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  • FIRST POST
    • sanch3z_77
    • By sanch3z_77 14th Mar 18, 12:30 PM
    • 6Posts
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    sanch3z_77
    Shares + ISA investment company
    • #1
    • 14th Mar 18, 12:30 PM
    Shares + ISA investment company 14th Mar 18 at 12:30 PM
    I have shares currently with IIInvestor (shares and shares ISA) however they charge a pretty hefty management fee which doesn't appeal as my portfolio is now built and running...

    Originally I was with Hoodless Brennam who only charged a trading fee however they and subsequent companies keep selling out and hiking up their prices... each company says i'm free to leave but I have no idea of where to go and how to do this?

    Over the years it's costs me stacks for something I didn't originally sign-up for so it's come to a point where I want to move my holdings. I'm happy to pay a higher trading fee (will only need occasionally, mostly on selling) and a commission on diveden reinvestment is understandably acceptable.

    Any help would be appreciated.
Page 1
    • bowlhead99
    • By bowlhead99 14th Mar 18, 12:38 PM
    • 7,837 Posts
    • 14,311 Thanks
    bowlhead99
    • #2
    • 14th Mar 18, 12:38 PM
    • #2
    • 14th Mar 18, 12:38 PM
    X-o.co.uk have a cheap ISA without ongoing account maintenance fees and low trading costs (assuming you only want UK stock market and not foreign markets or open ended funds).

    Youinvest or IWeb have a fuller-featured service - though the former have a 0.25% a year fee on your asset values payable quarterly (though it caps off at 7.50 a quarter so not a huge amount in the grand scheme of things if you have a large balance).

    If you search for broker comparisons or platform comparisons there is plenty of discussion and links to comparison tools online.
    • dunstonh
    • By dunstonh 14th Mar 18, 12:41 PM
    • 92,652 Posts
    • 59,975 Thanks
    dunstonh
    • #3
    • 14th Mar 18, 12:41 PM
    • #3
    • 14th Mar 18, 12:41 PM
    Originally I was with Hoodless Brennam who only charged a trading fee however they and subsequent companies keep selling out and hiking up their prices... each company says i'm free to leave but I have no idea of where to go and how to do this?
    The small firms offering cheap pricing are doing so to buy market share. This is either to build enough assets under management to become profitable or to attract a buyer they can sell out to. It is a model that has been in place for nearly 20 years with platforms & brokerage.

    So, if you keep picking small, cheap players you are going to keep going through this process. Even then you are not guaranteed stability. The country's first platform was bought by another. And one of the largest is about to demerge from its parent company and rebrand and move platform software. Change is always a possibility but you can reduce the frequency and likelihood of change.

    I'm happy to pay a higher trading fee (will only need occasionally, mostly on selling) and a commission on diveden reinvestment is understandably acceptable.
    Have you considered using assets that avoid those types of charges, such as UT/OEICS?
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • lozzy1965
    • By lozzy1965 14th Mar 18, 12:44 PM
    • 128 Posts
    • 79 Thanks
    lozzy1965
    • #4
    • 14th Mar 18, 12:44 PM
    • #4
    • 14th Mar 18, 12:44 PM
    iWeb is 25 to join and free to run - apart from 5 dealing costs. Fine for my needs, but depends what you want.
    • sanch3z_77
    • By sanch3z_77 14th Mar 18, 1:34 PM
    • 6 Posts
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    sanch3z_77
    • #5
    • 14th Mar 18, 1:34 PM
    • #5
    • 14th Mar 18, 1:34 PM
    My shares are a mix of FTSE AIM and LSE... does that pose a problem?

    Saying the Model is tried and tested makes sense as it seems to happen every couple of years...

    Basically what happened is I had a unit trust that for years under performed so I decided to cash it in and build my own portfolio. I did this and it's ticking along nicely, I got TW and Barratts when they were close to the edge 8 years ago, thankfully they are doing well now but these are things I want to hold onto for many years as they continue to give decent divedens.

    I'm not actively trading anymore...

