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 4 6 6 6 6 4 4 4 12.50 40 6.25 - Discounted rate is www.alliancetrust.co.uk dependent on the value of 01382 321000 AllianceTrustshares BarclaysStockbrokers 4 4 6 6 6 4 4 4 12.95 0-500 17.50 15-24 9.95 www.barclaysstockbrokers.co.uk 501-1.5k 35 25+ 6.95 0141 352 3000 1,501-2.5k 50 2,501-20k 65 20,001-75k 75 75,001-1m 0.1% 1,000,001 + on application Brewin Dolphin 6 4 4 6 4 6 6 6 6 6 6 www.brewindolphin.co.uk CharlesStanley 4 4 4 4 4 4 4 6 Fastrade online: 11.50 Telephone XO Service: 1% first 6 www.charles-stanley.co.uk Fastrade per trade 5,000, next 5,000 0.5%, 0207 149 6437 balance 0.25%. Minimum 20 CollinsStewart Wealth Mgmt 4 4 4 6 6 4 6 6 6 4 6 www.colinsstewartwealth.com 020 7523 4554 Fastrade (CharlesStanley) 4 Available Available 6 Via 4 4 6 11.50 Dealing account: 1% on first 6 www.fastrade.co.uk offline via offline via Charles 5,000, 0.5% on the next 5,000, 0845 345 5922 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 4 6 6 6 4 4 4 6 11 25 9 www.firstdirect.com 08456 100100 Fyshe Horton Finney 4 4 4 6 4 4 4 6 10.00 (UKEquities)Commission per 6 www.fyshe.co.uk transaction: 0-10,000 :1.65%. Next 0845 850 8503 20,000: 0.6%.Then 0.4%. Min 25 Halifax 4 6 6 6 6 4 4 4 11.95 From 25 6 www.halifax.co.uk 08457 225525 Hargreaves Lansdown 4 6 6 6 6 4 4 4 11.95 1% ( 20 min 50 max) 5.95 www.hl.co.uk/shares 0117 980 9800 idealing 4 6 6 4 6 4 4 4 Commission on trades dealt 9.90 Discounts of 10% and 25% www.idealing.com 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
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 6 40 + 1.3% FX charge 12.50 5 4 to AllianceTrust 4 plus 4 fund manager commissions received shareholders otherwise ITs typically0.75% of valueoftheinvestment availableonline * 6 min 25 6 1-14 12.95 1.5% FX 0-500 17.50 1% commission 4 4 4 0-15k1.75% 14-24 11.95 0.5% FX 501-1.5k 35 min 1, max 15k+ 0.85% 25+ 10.95 0% FX 1,501-2.5k 50 7.50 2,501-20k 65 20,001-75k 75 75,001-1m 0.1% 1,000,001 + on app. Minimum 250 per quarter 6 6 6 20 per trade same as 20 per trade same as Included 6 6 6 UKequities UK equities Discretionaryand Advisory 6 10/ 20 20 plus VATperyear. Telephone XO Service: Telephone XO Service: 6 4 4 4 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 5,000 0.5%, 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. 2.56 per quarter 400 offsettable 400 offsettable Standard rates + 40 6 Standard rates + 50 Standard rate + 50 6 4 4 6 for non-crest bonds 5.10/quarter 6 6 2.56/quarter 6 na Done at no charge 4 4 4 6 6 29.95 min 6 EUR 29.95 $29.95 online Gilts 40 online 6 On request 4 4 EUR 49.95 $49.95 telephone 50 telephone (not ETCs, ETNs) Management fees per Max. 100 Additional 125.00 Commission per transaction: Commission per transaction: 6 4 4 4 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 25. 6 6 1.25% of the deal value, 6 11.95 11.95 2%, maximum Annual reports available 4 4 minimum 30 11.95 Share account nil, Isa 0.5% 6 1% min 20 for 6 1% (min 20 max 50) 1% (min 20 1% (min 4 4 4 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 9.90 9.90 6 6 4 4 transferfee Dealt in euro 14.50 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
