Stocks and shares ISA Platform recommendations

[doconline]

Hi, as it's coming up to the end of the tax year and I haven't opened an ISA yet I wondered if anyone could recommend a stocks and shares ISA platform? I've had a quick look at HL & III, didn't know if anyone could recommend any others over these? I am looking at putting about £5000 into one, as this is just sat in my current account. I will probably make monthly deposits going forward of £250 and then lump sums when I take dividends out. I won't really be looking to trade too many shares, but will probably just put my money into a Vanguard 80/20 fund or similar.

Thanks in advance.

[milanbenes]

I didn't know what an ISA was, but I just looked it up, so basically it's a government scheme to prop us the stock market by offering the carrot of tax free returns

hmm

Milan

[diseasex]

Go with hl.

Good info and relatively low fees. I'm sure if you dig deep enough you'll find better provider to suit your specific needs but hl is no brainer

[TheCyclingProgrammer]

I was all set to use HL for my children's Junior ISAs however everything I've read suggests the best option in terms of fees is CSD.

https://www.charles-stanley-direct.co.uk/

[Sagara]

Have you checked out nutmeg.com ?

They do a risk analysis when you open an account (and yearly) and select a profile for you to invest in. Basically a risk point between 1 to 10, 10 being the highest risk. I've invested almost a year ago and the portfolio they have assigned to me is running with %4.5 yield at the moment which is not bad as I had choosen 3 for the first 9 months and recently changed it to 5.

With 3, I had a mix of everything bonds and FTSE 100 companies being the major part of the portfolio
With 5, I had less bonds and more equities. Also FTSE 250 and SP100 in the mix.

They do a revison of these profiles at least once a week as far as I know.

[diseasex]

Have you checked out nutmeg.com ?

They do a risk analysis when you open an account (and yearly) and select a profile for you to invest in. Basically a risk point between 1 to 10, 10 being the highest risk. I've invested almost a year ago and the portfolio they have assigned to me is running with %4.5 yield at the moment which is not bad as I had choosen 3 for the first 9 months and recently changed it to 5.

With 3, I had a mix of everything bonds and FTSE 100 companies being the major part of the portfolio
With 5, I had less bonds and more equities. Also FTSE 250 and SP100 in the mix.

They do a revison of these profiles at least once a week as far as I know.

So does pretty much any fund. Hefty fees involved

[tomtomagain]

Compare the UK’s cheapest online brokers

[doconline]

Thanks for the replies. I'll check out CSD, butthink HL will be the way forward. I had a quick look at nutmeg. Their performance doesn't look that good compared to other funds to be honest. Even their Portfolio 10 is out performed by the Vanguard 80/20, and beaten by an extra 30% by the Vanguard 100 over 5 years. Not sure of those returns for nutmeg are net of fees or not though.

[diseasex]

Thanks for the replies. I'll check out CSD, butthink HL will be the way forward. I had a quick look at nutmeg. Their performance doesn't look that good compared to other funds to be honest. Even their Portfolio 10 is out performed by the Vanguard 80/20, and beaten by an extra 30% by the Vanguard 100 over 5 years. Not sure of those returns for nutmeg are net of fees or not though.

Past performance is not indication on future growth ?

[CarlHammonds]

III stocks and shaes Isa is good

I use III stocks and shares ISA. SImple and easy to use.