Choice paralysis on choosing S & S ISA platform. Vanguard? Nutmeg? AJ Bell? GAH!

[flashbac]

I have a 4 figure sum to invest so nothing fancy. Need to beat inflation eating into my savings. I'm going around in bloody circles trying to decide!

I would have guessed that at that value, one that charges a % of the value not a fixed fee one would be cheaper. I am assuming you intend to invest in the same fund regardless of platform.

monevator.com/compare-uk-cheapest-online-brokers/

This compares the different brokers, and you can work out from this, which is the cheapest

We use Vanguard because the platform is so easy and the fees are so low.

Vanguard came top in the Which investment platforms table August 21 coming in at 71% customer score, followed by Aj Bell you invest at 72% and Charlrs Stanley Direct at 70%

@Cloverforever

Vanguard came top in the Which investment platforms table August 21 coming in at 71% customer score, followed by Aj Bell you invest at 72% and Charlrs Stanley Direct at 70%

Whoops, should say Vanguard came in at 77%!

@flashbac,..have a look on the Boring Money blog (www.boringmoney.co.uk) Its brilliant. I've worked for an investment fund for 15 years and still look at it regularly..

I'm in the same boat! Have decided on vanguard for now until the pot grows to a certain point and then will switch to fixed fee, interactive investor as even though vanguard is a very low percentage eventually you're better off with a fixed fee platform.

The problem with all the different platforms is you have to know in advance whether you're going to buy mainly funds or shares and how often you might buy/sell. And then you can look at the charges on each platform that would suit your investing style. They're all structured differently, some are free to trade funds, others charge, share dealing prices vary, platform fees vary, some have charges caps others don't etc etc etc.

But if you're just starting out like me and don't really know what you're going to invest in and how often it's a minefield.

We have ISAs with Vanguard, Wealthify and Nutmeg. Happy with all of them tbh.

@RavingAnnie

We have ISAs with Vanguard, Wealthify and Nutmeg. Happy with all of them tbh.

Not helping Nutmeg has high fees no?

@Residentnumber1

I would have guessed that at that value, one that charges a % of the value not a fixed fee one would be cheaper. I am assuming you intend to invest in the same fund regardless of platform.

monevator.com/compare-uk-cheapest-online-brokers/

This compares the different brokers, and you can work out from this, which is the cheapest

Not chosen a fund yet. I'll check out the link, thanks.

Nutmeg and wealthify both have relatively high fees

Vanguard is owned by its investors and is run for their benefit, that is why the fees are so low. The service is brilliant too. You cannot go wrong with Vanguard.

Does it maybe sense to hold all your investments on one platform or should you spread them around once you reach the £85,000 protected amount?

I use Vanguard and their Lifestrategy funds. Good performers and low cost.

Vanguard here too

Vanguard.

The £85,000 protection only applies to cash savings, not to stocks and shares.
However, in the (very unlikely) event that Vanguard went under, since you own the funds and shares in your portfolio, you wouldn't lose them

@Artimis thank you

I am trying to decide same with my son’s trust fund money. Have closed nsi account and moved it to aj bell now gotta decide on funds. Everything is dropping atm as far as I can make out so I might delay decision for a week or two or it’ll be an immediate loss as I can’t drip feed it in.
I’ve had losses before and it recovers but it’s not my money so makes it harder to decide what to do!

You can still drip feed into the funds, the best time to do that is when they are falling

I use Fidelity for my ISA platform and really like it, but am going to open another ISA probably with AJ Bell as I can then invest in Vanguard and other funds, rather than being restricted to Vanguard only

My ISAs are also with Vanguard, and I have just opened up a Fidelity as well to invest in non-Vanguard index funds to spread the risk.

I have a stocks and shares isa with Vanguard and use their life strategy funds.

I'm happy with their fees and service but it's so personal to what you want from your investments.

Also just FYI having a 4 figure amount to invest is pretty darn amazing! Go you!

So can you have more than one S&S ? See some people use more than one.