Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

interactive investor

Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
timrichards1
Posts: 8
Joined: May 25th, 2017, 5:08 pm

interactive investor

#406237

Postby timrichards1 » April 22nd, 2021, 5:27 pm

has anyone got experience of using an interactive investor trading account to lodge their vct certificates and trading ?
I have us.ed HL for a few years but they have stopped accepting the certificates.
Thanks

IJ49
Posts: 32
Joined: November 7th, 2016, 6:36 pm
Has thanked: 12 times
Been thanked: 11 times

Re: interactive investor

#406249

Postby IJ49 » April 22nd, 2021, 6:04 pm

I've used ii to buy ands sell VCT shares as trades, with no major problems. The exception was just after the transfer from ATS when I had to message ii to get them to approve the inclusion of specific VCT shares for purchase. This was usually resolved in a couple of days, so not a problem as most BVT share prices change slowly. I was also happy with the prices.

Most of my VCT holdings are certifcated, but I have one that I would like to sell which I have deferred until I feel comfortable that ii will be in a postion to deal with it properly.

ij

timrichards1
Posts: 8
Joined: May 25th, 2017, 5:08 pm

Re: interactive investor

#406314

Postby timrichards1 » April 22nd, 2021, 8:37 pm

Thanks IJ, are there some VCTs that ii won't sell ?
If yes, Is there anyway of finding out which ones they don't sell ?
thanks

IJ49
Posts: 32
Joined: November 7th, 2016, 6:36 pm
Has thanked: 12 times
Been thanked: 11 times

Re: interactive investor

#406416

Postby IJ49 » April 23rd, 2021, 8:31 am

The easiest way I found was to set up a trade in the relevant stock and see if it would go on to allow a preview of the trade. If the stock was not currently traded a message to that effect would appear, then I sent a message querying. In all cases the stocks were added. I think it was a case that ii had not had investors before ATS who traded VCT shares.

Give it a go and see, I don't think you will have any problems.

ij

timrichards1
Posts: 8
Joined: May 25th, 2017, 5:08 pm

Re: interactive investor

#406522

Postby timrichards1 » April 23rd, 2021, 5:08 pm

thanks IJ, will do.
I noticed that they also give full trail commission refund on new issues rather than the typical 25% from Wealth Club
Tim

farnbrofool
Posts: 5
Joined: October 29th, 2019, 4:54 pm
Been thanked: 2 times

Re: interactive investor

#406979

Postby farnbrofool » April 26th, 2021, 8:57 am

I sent II all my VCT certificates when my account was moved over from ATS. It was all handled quickly and efficiently.

pje16
Lemon Half
Posts: 6050
Joined: May 30th, 2021, 6:01 pm
Has thanked: 1843 times
Been thanked: 2066 times

Re: interactive investor

#487309

Postby pje16 » March 18th, 2022, 9:26 am

Yikes.... the state has had an update
Someone who likes blue and orange has joined the team :roll:

sinterklaas
2 Lemon pips
Posts: 185
Joined: December 13th, 2016, 10:07 am
Has thanked: 86 times
Been thanked: 62 times

Re: interactive investor

#487438

Postby sinterklaas » March 18th, 2022, 2:41 pm

There is a thread here on selling VCTs that might be a more general source of info:

viewtopic.php?f=25&t=31599

Kidman
Lemon Slice
Posts: 438
Joined: November 6th, 2016, 1:10 pm
Has thanked: 22 times
Been thanked: 136 times

Re: interactive investor

#487499

Postby Kidman » March 18th, 2022, 5:24 pm

From memory, at the end of last year, Aberdeen (Aberdeen Standard, abdrn or whatever they are now), announced that they are buying 100% of II.

I seem to remember that they had to send out a very large number of large hardcopy documents relating to the takeover, perhaps to II customers and that had been delayed due to the lack of suitable paper.

If I were an II customer then I would be concerned about operational changes after the merger is completed.


Return to “Venture Capital Trusts (VCT's)”

Who is online

Users browsing this forum: No registered users and 10 guests