Stockbrokers: charges and services compared

Transcription

1 Stockbrokers: charges and services compared Account Execution Advisory Discretionary Directmarket Brokerswith Telephone Online Mobile Standard dealing costs Standard dealing costs Reduced dealing only access cash branches trading trading iphone foronline trades fortelephone trading chargefor trading frequent trades AllianceTrustSavings Discounted rate is dependent on the value of AllianceTrustshares BarclaysStockbrokers k , k 50 2,501-20k 65 20,001-75k 75 75,001-1m 0.1% 1,000,001 + on application Brewin Dolphin CharlesStanley Fastrade online: Telephone XO Service: 1% first 6 Fastrade per trade 5,000, next 5, %, balance 0.25%. Minimum 20 CollinsStewart Wealth Mgmt Fastrade (CharlesStanley) 4 Available Available 6 Via Dealing account: 1% on first 6 offline via offline via Charles 5,000, 0.5% on the next 5,000, Charles Charles Stanley 0.25% on the balance, minimum Stanley Stanley 20 Isa Account: 1% on first 4,500, minimum 20 maximum 45 First DirectSharedealing Fyshe Horton Finney (UKEquities)Commission per 6 transaction: 0-10,000 :1.65%. Next ,000: 0.6%.Then 0.4%. Min 25 Halifax From Hargreaves Lansdown % ( 20 min 50 max) idealing Commission on trades dealt 9.90 Discounts of 10% and 25% To LSESets where by market makers: 9.90 flat from the standard Order Books, to client is fee; commissions on orders commission rates can be Chi-X Order Book, unable to dealt on LSESETS Order provided through preto Euronext Paris place trade Book: 0.1% commission purchased commission Order Books, to over internet subject to 10 minimum (incl credits Euronext Liffe Equity & Index Option & Financial Futures Order Books auction periods; passive orders); Commission on orders dealt on Euronext: 0.05% (continued over page) 26 INVESTORS CHRONICLE 7 SEP - 13 SEP 2012

2 Account Inactivity Costfor Costforpersonal Costfordealing in Costsfordealing in Dividend Annual Exchange Self management fees certificate dealing Crestmembership internationalshares corporate bonds reinvestment report traded -select charges plan costs & accounts products Isas? supplied 10+ VAT per quarter, plus full rebate of all 6 40 per transaction % FX charge to AllianceTrust 4 plus 4 fund manager commissions received shareholders otherwise ITs typically0.75% of valueoftheinvestment availableonline * 6 min % FX % commission k1.75% % FX k 35 min 1, max 15k+ 0.85% % FX 1, k ,501-20k 65 20,001-75k 75 75,001-1m 0.1% 1,000,001 + on app. Minimum 250 per quarter per trade same as 20 per trade same as Included UKequities UK equities Discretionaryand Advisory 6 10/ plus VATperyear. Telephone XO Service: Telephone XO Service: Management by arrangements plus dealing Complimentary 1.5% first 5,000, 1% first 5,000, subject to a 400 minimum, commission for discretionary/ next 5,000 1%, balance next 5, %, plus VAT. Includes UKCustody. advisory managed 0.375%. Minimum 50 balance 0.25%. Min 20 Fastrade accounts: 5.10 accs. Fastrade accounts per quarter Nominee fee per quarter 400 offsettable 400 offsettable Standard rates Standard rates + 50 Standard rate for non-crest bonds 5.10/quarter /quarter 6 na Done at no charge min 6 EUR $29.95 online Gilts 40 online 6 On request 4 4 EUR $49.95 telephone 50 telephone (not ETCs, ETNs) Management fees per Max. 100 Additional Commission per transaction: Commission per transaction: half year 0.50%; Min 150 half-yearly. peryear 15 per contract half yearly 0-10,000:1.65%. Next 20k: 0-10,000:1%. 0.6%.Then 0.4%. Min 35 Then 0.25%. Min % of the deal value, %, maximum Annual reports available 4 4 minimum Share account nil, Isa 0.5% 6 1% min 20 for 6 1% (min 20 max 50) 1% (min 20 1% (min capped at 45,Sipp 0.5% 0-10,000, 0.5% on max 50) 10 max 50) capped at 200 amount 10,000-20,000 and 0.25% over 20k 5.00 per quarteryear 6 5 certificated 6 Dealt in sterling transferfee Dealt in euro on and off + commission Dealt in US dollar: $16.50 book, and in GBP, USD or EUR 7 SEP - 13 SEP 2012 INVESTORS CHRONICLE 27

