as of 26/02/2019 at 6:01 pm
A safe, solid global player which has recently improved its website for investors. Recent changes include improved share dealing services and performance reporting. If you have more than £7,500 the admin fee is 0.35% a year, so you’ll probably pay about 1.1% a year all-in (although depends on which investments you pick). If you have less than that you'll pay £45 a year for an ISA, which looks pricey for small portfolios.
Google their PathFinder range if you need help in picking the investments to sit inside your ISA or DIY SIPP. If you really want it drilled down they offer one ‘Greatest Hits’ simple fund – the Select 50 Balanced fund which is their investment ready meal for choice-haters! There are also loads of funds from other groups available.
Their performance tool compares your overall portfolio to a benchmark of your choice. It’s a nice thought – but they do use a proxy benchmark (for me it was UK large cap shares) which is a bit odd when I have a portfolio of lots of global funds too. I overlooked the nuance for now as I’m smashing it against the benchmark (!) but it feels a touch more gimmicky than useful?
Large firm: administering £bns on behalf of investors and financial advisers
|Minimum amounts:||£50 minimum monthly amount
£25 minimum initial amount
|12 month indicative performance:||
A medium risk active fund returned 9.2% in 2017, after charges.
"I've been reading about Beaufort Securities, and how potentially the administrator could have used investor money to cover their costs. What is the best way to avoid the same thing happening to my Stocks and Shares ISA?"
Jenny, Greater Manchester
29/04/2019Read our reply
"Where can I get a good Junior ISA?"
Rebeccah, Greater London
27/03/2019Read our reply