbie1116 30th Dec 17, 11:47 PM
    • 5Posts
    • 0Thanks
    newbie1116
    Fidelity Fundsnetwork (through Cavendish) vs Close Brothers Platform
    • #1
    • 30th Dec 17, 11:47 PM
    Fidelity Fundsnetwork (through Cavendish) vs Close Brothers Platform 30th Dec 17 at 11:47 PM
    Hi
    Anyone using/used the Close Brothers platform? Any positive/negative experience dealing with Close Brothers? Is it any good compared to Fidelity's platform...choice of funds, ETFs, ITs...? (Fidelity has 1866 OEIC, 593 UT, 179 IT/ETF, 434 Offshore)
    In two minds for setting up SIPP. Close Brothers won't even let you view funds available on their platform without signing up first
    Thanks

    n.b. According to Cavendish Online site Offshore funds are excluded from their FundsNetwork SIPP.
Page 1
    • drphila
    • By drphila 31st Dec 17, 7:57 AM
    • 80 Posts
    • 18 Thanks
    drphila
    • #2
    • 31st Dec 17, 7:57 AM
    • #2
    • 31st Dec 17, 7:57 AM
    Have got both Close and (ordinary) Fidelity sipps.

    Found them both fine from a customer service point of view.

    But can't really comment on fund range etc, because I opened them solely to exploit the small pots loophole.

    If you have a specific fund in mind, I could check if its available with Close ( though may take a few days since am away at the moment).
    • ArchBair
    • By ArchBair 31st Dec 17, 10:41 AM
    • 95 Posts
    • 34 Thanks
    ArchBair
    • #3
    • 31st Dec 17, 10:41 AM
    • #3
    • 31st Dec 17, 10:41 AM
    I mainly use Fidelity for my investments but these are for IT's so the charge is capped at 45 per annum even if you have large amounts invested so is very good value. For SIPPS they also do not have extra charges for drawdown which is also a benefit. The only negative is that they have recently changed their charges for trading which is now 10 per trade whereas IWeb is only 5 per trade.
    • Sally57
    • By Sally57 31st Dec 17, 4:58 PM
    • 104 Posts
    • 22 Thanks
    Sally57
    • #4
    • 31st Dec 17, 4:58 PM
    • #4
    • 31st Dec 17, 4:58 PM
    Fidelity is a very good platform for holding IT's and for SIPPS because of their overall charges so why think of changing to IWeb unless of course you trade a lot?
    • newbie1116
    • By newbie1116 4th Jan 18, 11:46 PM
    • 5 Posts
    • 0 Thanks
    newbie1116
    • #5
    • 4th Jan 18, 11:46 PM
    • #5
    • 4th Jan 18, 11:46 PM
    Hi,
    Thanks for all your responses and apologies for late post. Should have made clear in my original post I am only comparing platforms for SIPP purposes, sorry. New to investing so doing my research before jumping in.

    For anybody else considering both platforms I have contacted Cavendish regarding 'Offshore funds are excluded from their FundsNetwork SIPP'. They have confirmed all funds are available and have updated their website.

    Thanks too to drphila. I have contacted Close Bros. regarding fund, ETFs, ITs choice and they are emailing me the list tomorrow. I will compare this with Fidelity choice and try to post results for anyone else considering between them.

    Could drphila or anyone else who has used or has an account with both platforms compare them for ease of use and general portfolio information available e.g. presume both have info regarding Profit/Loss statements on portfolio..etc. Does one give more/better info than the other?

    Thanks again
    Newbie1116
    • AlanP
    • By AlanP 5th Jan 18, 10:34 AM
    • 1,204 Posts
    • 866 Thanks
    AlanP
    • #6
    • 5th Jan 18, 10:34 AM
    • #6
    • 5th Jan 18, 10:34 AM
    The interace via Cavendish is fairly limited in terms of P&L etc although looks like it might be improving a bit.

    It is a cheap platform for a reason
    • newbie1116
    • By newbie1116 6th Jan 18, 12:24 AM
    • 5 Posts
    • 0 Thanks
    newbie1116
    • #7
    • 6th Jan 18, 12:24 AM
    • #7
    • 6th Jan 18, 12:24 AM
    Thanks for responding AlanP.
    Can you expand on your response. From reading the thread on this forum titled 'Fidelity vs Cavendish Online' it talks about the limited P&L data available through Cavendish v Fidelity. Having not used either platform, what do you mean 'although looks like it might be improving a bit' (new/more info available)?
    Is there a detailed P/L breakdown for portfolio now?

    Thanks
    • newbie1116
    • By newbie1116 8th Jan 18, 3:56 PM
    • 5 Posts
    • 0 Thanks
    newbie1116
    • #8
    • 8th Jan 18, 3:56 PM
    • #8
    • 8th Jan 18, 3:56 PM
    Anymore Close Bros. Sipp account holders out there? Reading a lot of negative reviews to new 'improved' Fidelity FundsNetwork website.
    How good is Close Bros. Sipp account regarding detailed P/L breakdown...etc?
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