The Share Centre widens its ISA range to offer investors more choice with lower fees, whatever their investment knowledge. Guy Knight, Sales and Marketing Director at The Share Centre, explains the benefits.
We wanted to develop a range of ISAs to cater for every investor, whether they want complete control of their investments or want the tax benefits whilst leaving the investment management to our experts.
Many of our customers are new to the market and recognise the benefits of an investment ISA but aren’t sure where to put their money.
Our new Ready-made ISA is the easy choice for such investors. It invests in our sister company Sharefunds’ SF Portfolio of funds – the SF Cautious fund, the SF Positive fund or the SF Adventurous fund. Investors can choose which one best suits their investment goals and attitude to risk level.
These are funds of funds that invest in funds offered by well known investment houses, the majority coming from our Platinum 120 range and are managed for the investor by Andy Parsons and Sheridan Admans. There’s no dealing commission, no initial charge, and no account administration, so the full value of the investment goes into the fund.
Our Self-select Funds ISA is designed for those who only wish to invest in funds and has no administration fee. Over 2000 funds are available for this ISA and if the investor chooses from our Platinum 120 range of funds, there is no purchase commission and the majority have no initial charge.
We have also introduced a fixed administration fee for our online only Self-select Stocks and Shares ISA. This ISA gives investors choice of the underlying investments for a fixed fee of £12.50 per quarter.
Full details of these new ISAs can be found on our website share.com/ISA.
As an existing customer you may benefit from this change in our ISA range. If you do wish to switch your existing account into any of these new products then please call our Customer Service team on 01296 41 41 41. We’re here from 08:00 to 18:00, Monday to Friday (excluding public holidays) and will be pleased to help.
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I will reccommend your wealth-making, educational,proffesional to the minutest detail in precision website to anyone wishing to exercise their wits and abilities in making their money through the wide choice offered for sellection,and even try their best to contain the risk factor as much as possible
Sir/Madam
Customer No. 202232
Your statement below worries me.
“We have also introduced a fixed administration fee for our online only Self-select Stocks and Shares ISA. This ISA gives investors choice of the underlying investments for a fixed fee of £12.50 per quarter”
Does the above mean I will see increased quarterly costs because I choose the investments I want i.e. GSK Rexam Greene King British Land to name but a few. I hold seveal ISA investments with you in specific companies that I have chosen myself. Does this mean a charge of £50 per year for each ISA you manage on my behalf?
Will the charge now be more when compared to the last set of fees you took from my account the last time.
I look forward to your reply and some comparison costs.
RG Robson
Hi Mr Robson,
We’ve just sent you an email to further discuss your own account options.
Kind regards,
The Share Centre
Sir
We have held DIY ISAs with the Share Centre for a few years. Will our DIY ISAs be re-badged automatically as Self-select ISAs or do we need to transfer them into new Self-select ISAs? I can no longer find reference on your website material to a DIY ISA although our on-line statements still calls them DIY ISAs.
The new charging structure is very welcome as 0.125% plus VAT per quarter is too much for simply holding the shares in the ISA wrapper as this admin cost soon mounts up as the account value increases over time both with investment returns and with new annual contributions. Otherwise, a most excellent service from you in my view with a genuine ethical philosophy to the Share Centre.
Many thanks.
David Eaton
Hi David,
Thank you for your comment.
If you feel changing to the new Self-select Stocks & Shares ISA would best suit you, please call our customer service team on 01296 41 41 41 and they will be happy to help.
Kind regards,
The Share Centre