Fidelity (Investments)

Jokester

Jokester

Jokester

Don
Joined
7 Aug 2003
Posts
44,688
Location
Aberdeenshire
What's peoples' opinion of Fidelity?

Just had a letter from L&G saying they've sold their personal investment business to them and I've got till June to decide what I'm doing with the ISAs I had with them. Decent enough provider?

Also, what's happened to L&G? They seem to be pulling out of several markets. Had a pension with them that's been shifted to Re-assure last year as well.
 
They seem ok. I'm with HL but looking at Vanguard now as a platform. I used to have pensions in Re-Assure (ex Barclays SIPPS) but transferred those over to HL last year. Might want to check the charges on that one and see if it is still suitable.
 
Fidelity are great, used them for around 10 years, my bank account is with them and one of my 401k's. The investments give good returns.
This is in the US.
 
Basic platform charges seem to be:
Vanguard 0.15%
Fidelity 0.35%
HL 0.45%
With fund charges on top.
 
I was in a similar position to you — my S&S ISA was with Cavendish for the low fees but they were bought out by Fidelity.

Fidelity promised to match Cavendish’s fees for the first year but will increase to their standard rate after that.

I’ve just completed a transfer to Vanguard as I was only using LifeStrategy anyway.

Fidelity’s online platform is slick — very easy to use and probably a bit better than Vanguard’s but, for me, not worth the additional 0.2% fee.

The only limitation I found with Fidelity was that they only offer UK shares — might not be a problem for you depending on your investments.
 
Irish_Tom said:
I was in a similar position to you — my S&S ISA was with Cavendish for the low fees but they were bought out by Fidelity.

Fidelity promised to match Cavendish’s fees for the first year but will increase to their standard rate after that.

I’ve just completed a transfer to Vanguard as I was only using LifeStrategy anyway.

Fidelity’s online platform is slick — very easy to use and probably a bit better than Vanguard’s but, for me, not worth the additional 0.2% fee.

The only limitation I found with Fidelity was that they only offer UK shares — might not be a problem for you depending on your investments.
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How easy is it to switch? I put my daughter's ISA in HL but it's all Vanguard funds anyway, so may as well be in a lower fee Vanguard!
 
dLockers said:
How easy is it to switch? I put my daughter's ISA in HL but it's all Vanguard funds anyway, so may as well be in a lower fee Vanguard!
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The process is simple enough if you have all of the necessary info to hand. It has taken a month — the money landed today and I started the process on the 6th April — but other than the time waiting, it wasn’t taxing at all.
 
Fidelity are fine - full range of funds to pick from, good app/online
Cheapest option - Vanguard but currently limited to their own funds
Other options HL/Transact/AJBell etc - all various charges/costs

All depends on how much you have, how often you are buying/selling, what funds/EFT/shares you are using.

Not much between them all. Use most platforms over the last 10/15 years personally and professionally - there isn't many "bad" ones to pick from.
 
Irish_Tom said:
I was in a similar position to you — my S&S ISA was with Cavendish for the low fees but they were bought out by Fidelity.

Fidelity promised to match Cavendish’s fees for the first year but will increase to their standard rate after that.

I’ve just completed a transfer to Vanguard as I was only using LifeStrategy anyway.

Fidelity’s online platform is slick — very easy to use and probably a bit better than Vanguard’s but, for me, not worth the additional 0.2% fee.

The only limitation I found with Fidelity was that they only offer UK shares — might not be a problem for you depending on your investments.
Click to expand...

Mine was the same. I was with Cavendish originally, then Fidelity. After looking at the fees, I ended up switching to Vanguard. I've not had any issues with them and the switch was pretty much painless.
 
I'm undecided and also was with Cavendish, but think we have until August/September. I like choice, so Fidelity has that over Vanguard. That or do I switch to ETFs and go with another platform.
 
DireEmblem said:
I'm undecided and also was with Cavendish, but think we have until August/September. I like choice, so Fidelity has that over Vanguard. That or do I switch to ETFs and go with another platform.
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I suppose it depends on what you want to do really. If you wanted to stick everything into a life strategy fund then you might as well be in Vanguard for the low fee.
I've got a chunk in Vanguard funds but also like choice, so will stick with HL for now, simply because I quite like the platform, so am willing to pay the 0.45 fee. I would have been happy with Fidelity too I think if I'd used them first.
 
How are you guys investing is it directly with say vanguard, I was thinking of putting some money into an etf long term I already use etoro for abit of fun with stocks and crypto so have the option of using that but not clued up on the disadvantages of using it for higher investment amounts.
 
JAMAL said:
How are you guys investing is it directly with say vanguard, I was thinking of putting some money into an etf long term I already use etoro for abit of fun with stocks and crypto so have the option of using that but not clued up on the disadvantages of using it for higher investment amounts.
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I use Fidelity for funds, and 212 for ETFs and Investment Trusts. All platforms are regulated by the FCA, including your eToro, so cash should be protected up to 85k, and your investments should be held in a segregated client account, which should mean worst case if your provider goes down, your assets are ring fenced.
 
DireEmblem said:
I use Fidelity for funds, and 212 for ETFs and Investment Trusts. All platforms are regulated by the FCA, including your eToro, so cash should be protected up to 85k, and your investments should be held in a segregated client account, which should mean worst case if your provider goes down, your assets are ring fenced.
Click to expand...

Sounds like im good to go then, thanks for the reply
 
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