#582229
Postby tjh290633 » April 11th, 2023, 4:37 pm
I have commented on the past of the problems associated with having investments split between a PEP and an ISA with the same broker, when it was not possible to amalgamate them. I would definitely recommend a single account for one forms of investment, be it ISA or SIPP.
Recently I have found the transfer of Jump Holdings to HL and of Alliance Trust Savings to II to be not without problems. F&C Investment Managers peregrination via BMO to Columbia Threadneedle has also been troublesome. I should add that these are designated accounts for grandchildren, approaching or past their majority, and in theory getting investments transferred into their own accounts should work easily. Sale of a broker ought to be simple for the investor caught up, but it is not.
Having said all that, I have a couple of ISAs with fund managers dating back to the 1990s, one with M&G and the other originally with Eagle Star, but now run by Columbia Threadneedle. and my wife fas one with yet another fund manager which has been through several manifestations, from Newton to JP Morgan.
My recommendation is for one account for each type of investment. I think that size is of little relevance. Changes of ownership of the broker or fund manager can be a pain.
TJH