Gsk Share Discussion Threads

[m_k_hubbert] 15/6/2017 14:50

I've used HL for around 2 years having moved from Stocktrade when they were taken over by Alliance Trust. Service I receive from HL is excellent with, for example, dividends typically being credited to my account by 1000h on payment date. Costs for trading (Vantage) account are a bit higher than some @£11.95 falling to £8.95 or £5.95 if >10 / 20 trades in preceding month but there are no platform charges. ISA costs are the same except there is a percentage platform charge capped @£45pa which becomes nominal after investing several annual ISA allowances. HL's reporting tools are good and I can normally produce an entire year's CGT return in about an hour.
HL also provide a dividend re-investment option for 1% commission min £1, max £10; for example a £100 dividend will be used to purchase additional shares on or about 11th day of month following receipt of dividend for just £1 dealing costs and 50p transfer stamp. If investor does not wish to re-invest a given dividend for a particular company they can simply transfer the dividend from Income to Capital account before 11th day of month.
Another advantage of HL is that there's no online limit (like the £25k quoted upthread) and I've had no difficulty trading above this threshold. It's well worth bearing in mind that, even at £25k consideration, commission is totally dwarfed by transfer stamp (£11.95 at HL vs £126 in transfer stamp / PTM levy) thus service and convenience as opposed to lowest commission rate are my principal factors to consider when selecting a broker.

[toffeeman] 15/6/2017 13:06

I think AJ Bell will IPO quite soon - that will be a relief to Neil Woodford:)

[tradermichael] 15/6/2017 12:53

AJ Bell are very big, and are privately owned ..... ;0)

[sicker] 15/6/2017 12:08

TM,I have been for a long time content with TD. They have just been bought by II and I am contemplating my options. I have considered AJ Bell but in this rambling post I wonder if they too are under another predator's microscope?

[harry the haddock] 15/6/2017 10:50

the other nice thing is that AJ Bell are equally helpful to 'newbies' to share dealing. my wife and her son are recent converts to share ownership and they are both pleased with the service and helpfulness of the staff

[tradermichael] 15/6/2017 10:22

Thanks guys for feedback on your execution only online share account experiences.

When Barclays Stockbrokers move my accounts to what I consider to be an expensive 'new' service I'm leaning towards a switch to AJ Bell.

Bell share deals are £4.95 to £9.95, and the Platform fee is capped at MAX £7.50 per quarter. The Barclays Smart Investor account is £6 per deal, BUT their Platform fee is 0.1% pa for shares (asset vale). I have nearly £3/4 million involved. It think it won't make me any more of a Smart Investor to pay them £750 per annum to hold my shares,..... ;0).

[zzaxx99] 15/6/2017 10:02

Another happy AJ Bell user here. You can't short through them, and they don't provide options, futures or spreadbets, but if you're happy with that restriction they're as good as I've found so far

[toffeeman] 14/6/2017 13:33

I use AJ Bell and they are good and getting better now they are open for US stock dealing.

[harry the haddock] 14/6/2017 11:23

got sipps and isa with aj bell.very happy, very helpful and efficient

[dr biotech] 14/6/2017 08:54

I trade about 10 times a year - fairly low. More recently I've been moving from shares to funds which I trade even less frequently. For this I find the halifax useful. If you trade more often then I can see the limitation. I like IG for their spread betting - I use them for live prices etc, but I don't want to keep my investments and gambles in the same place - too tempting to chase losses.

[zho] 14/6/2017 08:54

I use A J Bell (since leaving Selftrade - shambolic) and I've been very happy with them, but I have heard other people criticise them.

[tradermichael] 14/6/2017 08:50

Oh, thanks.
Anyone experience of AJ Bell, please?

[woodhawk] 14/6/2017 08:49

I have used the Halifax for nigh on 20 years - unfortunately their trading platform has barely changed in all that time.It is rudimentary in the extreme - IG is far superior to every respect, imo, and way cheaper. I only keep the Halifax account active as I prefer to not have all my eggs in one basket. I have also used SelfTrade - who treat their clients abysmally and I would never use again.

[dr biotech] 14/6/2017 08:15

I have two accounts. Halifax has most of my business as its low cost, no holding fee, just a small yearly fee. For no frills I find it useful.

I also use HL - their research is much better and they are better on some new issues, but more expensive.

The telegraph has a good comparison table of all the brokers and their costs for various portfolio sizes

[philanderer] 14/6/2017 07:58

14th june Liberum buy tp 1900p

reiterates

[tradermichael] 14/6/2017 07:56

Looking at AJ Bell - Max. £9.95 per online trade, Platform fee maximum of £7.50 per quarter

[tradermichael] 14/6/2017 07:08

Looking at the IG site - seems that the flat £8 per share trade (0-9 trades per month) is valid up to £25K. Rates above this trade size are subject to agreement by 'negotiation' - I have to called them and it may be possible to set up an arrangement for the account so that 'larger' value trades can be processed in single blocks (I'd have to check again on the fee, if any) to avoid having to deal in blocks of £25K ....... but it doesn't look clean at present.

[tradermichael] 14/6/2017 06:55

mattboxy - correct, it will be 0.1% of the asset value for holding shares (very expensive), compared to £14.40 per quarter at present. This is enough to see me off to somewhere else (latics2 and Woodhawk - I'll take a look at IG (it is IG, not IGG isn't it?), thanks for this).

The dealing charges are better, £6 per share trade, £3 per fund trade, but that doesn't mitigate the high 'holding' fee.

I'm really annoyed about this - I started off with Sharelink/Charles Schwab before it was taken over by Barclays. I've been an active account holder for many years. Next thing they will want is (I guess) a current account with Barclays in order to trade efficiently.

[garycook] 14/6/2017 03:46

Woody,Your here has well.Fair play.2,500 Shares here. Core holding for me.Owe me around a £10,with dividends reinvested,and you ?

[tim 3] 13/6/2017 23:13

Agree hate all these monthly/holding charges much prefer an upfront dealing charge then you know where you are.

[woodhawk] 13/6/2017 23:06

I like IGG too - only £5 dealing charge per trade if you do more than 10 per month. No annual charge for holding Shares ISA either, just normal dealing charges.

[latics2] 13/6/2017 22:54

IMHO very expensive....started as Barclays Stockbrokers then went to The Share Centre
and each time costs increased.I now use IGG straightforward cost £8 per transaction and easy to manage.

[mattboxy] 13/6/2017 14:29

I use them too! Am I understanding it correctly that they will charge 0.1% for holding shares?

[tradermichael] 13/6/2017 13:30

I currently use Barclays Stockbrokers on-line trading account for Shares and Investment ISAs. They are now about to change this to a Barclays Smart Investor account with a different cost structure.

See hxxps://www.smartinvestor.barclays.co.uk/invest/investment-costs/our-fees.html