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Discuss investments with other users on our Investment forum. For more advice read our tips for saving for your child's future.

Any recommendations for investment platforms?

13 replies

Bellebelleagain · 20/03/2024 12:45

Hi,

I’m looking to sign up to one platform where I can hold a S&S Isa, GIA, SIPP, move some existing shares to as well as buy/sell shares occasionally.

Hargreaves Lansdown is an obvious one but I wondered if anyone can share/recommend anything they use?

Priorities are for it to be super easy to use, good online customer service (a person rather than chat bots) and reasonable fees although doesn’t have to be the cheapest.

One of my main concerns is that anything I transfer in is done well - appreciate that often issues come from the provider that the funds are being transferred from but any experiences of smooth transfer processes would be great, thanks

OP posts:
Flandango · 20/03/2024 22:47

I use Hargreaves Lansdown and they are very good. Customer service good, and easy top use. Fees are a bit more then competitors if you hold funds, but if you hold ETF then fees are capped at a very low level.

I have transferred pensions to them and it has been very easy

lap90 · 21/03/2024 06:58

I use vanguard. Cant speak on customer service but have found if all pretty straight forward

MsAsparagus · 21/03/2024 07:00

I use Nutmeg. It’s not the cheapest, I think Vanguard have cheaper annual fees than many, but I like the Nutmeg usability and easy app access to all my investments and savings

blue345 · 21/03/2024 07:35

This was my work specialism until recently so I'll try not to bore you...

HL are the best for customer service but you pay for it in terms of a higher platform fee and an uncompetitive share trading fee

AJ Bell are good and charge a lower platform and trading fee

Interactive investor charge a fixed platform fee so good for larger portfolios

For the share trading part and a basic ISA, Freetrade and Trading 212 charge no share dealing fees

Personally I don't like the robo advisers but they can be cost effective if you don't want to pick your own investments. That said, they mainly offer passive (index tracker) type investments which aren't my preference

I'd also go for a platform that offers other fund managers' products so that rules out Vanguard. But if you just want low cost ETFs (trackers) then Vanguard isn't a bad choice

The investment platform market has become very competitive over the last couple of years so there's been a lot of fee cuts which is good for customers. HL scrapped platform and trading fees on their junior ISAs and some of the others have reduced share trading fees.

I'd start by deciding whether you want a full range of shares, ETFs and funds in which case I'd go for the first three or you want to be a regular share trader in which case I'd look elsewhere.

MissyB1 · 21/03/2024 07:38

Dh and I use AJ Bell as mentioned by pp. Dh handles it all though, but he’s happy with them.

YankeeDad · 21/03/2024 08:17

@Bellebelleagain you received a very good overview from blue345. I would just add, regarding Vanguard versus AJ Bell, that an important criterion should be: would you like to have as many different investments as possible, or would you prefer to have just a reasonable selection with low fees? It really depends how conversant you are in investment choices.

Vanguard offers low fees, mostly passive (indexing), and only their own products. Because the parent company is effective a mutual, not owned by for-profit shareholders, the whole philosophy has always been to keep fees low. The site also has a lot of financial education materials. I like Vanguard for a person who wants the different tax wrappers, does not want to pay an advisor an annual percentage of assets, is comfortable making their own decisions about asset allocation, and does not need or want to make highly granular choices. I don’t think any of their products are rubbish products, but on the other hand some of their products are probably unsuitable for certain investors, and as they reflect the overall market, some will be unattractively valued at certain times. I have not tried their customer service so would suggest checking online reviews to assess whether they are any good with transfers.

I, myself, do not use the Vanguard platform because I am a retired financial services professional who wants to make highly granular and specific choices, especially when it comes to bonds, where I do not like index funds and want to choose my own bond maturity dates. I also don’t want to pay HL prices, and I don’t like the user interface at Interactive Investor. I am comfortable using a fund search engine to sift through thousands of funds and choose the ones that suit me best. So I would personally use AJ Bell if I were going to use any of these. I would also use AJ Bell over Vanguard if I had existing investment investment funds that I wanted to transfer in without having to sell them first, because Vanguard would not be able to cope with that given their limited set of funds. That would be especially important for any funds held outside of a SIPP or ISA because funds in a general investment account would crystallise CGT liability upon being sold for the transfer to Vanguard.

I personally also do not l like the robo advisors because I don’t want to pay a percentage fee for a semi-automated asset allocation, but that is because I can decide upon my own. If you feel comfortable making and implementing your own decisions how much to hold in stocks, bonds, cash, and “other”, you don’t need a robo advisor. If, on the other hand, you are the kind of person who is likely to trade out of whatever feels bad because it is going down, and trade into whatever is going up due to FOMO, then a robo advisor might very helpfully prevent you from that very common mistake, which is otherwise known as selling low and buying high, which is what a large proportion of individual investors end up doing.

This posting is not a recommendation nor is it advice, in part because I don’t know any other people’s specific circumstances, but it is a discussion of how I have personally thought about what to do myself, in case that is useful to others’ thought processes. I think AJ Bell is perfect for certain people, Vanguard for certain other people, and even HL or Interactive Investors are perfectly good choices for people who prefer them.

A final thought, some of these sites at least allow you to open a paper portfolio to try out the platform, and if they don’t, another option is to open an account with a small balance just to test out the look and feel. If you hate the user interface and it puts you off of investing sensibly or investing at all, then it’s a bad deal no matter how low the fees are.

user202421 · 21/03/2024 08:49

I use Trading212. No platform fees, which makes it a great option, particularly for new investors. Very few platforms have zero platform fees. And you can still access the Vanguard funds on there as well if you wanted to invest with them.

Ozanj · 21/03/2024 08:52

Hargreaves Lansdown is the best if you have small amounts of money. If you have over 100K then you might want to consider cheaper fees - eg Trading 212 is pretty good

WobblyLondoner · 22/03/2024 07:29

I use both interactive investor and Vanguard.

I definitely prefer Vanguard's functionality. It doesn't have an app but the website is clear and works well on different devices - but as others have pointed out, it only deals with Vanguard funds. It also allows you to track other people's accounts (obviously with their permission) - that is very helpful as I use this to keep an eye on DP and DS investments.

ii gives access to more funds. It has an app but I don't find it as user friendly either in terms of fund performance or trading. No ability to track investments in other people's names.

Hope this is helpful. And well done - I'm really impressed you have cleared your mortgage so quickly!!

The80sThe80s · 22/03/2024 07:35

Another vote for Hargreaves Lansdown. Really easy to use and very helpful, friendly staff whenever needed.

Bambootrees · 15/04/2025 18:32

Apologies for reactivating this thread. Can someone recommend something easy to manage for 18 years old. Stock and Share ISA, where you don’t have to choose your investment but they do it for you? They just save small amounts per month .

DH and I am are completely clueless

Dohoptcom · 16/05/2025 18:27

I’m using Axiom for my ISA and SIPP, and I like how straight-up everything is—no weird hidden charges. The axiom access code made sign-up a breeze and gave me an extra perk when I joined. The platform’s pretty simple to use even if you’re not super into finance, and customer support actually replies when you have questions.

Bucks67 · 16/05/2025 19:49

Invest engine are good for passive investing via ETFs they offer fractional shares which none of the long established players seem too which is good.
Fidelity can be good for Sipps if you trade infrequently and buy/hold ETFs or Investment Trusts.
Once you get to about £80,000 invested fixed fee brokers work out the cheapest

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