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Original poster

Vanguard new fees - where to move to?

23 replies

Rowaround · 12/12/2024 21:19

I have been using a Vanguard S&S ISA for the past year or so, and was really happy with it, but I see that they are introducing a new fee (£4/month).

Is anyone else in the same situation? Where are you planning to move to? Hargreaves Landsdown seems to be the best option at the moment, but not sure who else I should consider?

OP posts:
Marmut · 12/12/2024 22:04

How much is in your Vanguard S&S? If you plan to invest regularly and it will soon reaching 32k, then there is no need to move/transfer it elsewhere. Moving to HL is much more expensive as the platform fee is 0.45%. So, if you have about 11k, then the fee at Vanguard will be the same at HL. Also, you will get charged every time you invest in anything other than ETF in HL. You could try other platform iWeb etc, trading212 etc. I don't know much of them.

I will stay in Vanguard until I reach 85k, because of FSCS rule. Then, I plan to open another one in HL. It will be ages anyway, so I will rethink it when I am there.

Original poster
Rowaround · 12/12/2024 22:15

I'm at £2500 and adding £100 a month so quite a bit of £10k

OP posts:
devongirl12 · 12/12/2024 22:17

Marmut · 12/12/2024 22:04

How much is in your Vanguard S&S? If you plan to invest regularly and it will soon reaching 32k, then there is no need to move/transfer it elsewhere. Moving to HL is much more expensive as the platform fee is 0.45%. So, if you have about 11k, then the fee at Vanguard will be the same at HL. Also, you will get charged every time you invest in anything other than ETF in HL. You could try other platform iWeb etc, trading212 etc. I don't know much of them.

I will stay in Vanguard until I reach 85k, because of FSCS rule. Then, I plan to open another one in HL. It will be ages anyway, so I will rethink it when I am there.

Financial services compensation scheme applies to cash savings.

It won't protect investments.

Ineffable23 · 12/12/2024 22:20

Rowaround · 12/12/2024 22:15

I'm at £2500 and adding £100 a month so quite a bit of £10k

Crikey I'm glad you mentioned this - I've only just started investing as of last month so pretty frustrated tbh. I wanted a low fee method of investing not very much. I hadn't read the email yet because work has been busy.

IamAutumn · 12/12/2024 22:22

Interactive investor
AJ Bell
Killik,
All have websites and some have YouTube teaching.
I have used ii but then transferred to Killik, they are good, made money for me and use a variety of Funds not their own.

Marmut · 12/12/2024 22:27

devongirl12 · 12/12/2024 22:17

Financial services compensation scheme applies to cash savings.

It won't protect investments.

Show quote history

It does not protect any lost because of the investment goes down or crashing (Covid for example), but if there is something wrong with vanguard, then the money invested there is covered by FSCS.

https://www.raisin.co.uk/savings/stocks-shares-isa/

Stocks and shares ISAs explained

Invest your money tax-efficiently. Learn how stocks and shares ISAs work, the benefits of investing, and the best investments to choose.

https://www.raisin.co.uk/savings/stocks-shares-isa

Original poster
Rowaround · 12/12/2024 22:29

Any specific reason for moving from ii to killik

OP posts:
messybutfun · 12/12/2024 22:32

devongirl12 · 12/12/2024 22:17

Financial services compensation scheme applies to cash savings.

It won't protect investments.

Show quote history

It applies to most regulated financial services including insurance.

nannynick · 12/12/2024 22:34

Dodl is £1 platform fee per month on accounts under £8k. They do some Vanguard funds like Lifestrategy 80%. They have an HSBC world fund.
So that may be a low cost place for starting out.

Dodl is the App only platform from AJ Bell.

Original poster
Rowaround · 13/12/2024 08:04

Thanks @nannynick Dodl does indeed look interesting and might be just what I need.

OP posts:
IamAutumn · 13/12/2024 08:23

I think that Killik handle larger amounts I had an inheritance which altered my life a bit. They are very professional.

Semiramide · 13/12/2024 08:29

Been with AJ Bell for many years. Easy to use platform, responsive customer service, low charges and they offer just about any funds that are out there - including Vanguard funds and investment trusts.

Original poster
Rowaround · 13/12/2024 08:40

Thanks. I am currently leaning towards Dodl from AJ bell. Does anyone have a refer a friend code?

OP posts:
Pemba · 13/12/2024 10:58

Don't have shares myself but my elderly parents do and I know they are in the process of moving away from Hargreaves Lansdown (sp?) because they have just been bought out or something and my parents think fees will increase/service might be worse.

torqrench · 13/12/2024 11:29

AJ Bell? They don't appear to have minimum monthly fee. It's 0.25%
Dodl have a minimum monthly account fee of £1. or 0.15%.
Things change though all the time.

Not sure I could handle Dodl's app only only access, but perhaps that's just me.

Your Vanguard fund will probably be available on both. But you will also have more options away from Vanguard.

aramox1 · 13/12/2024 22:27

A j Bell. Thanks OP, I hadn't read the email either!

catsfleasandbabies · 01/02/2025 17:10

Hi am in similar position with very low payments of about £100 a month. What did OP decide to do in the end? I only started with Vanguard a few months ago too!

Grrrrrrrrr8 · 01/02/2025 20:40

catsfleasandbabies · 01/02/2025 17:10

Hi am in similar position with very low payments of about £100 a month. What did OP decide to do in the end? I only started with Vanguard a few months ago too!

Bumping because I am in the same position! Don't know where to switch to.

Investing in Vanguard felt "safe" because everyone seems to recommend it so now all at sea about where to go.

KnottyAuty · 01/02/2025 21:11

I use Hargreaves Lansdowne and like them. Platform good and I can link to the kids’ JISAs. We all own Vanguard ETFs within the HL platform. Make sure to select Accumulating fund options to minimise transactions /fees

A J Bell were slick on marketing but didn’t deliver. Old clunky systems - but that was a while back and maybe they’re better now

Original poster
Rowaround · 01/02/2025 21:20

I moved to Dodl. Liking them enough. I really like that they don't have a never ending list of funds (like hargreaves landsdowne).

OP posts:
catsfleasandbabies · 01/02/2025 21:26

Thanks! I shall follow suit. It looks like it won't overwhelm me at least.

nearlylovemyusername · 11/02/2026 22:21

Has anyone moved to IG.com? or ever used them? any good?

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