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funds available at FD
Posted: March 10th, 2024, 11:30 pm
by James
Hi
Apologies if the wrong place to ask, but does anyone know what ETFs are available in First Direct's share ISA. Have googled to no avail and website isn't helping. Partner has a FD a/c and wants to open a shares ISA. I want to know if they have the Vanguard Lifestrategy funds.
J
Re: funds available at FD
Posted: March 11th, 2024, 1:26 am
by mc2fool
James wrote:Hi
Apologies if the wrong place to ask, but does anyone know what ETFs are available in First Direct's share ISA. Have googled to no avail and website isn't helping. Partner has a FD a/c and wants to open a shares ISA. I want to know if they have the Vanguard Lifestrategy funds.
J
No idea to the general question, but the Vanguard Lifestrategy funds aren't ETFs, they're OEICs and as far as I can see on a quick look at the FD S&S ISA pages you can't buy OEICs or UTs through them.
Re: funds available at FD
Posted: March 12th, 2024, 5:25 pm
by ukmtk
I have a shares ISA with AJBell.
I think they are relatively low cost and have a large selection of investments available.
There regular saver is quite good but narrows the choice available a little.
Re: funds available at FD
Posted: March 12th, 2024, 5:49 pm
by mc2fool
ukmtk wrote:I have a shares ISA with AJBell.
I think they are relatively low cost and have a large selection of investments available.
There regular saver is quite good but narrows the choice available a little.
And charges an ad valorem 0.25% for OEICs and UTs up to £250,000. Not as bad as some other brokers but damn expensive for any notable amount.
The really low cost option for holding OEICs/UTs is IWeb. No holding fees or annual charges at all.
Re: funds available at FD
Posted: March 12th, 2024, 6:22 pm
by ukmtk
AJBell ISA is capped at £3.50 per month for shares, ITs & ETFs.
It is similar with Hargreaves - I only pay £200 per year for them to hold £300K.
Re: funds available at FD
Posted: March 12th, 2024, 7:19 pm
by mc2fool
ukmtk wrote:AJBell ISA is capped at £3.50 per month for shares, ITs & ETFs.
It is similar with Hargreaves - I only pay £200 per year for them to hold £300K.
Yes, and (like HL) not capped for OEICs/UTs, which is why you're paying £200 per year more than you would with IWeb.
Remember, the OP was asking about holding the Vanguard Lifestrategy funds.
Re: funds available at FD
Posted: March 20th, 2024, 2:03 pm
by apb123
I would avoid Bank linked investments. They are generally opaque and expensive.
Get her to open a vanguard account and buy Lifestrategy.