3 Stockbrokers: charges and services compared Account Execution Advisory Discretionary Directmarket Brokerswith Telephone Online Mobile Standard dealing costs Standard dealing costs Reduced dealing only access cash branches trading trading iphone foronline trades fortelephone trading chargefor trading frequent trades idealing (continued) commission subject to EUR 0.45 minimum. Deals dealt in US dollars: $16.50 commission (dealt by market maker), 0.1% commission, subject to $17.50 dealt on LSESETS Order Book Internaxx James Brearley &Sons Via JBS Planned 0.75% subject to 15 min UKshares, overseasshares, Subject to own online in the and 30 max per bargain preference shares and discussion trading future Open/Closed Ended Funds platform called ICON rates. 0 to [email protected]%, next 8k@1%, then Killik LloydsTSB from NatWestStockbrokers per trade UKEquities Online First 5,000 of each transaction Telephone trading % per trade First 5,000 of each Thereafter 0.20% per trade transaction 0.80% per trade Minimum per trade Next 45,000 of each transaction 0.15% per trade Thereafter 0.10% per trade Min per trade International Equities Online Telephone trading First 15,000 of each transaction 1.00% per trade Thereafter 0.375% per trade Minimum per trade 28 INVESTORS CHRONICLE 7 SEP - 13 SEP 2012

4 Account Inactivity Costfor Costforpersonal Costfordealing in Costsfordealing in Dividend Annual Exchange Self management fees certificate dealing Crestmembership internationalshares corporate bonds reinvestment report traded -select charges plan costs & accounts products Isas? SecuritiesCustody: %, waived for FrequentTraders 0.5% (plus VAT) pa on per bargain na Normal Rates 0 to 7k@ 0 to 5k@ 1.25%, Stocks discretionary, 0.5% (plus VAT) 1.75%, then next 8k next 10k@ 0.75%, and shares pa with minimum 200 pa % 0.5% and JIsa managed advisory, Isa & JIsa Plus ForeignStockCharge offered by managed advisory, Isa & JIsa oncanadian shares JBS, 0.75% minimum 6 monthly 50 and for US, European charge 10. and other overseasshares 25/peryear account charge 6 standard dealing costs 120/peryear 2% for first 25,000 1% (only one account is required (however benefitssuch consideration; 0.5% irrespective of the number of sub as obtaining report on the balance accounts ie Isa/Sipp etc and accounts and voting rights which are often associated withcrest can be obtained free via KillikShareholderservices) 8/Qtr 6 from online 6 from 15 online from 15 online SelfSelect Isa Nominee admin First 15,000 of each CREST personal International equities Telephone trading only Commission for Only if signed up to 4 4 Up to 10, peryear fee transaction 1.35% per membership is online flat rate DRIP trades is free shareholderservices 10,000 + ZERO VAT per quarter trade VAT per quarter per trade a standard 1.51 Elite ZERO We will waive the Thereafter 0.40% per trade We will waive the Telephone first 15,000 Nominee admin Telephone minimum CREST personal of each transaction fee if you hold per trade membership account 1.25% per trade 2,000 or more Online and mobile trading admin fee ifyou hold Thereafter 0.50% per trade in stock and/ application minimum 5,000 or more in stock Min per trade or cash in the per trade and/or cash in the account at the account at the time the time the fee is fee is levied, or ifyou levied, or if have traded twice or more you have traded during the previous quarter at least once or more during the previous quarter 7 SEP - 13 SEP 2012 INVESTORS CHRONICLE 29

