Marthin Mostert

Forum Replies Created

Viewing 1 post (of 1 total)
  • Author
    Posts
  • in reply to: AJ Bell #19137
    Marthin Mostert
    Participant

      I agree with the positive comments made by Douglas and Mark. Unfortunately they do charge a % fee of fund holdings, unlike ii. Over the years I reduced the fund holdings in my portfolio as I prefer to invest in investment trusts and ETFs and it reduced my platform charges as there is a cap on direct share holdings, investment trusts and ETFs. But I agree with your comment that it doesn’t make sense to charge more for holding funds rather than direct share holdings or investment trusts.

      I have a SIPP, ISA and Trading account with AJ Bell and unfortunately the charges are separate for each investment wrapper – unlike ii where you pay one flat fee for the ISA and Trading account.

      I sometimes wonder if I’m an outlier for using two trading platforms – and therefore incurring higher costs? My reason for this is that the Financial Services Compensation Scheme only guarantees £50,000 of investments in the event that the platform provider goes bust and I don’t want to put all my eggs in one basket. Any comments or suggestions about this? I wonder of SIGnet or ShareSoc has taken this up with the FSCS? (I joined SIGnet only recently)


    Viewing 1 post (of 1 total)