    I'm not looking for fancy insights, just a cheap reliable service my holdings are around 25k so not massive
    • sanch3z_77
    • By sanch3z_77 15th Mar 18, 8:38 AM
    • 6 Posts
    • 0 Thanks
    sanch3z_77
    • #6
    • 15th Mar 18, 8:38 AM
    • #6
    • 15th Mar 18, 8:38 AM


    Have you considered using assets that avoid those types of charges, such as UT/OEICS?
    Originally posted by dunstonh
    I came from UT, historically they under performed and was sick of it so in the end I took back control. In half the time I had my UT my holdings have tripled, my UT were stagnant for many years... Now I just want somewhere for my fund to sit and tick over... don't really have the time necessary to keep on trading and would rather diversify.
    • cloud_dog
    • By cloud_dog 15th Mar 18, 9:23 AM
    • 3,698 Posts
    • 2,192 Thanks
    cloud_dog
    • #7
    • 15th Mar 18, 9:23 AM
    • #7
    • 15th Mar 18, 9:23 AM
    If it is non-open ended funds, i.e. not OIECS, then have a look at X-O (jarvis), iWeb, Halifax (iWeb use Halifax platform but different charging structure.), SVS.

    But, change is always coming.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • StellaN
    • By StellaN 15th Mar 18, 10:44 AM
    • 216 Posts
    • 74 Thanks
    StellaN
    • #8
    • 15th Mar 18, 10:44 AM
    • #8
    • 15th Mar 18, 10:44 AM
    I just transferred my ISA account from Fidelity (around 100K) to iWeb for the one off fee of 25 and I have a mixture of OEIC's and IT's in this account. Therefore, it is far cheaper than Fidelity and I rarely trade but when I do it is lump sums.

    However, for my SIPP I am with Fidelity because I only hold IT's so there is a 45 cap per annum. There are also no drawdown charges or oher fees associated with the Fidelity SIPP. Yet again, I rarely trade and when I do it is a lump sum investment so the 10 charge per trade, although expensive compared to others is OK with me.
    Last edited by StellaN; 15-03-2018 at 11:21 AM.
    • dunstonh
    • By dunstonh 15th Mar 18, 11:13 AM
    • 92,652 Posts
    • 59,975 Thanks
    dunstonh
    • #9
    • 15th Mar 18, 11:13 AM
    • #9
    • 15th Mar 18, 11:13 AM
    I came from UT, historically they under performed and was sick of it so in the end I took back control.
    Research indicates that is not the case. Especially since the unbundling of UT/OEICs.

    In half the time I had my UT my holdings have tripled, my UT were stagnant for many years..
    There are so many things wrong with that sentence. Please tell me that you really are not comparing them on that basis and it was just a typing mistake.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • sanch3z_77
    • By sanch3z_77 15th Mar 18, 12:33 PM
    • 6 Posts
    • 0 Thanks
    sanch3z_77
    Research indicates that is not the case. Especially since the unbundling of UT/OEICs.

    There are so many things wrong with that sentence. Please tell me that you really are not comparing them on that basis and it was just a typing mistake.
    Originally posted by dunstonh
    Yes I know they're pretty bold statements and everyone's experience is different but I had my first UT (Japan Growth) @16 (over 25 years ago) as I had nothing to spend 1k on at that age. I then followed it up over years with European smaller companies, Global technology and various other mixes. ALL of them barely returned anything... so 10 years ago I gambled and sold them, buying a spread of individual stocks. All were VERY high risk but I figured only one needed to turn it around and I would be covered. So in my experience yes my individual shares have out performed my previous UT.