5 Stockbrokers: charges and services compared Account Execution Advisory Discretionary Directmarket Brokerswith Telephone Online Mobile Standard dealing costs Standard dealing costs Reduced dealing only access cash branches trading trading iphone foronline trades fortelephone trading chargefor trading frequent trades Pilling &Co Min 20, 1.65% on first 10,000, Individual basis 0.5% on next 90,000, 0.4% on excess over 100,000 Redmayne-Bentley on transaction values 6 *New issues up to 1, % on can be transactions between 1,060 subscribed via website 7, % on the balance between 7,000 20,000 and then 0.45% on the balance above 20,000. ASettlement and Compliance charge of 7.50 is added to all transactions. Ring RBSSharedealing UKEquities Online First 5,000 of each transaction Telephone trading % per trade First 5,000 of each Thereafter 0.20% per trade Minimum per trade transaction 0.80% per trade Next 45,000 of each transaction 0.15% per trade Thereafter 0.10% per trade Min per trade International Equities Online Telephone trading First 15,000 of each transaction 1.00% per trade Selftrade ShareCentre % (minimum 7.50) 1% (minimum 7.50) 20 +VAT per quarter with dealing commission SharedealActive (Jarvis) Simplystockbroking Smile Invest Stocktrade Nominee &Crest: Nominee &Crest: 0.5% StarTrader: 0.2% 0.4% Min Min 15, Max 60 Min 14.50, Max Max 50 TD Direct Investing The appropriate online rate (frequent orstandard) frequent trader standard X-O.co.uk *Isa No administration fee is payable if only funds from our Funds Market are held. Where other assets are held: Portfolio value of 7,500 or less: 30 per annum + VAT Portfolio value of more than 7,500: 50 per annum + VAT Fees will be charged 6-monthly i MarketMaster No administration fee is payable if only funds from our Funds Market are held. Where other assets are held: Quarterly admin charge of 12+VAT (trade only once in the quarter and this fee does not apply) An additional 25 + VATfor your overseas 30 INVESTORS CHRONICLE 7 SEP - 13 SEP 2012

6 Account Inactivity Costfor Costforpersonal Costfordealing in Costsfordealing in Dividend Annual Exchange Self management fees certificate dealing Crestmembership internationalshares corporate bonds reinvestment report traded -select charges plan costs & accounts products Isas? Discretionary: 1% up to 250k, 6 No additional charge Not available Standard charges, although Standard charges 0.5% (plus stamp) % balance over 250k some custodians may apply investment managed: 0.5% up to charges, additional charges 250k, 0.25% on balance over 250k will be provided on request No charges or fees, only 40 where 40 where no A certificated transaction No joining fee and no A minimum of 15 Same asstandard 6 In the pipeline 4 4 no trades have been conducted for trades have charge of will annual charge. An settlement and compliance dealing costs for three complete years. Portfolio been conducted be payable for each inactivity custody charge charge is added to all telephone trading. management charges apply for for three whole certificated purchased of 40 will be applied to transactions. advisory and discretionaryservices. years made the account, where no trades have been conducted for a full one year period Electronic 4 6 SelfSelect Isa Nominee admin First 15,000 of each CREST personal member International equities Telephone trading only Commission for Only if signed up to the free 4 4 Up to 10, peryear fee transaction 1.35%per -ship VAT per Online DRIP trades is a shareholderservices 10,000 + ZERO + VAT per quarter trade.thereafter 0.40% quarter. We will waive Flat rate per trade standard 1.50 Elite ZERO We will waive per trade.telephone thecrest personal Telephone the Nominee min per trade. membership account First 15,000 of each admin fee ifyou Online and mobile trading admin fee if you hold transaction 1.25% hold 2,000 or application minimum 5,000 or more in per trade more in stock and/ per trade stock and/or cash in or cash in the account at the time the fee is levied, or if you have traded at least once or more during the the account at the time the fee is levied, or ifyou have traded twice or more during the previous quarter previous quarter VAT per 20 6 Normal dealing fees and over phone if quarter if no percentage on FX value more than trades completed 2.50 per quarter 6 1% (minimum 25) 6 No extra cost No extra cost No charge but dividend can only be reinvested if the than p/a Isa management fee Various Electronic 4 4 value is more % min 12 max 6 8 per trade flat fee 8 per trade flat fee by post only VAT each quarter No trades 12 + VAT 6 1% Min 25 No Max 40 + VAT pa 50 foreign bargain charge stocks Isa only VAT Appropriate online/ 6 Online Telephone trading only SCRIP - No charge, 4 (UKonly) 4 4 per quarter telephone rate Standard DRIP (avoided by trading once in a quarter, or accountbalance greaterthan 8.95 Frequent trader ( for telephone 7.5k) Various Electronic 4 4 trades) &Shares n arrears. SIPP - No administration fee is payable if only funds from our Funds Market are held. Where other assets are held: Quarterly admin charge of 50+VAT. Administration charges are taken in arrears and apply per account. portfolio (waived if a deal was made in that quarter) 7 SEP - 13 SEP 2012 INVESTORS CHRONICLE 31