Changing isa provider) stocks and shares)

[Momasita]

Does anyone do this, are there problems with doing it

Bump

Not sure what you mean by problems?

Is it a cash transfer or re-registration? If it’s the latter it tends to take a little longer but most providers now use electronic systems which cut down on the huge amount of paperwork that used to be required.

With the former, you’re out of the market whilst the cash is transferred and prior to reinvestment, so short term market movements are more of a concern. Most cash transfers between platforms are pretty speedy now however.

If you’re using an IFA, they’ll stay on top of the transfer/re-registration and chase the providers on your behalf to expedite matters.

I want to move stocks and shares provider to another... Platform? If that's the right term..

Should I move it to cash first then...

And then get it moved to next... Platform and then buy the shares I want? Its inherited.

No need to sell anything if you request it as a re-registration, which is also known as an in-specie transfer. The funds/shares just get transferred as they are, with no sales/repurchases necessary. You’d just need to check that the new provider can indeed hold each existing shareclass.

Or, you could sell down assets and then transfer as cash but that means longer out of the market.

If it’s an inherited Additional Permitted Subscription, then the current provider will be able to explain their processes and the paperwork needed; you need to sort the APS prior to transfer.