    I'm now in the situation where I want to park these and perhaps look to compliment it with managed funds but I don't regret my decision for a minute

    FYI I bought the following:
    TW.L at 4 and 21p per share = now hangs around 2 per share
    BDEV.L @ 56p and 1 per share = now hangs between 5 - 7 per share

    these two alone have given great returns and decent dividends
    • dunstonh
    • By dunstonh 15th Mar 18, 1:08 PM
    • 92,652 Posts
    • 59,975 Thanks
    dunstonh
    Yes I know they're pretty bold statements and everyone's experience is different but I had my first UT (Japan Growth) @16 (over 25 years ago) as I had nothing to spend 1k on at that age. I then followed it up over years with European smaller companies, Global technology and various other mixes. ALL of them barely returned anything... so 10 years ago I gambled and sold them, buying a spread of individual stocks. All were VERY high risk but I figured only one needed to turn it around and I would be covered. So in my experience yes my individual shares have out performed my previous UT.
    So, you had investments in Japan during the lost decade. You have investments in Tech during the dot.com crash and you had European smaller companies in a period that was pretty dire holding european smaller companies (there was a period where they very were good for a year or two but then was a bad place to be for a number of years)

    So, after all those negative periods, you changed them to something different that has only had positive periods since then. Plus, your UT/OEICS were from the bundled charged days and pre-date unbundling. Since unbundling, the differences between comparable UTs and ITs is typically very small.

    There is no like-for-like comparison there at all. It reminds me of someone that once boasted about his investments doing so much better than what he used to have with an adviser. We looked at it and his investments were doing worse than what he had held. a) his older investments were held during negative periods whilst his newer investments were held in positive periods. b) the older investments were doing better in the positive periods and his newer investments would have done worse in the negative periods. The perception was completely wrong because it was comparing two different parts of the cycle and not like for like.

    You shouldn't eliminate UT/OEICs on the basis of performance in different periods.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • sanch3z_77
    • By sanch3z_77 15th Mar 18, 1:44 PM
    • 6 Posts
    • 0 Thanks
    sanch3z_77
    So, you had investments in Japan during the lost decade. You have investments in Tech during the dot.com crash and you had European smaller companies in a period that was pretty dire holding european smaller companies (there was a period where they very were good for a year or two but then was a bad place to be for a number of years)

    So, after all those negative periods, you changed them to something different that has only had positive periods since then. Plus, your UT/OEICS were from the bundled charged days and pre-date unbundling. Since unbundling, the differences between comparable UTs and ITs is typically very small.

    There is no like-for-like comparison there at all. It reminds me of someone that once boasted about his investments doing so much better than what he used to have with an adviser. We looked at it and his investments were doing worse than what he had held. a) his older investments were held during negative periods whilst his newer investments were held in positive periods. b) the older investments were doing better in the positive periods and his newer investments would have done worse in the negative periods. The perception was completely wrong because it was comparing two different parts of the cycle and not like for like.

    You shouldn't eliminate UT/OEICs on the basis of performance in different periods.
    Originally posted by dunstonh
    I agree with most of what you're saying, I had a range of funds invested with various different companies (JP Morgan, Best invest, Henderson) and for whatever reason they under performed. I didn't have these for short periods so they had a chance to deliver at some point. After nearly 18 years of very poor growth in managed funds I took back control. I was prepared for the loss as it wouldn't be a new feeling. I decided to buy individual companies that I felt could perform, I wanted to cherry pick things. Over the last eight years i've been please with my decision.

    This doesn't mean I wont buy a UT in the future but my experience was bad and I felt there were individual companies that were worth investing in. So please don't lecture me, i've had experience with both, the problem with funds is you are relying on someone else making a decision on your behalf. In every down period there are companies that buck the trend and succeed, so even in the slump of Japan, global tech crash and Euro downturn winners could have been picked.

    Sorry if that sounds rude but you are lecturing me on my own personal experience. I've not suggested anyone else follow this practise. As it stands i'm better off, I could go back and track how my previous UTs would have performed but life is too short.

    Just out of interest, TW.L had a low of 4p per share and peaked at 2.11 that's an increase of 5175%, what other funds over an eight year period would have shown the same growth?

    BDEV.L have gone from 56p to 7 so 1150%, again what would have delivered that?

    All I really want to do is park what I have, then look at something else...
    • sanch3z_77
    • By sanch3z_77 15th Mar 18, 2:16 PM
    • 6 Posts
    • 0 Thanks
    sanch3z_77
    Saying all the above, once i've parked my shares i'm looking for something that can give me a decent annual return, to spread my bets a little. I would seriously consider a couple of managed funds... Any recommendations welcomed.
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