Is it good advice to invest ISAs in different companies in order to keep balances under £85000?

Question

If you are with a well established provider and your investment is well diversified then the chances of you losing any of your money in the event of a provider going bust are very slim.

Boring Money · Accepted Answer

Hi Joy,

It is sensible that you are thinking of ways to protect your money. 

I believe it is better to have your Stocks & Shares ISAs in one place with one Platform provider as most will offer lower fees for larger investments.

If you are with a well established provider and your investment is well diversified then the chances of you losing any of your money in the event of a provider going bust are very slim.

I hope that helps!

Feel free to get in touch if you would like to discuss further.

Josh