I have a JISA and investments with HL. I’m keen on switching to a lower cost investment manager. What do I do?

I have a children’s stocks and shares ISA and my own investments with HL.

I’m keen on switching to a lower cost investment manager (Vanguard). What do I do with these funds managed by HL? Leave in place, Transfer, sell?

Hi Matthew,

Thank you for getting in touch.

I assume that you are not happy with the funds you have with HL. If so, then it would make sense to surrender these and transfer the funds to the lower cost investment manager you select, to manage all your investments in one place.

Remember that cost should not be the only factor in determining your investments. Other things to consider are the risk they are taking with your money, the access you have to your money, the fund choices available, to name just a few.

I always like to simplify things where possible which is why consolidating onto one platform would be my preference.

I hope that helps.

Josh