as of 27/08/2020 at 9:51 am
Alliance Trust Savings is one of the few groups that has a fixed £ fee, rather than as a percentage. An ISA costs £10 per month and a pension is £21. This makes it relatively cheap for larger portfolios (about £75,000+) but expensive for smaller. Not worth it if you have less than £50,000 in which case it is too pricey for what you get. There are also charges for buying and selling funds, so there are cheaper options available for those that regularly invest small amounts into multiple funds.
There is a wide range of investments from which to choose – including shares and funds – which might confuse the less confident. Behind the public website, the secure site is still a bit clunky and it's not the easiest or most intuitive site to navigate around. Typically liked and used by more confident investors with larger portfolios who aren't after bells or whistles but low-cost access to a trading and investment platform.
Large firm: manages £bns on behalf of investors and financial advisers