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  • FIRST POST
    • jkwer521
    • By jkwer521 12th Apr 18, 6:12 PM
    • 36Posts
    • 12Thanks
    jkwer521
    Barclays Smart Investor or Hargreaves Lansdown
    • #1
    • 12th Apr 18, 6:12 PM
    Barclays Smart Investor or Hargreaves Lansdown 12th Apr 18 at 6:12 PM
    I have a choice between Barclays and HL and I have no experience with either. My intention is to hold funds (eg Vanguard) and to make a regular monthly investment (although the amount might change each month). Barclays appears to be cheaper, but I have read elsewhere that it is not a very good platform.

    Any advice from people with experience of either?
Page 1
    • Alexland
    • By Alexland 12th Apr 18, 6:16 PM
    • 3,106 Posts
    • 2,445 Thanks
    Alexland
    • #2
    • 12th Apr 18, 6:16 PM
    • #2
    • 12th Apr 18, 6:16 PM
    Why not go direct to Vanguard Investor? Is your employment limiting your choice?
    • jkwer521
    • By jkwer521 12th Apr 18, 6:25 PM
    • 36 Posts
    • 12 Thanks
    jkwer521
    • #3
    • 12th Apr 18, 6:25 PM
    • #3
    • 12th Apr 18, 6:25 PM
    Yes, correct, I am limited by my employer
    • A_T
    • By A_T 12th Apr 18, 6:32 PM
    • 521 Posts
    • 354 Thanks
    A_T
    • #4
    • 12th Apr 18, 6:32 PM
    • #4
    • 12th Apr 18, 6:32 PM
    Any particular reason why you want to use only Vanguard funds? If you're limited to these two platforms you can often find funds that do the same but at lower cost.
    • Alexland
    • By Alexland 12th Apr 18, 6:35 PM
    • 3,106 Posts
    • 2,445 Thanks
    Alexland
    • #5
    • 12th Apr 18, 6:35 PM
    • #5
    • 12th Apr 18, 6:35 PM
    Yes for example have you considered the discounted OCF on the Blackrock Consensus 85 and 100 funds with HL? Very similar to Vanguard LifeStrategy at a lower cost?
    • jkwer521
    • By jkwer521 12th Apr 18, 6:35 PM
    • 36 Posts
    • 12 Thanks
    jkwer521
    • #6
    • 12th Apr 18, 6:35 PM
    • #6
    • 12th Apr 18, 6:35 PM
    I'm not necessarily only limited Vanguard funds - it was just an example.

    I'm still in the early stages if researching, so I'd be open to suggestions. My intention is to have a global portfolio, with a high proportion of equities (80%+)
    • jkwer521
    • By jkwer521 12th Apr 18, 6:38 PM
    • 36 Posts
    • 12 Thanks
    jkwer521
    • #7
    • 12th Apr 18, 6:38 PM
    • #7
    • 12th Apr 18, 6:38 PM
    Interesting - why do HL provide that discount and is it indefinite? Also is there an income version?
    Last edited by jkwer521; 12-04-2018 at 6:40 PM. Reason: Additional question
    • Alexland
    • By Alexland 12th Apr 18, 6:43 PM
    • 3,106 Posts
    • 2,445 Thanks
    Alexland
    • #8
    • 12th Apr 18, 6:43 PM
    • #8
    • 12th Apr 18, 6:43 PM
    Access to 1 million HL customers is worth a discount. OCF on Consensus 85 is 0.09% compared to VLS80 at 0.22%. Seems to be ongoing but accumulation only.
    Last edited by Alexland; 12-04-2018 at 7:29 PM.
    • ColdIron
    • By ColdIron 12th Apr 18, 6:56 PM
    • 4,550 Posts
    • 5,836 Thanks
    ColdIron
    • #9
    • 12th Apr 18, 6:56 PM
    • #9
    • 12th Apr 18, 6:56 PM
    It might depend upon the sums involved. Barclays charge 0.2% for funds but with a minimum charge of 4 per month you won't get that until you have > 24,000 invested. HL would be cheaper on sums less than 10,666. You can also factor in a 3 fee for buying funds which are free with HL although it seems there is a 1 charge for automated regular investments
    • dividendhero
    • By dividendhero 12th Apr 18, 7:02 PM
    • 263 Posts
    • 275 Thanks
    dividendhero
    Avoid Barclays Smart Investor like the plague - they "revamped" their systems last year and the service is now terrible. HL.

    See other threads on the subject
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