I have never had a problem with iii admin etc. There fees are v competive especially as the £20 per quarter is the total charge across all accounts ( ie you can have an ISA and a Trading account and the total is still £20 per quarter) and buys you two free trades a quarter.
I'm not sure about the delays in receiving divi's or reinvesting as I dont do that and have a large cash buffer in my accounts.
I have migrated my wife's accounts and one adult daughter from Alliance to iii on grounds of costs and that iii website is much better ( Alliance's dont even tell you the original cost of shares you hold).
iii dont charge you for 'Corporate Actions' as far as I can see, whereas Alliance did.
iii will transfer shares between spouses without charge, which is useful for managing CGT, and similiarly will transfer cash between accounts.
I have used them for overseas purchases as well and found them much much cheaper than my other broker where I have had ISA's or equivalants almost from the start.
Interested to hear of any recommendations for non-iii investment services.....
Hi fiat, take a look at AJ Bell at https://www.youinvest.co.uk
Charges are competitive, with funds you get a discount or kickback on most annual percentage charges. They have a decent mobile app that enables full dealing ability, accounts include SIPP, ISA and Dealing. You can also phone up for more bespoke transactions like a bed and ISA. Funds transfer in and out immediately via debit card and bank transfer but you still need to wait for settlement of share transactions before funds are available to withdraw but if reinvesting then they are available straight away.
I have found TD to be pretty efficient with dividend handling and iii sometimes quite slow to credit them to my account.
One of the concerns that I have is that I have £75k of bank deposit protection with each of TD and iii and I expect that if my TD holdings are transferred to iii my protected amount will then be just £75K, effectively halving my protection.
From memory, I think that the Hargreaves Lansdowne scheme is hosted by iii and so that is not really an option for me to preserve my protection.
Interested to hear of any recommendations for non-iii investment services.
I have accounts with both Hargreaves and iii. Very happy with HL (principally overseas funds).
My big issue with iii, and I'm surprised no one else has mentioned it, is their tardy performance in clearing funds. Following a share sale, there is typically a 3 day delay until funds can be transferred and then a further 3 days until it reaches my designated bank account - total 6 working days. With HL its a couple of days.
My biggest issue with iii is the interface is very poor - especially if you try to access over mobile or tablet. Their app is virtually unusable on some devices. They are price competitive though and I have found the service teams responsive. Not noticed that they are slow on divi payments but then I haven't really been watching.
Staying with TD until I know more about changes/charges etc. Currently pay no fees on Share ISAs with TD. My understanding is that HL are expensive comparatively although the service seems good.
Never had any issue with TD with dividends paid on time-Previously with III and at times dividends were paid up to 5 days after the due date which I found frustrating.
g16cos I have had a share dealing account with iii for around 10 years and I am a little surprised by your comment that lots of people seem to have negative experiences with iii.All I can say is that transactions in terms of buys,sales,collecting & paying out dividends must run into four figures and to date they have never made an error!
Their platform is easy to use & it is easy to access accounting records & transactions going back years if required.I also have active share dealing accounts with Halifax,HSBC & Jarvis.All are accurate & reliable Halifax is on a par with iii,Jarvis is cheaper but has a poor service re paying out dividends;HSBCs historic record keeping service is poor if you have lost anything.I have multiple accounts for financial security reasons.
iii research facility is superior (which is this platform) to all but this is free to use regardless of who you deal with.The only drawback is that iii charge £20 per quarter credited against two transactions so there will be a charge if you do fewer than these to transaction a quarter.
I do not deal in cfds,spread betting etc so my comments relate to normal share buy/sells only.I rarely buy on overseas exchanges.
I have a TD account which soon will be taken over by III group. I have one question for everyone. I have been looking to transfer to Hargreaves Lansdown as lots of people seem to have negatives experiences with III, and so, was wondering what other people are doing in the same situation? Will you consider transferring to III if you are with TD or if you are unaffected, would transferring to HL be considered a good move, or perhaps another company? Appreciate all responses.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.