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 4 6 6 6 4 4 4 6 28 19.60 www.internaxx.lu +352 2603 2003 James Brearley &Sons 4 4 4 6 4 4 Via JBS Planned 0.75% subject to 15 min UKshares, overseasshares, Subject to www.jbrearley.co.uk own online in the and 30 max per bargain preference shares and discussion 0870 608 8870 trading future Open/Closed Ended Funds platform called ICON rates. 0 to 7k@1.75%, next 8k@1%, then balance @0.5% Killik 6 4 4 6 4 4 6 6 6 4 6 www.killik.co.uk 020 7337 0400 LloydsTSB 4 4 4 6 4 4 4 6 15 from 17.50 11.50 www.lloydstsbsharedealing.com 0845 60 60 560 NatWestStockbrokers 4 6 6 6 4 4 4 4 15.00 per trade UKEquities Online 12.00 www.natweststockbrokers.com First 5,000 of each transaction Telephone trading 0808 208 4400 1.00% per trade First 5,000 of each Thereafter 0.20% per trade transaction 0.80% per trade Minimum 45.00 per trade Next 45,000 of each transaction 0.15% per trade Thereafter 0.10% per trade Min 36.00 per trade International Equities Online 15.00 Telephone trading First 15,000 of each transaction 1.00% per trade Thereafter 0.375% per trade Minimum 37.50 per trade 28 INVESTORS CHRONICLE 7 SEP - 13 SEP 2012
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: 6 6 6 19.60 6 6 6 4 6 0.05%, waived for FrequentTraders 0.5% (plus VAT) pa on 6 7.50 per bargain na Normal Rates 0 to 7k@ 0 to 5k@ 1.25%, 6 4 4 Stocks discretionary, 0.5% (plus VAT) 1.75%, then next 8k next 10k@ 0.75%, and shares pa with minimum 200 pa on @1% balance @ 0.5 0% balance @ 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% 6 4 4 4 (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 27.50 online 6 from 15 online from 15 online 6 4 4 4 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 10,000 25.00 peryear fee. 10.00 + transaction 1.35% per membership is online flat rate 20.00 DRIP trades is free shareholderservices 10,000 + ZERO VAT per quarter trade 15.00 + 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 65.00 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 50.00 per trade or cash in the 55.00 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
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 4 4 4 6 6 4 6 6 6 Min 20, 1.65% on first 10,000, Individual basis www.pilling.co.uk 0.5% on next 90,000, 0.4% on 0161 832 6581 excess over 100,000 Redmayne-Bentley 4 4 4 6 4 4 6 6 6 17.50 on transaction values 6 www.redmayne.co.uk *New issues up to 1,060. 1.65% on 0113 200 6460 can be transactions between 1,060 subscribed via website 7,000. 0.50% 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. Ring395 4 6 6 6 6 4 6 6 6 3.95 6 www.ring395.co.uk 01892 800395 RBSSharedealing 4 6 6 6 4 4 4 4 15 UKEquities Online 12.00 www.rbs-sharedealing.co.uk First 5,000 of each transaction Telephone trading 0808 156 6000 1.00% per trade First 5,000 of each Thereafter 0.20% per trade Minimum 45.00 per trade transaction 0.80% per trade Next 45,000 of each transaction 0.15% per trade Thereafter 0.10% per trade Min 36.00 per trade International Equities Online 15.00 Telephone trading First 15,000 of each transaction 1.00% per trade Selftrade 4 6 6 4 6 4 4 4 12.50 17.50 6 www.selftrade.co.uk 0845 0700720 ShareCentre 4 4 4 6 6 4 4 4 1% (minimum 7.50) 1% (minimum 7.50) 20 +VAT per quarter with www.share.com 7.50 dealing commission 020 7663 4334 SharedealActive (Jarvis) 4 6 6 6 6 4 4 6 9.50 9.50 6 www.sharedealactive.co.uk 01892 700800 Simplystockbroking 4 6 6 6 6 4 4 4 8 8 6 www.simplystockbroking.com 020 7042 9910 Smile Invest 4 6 6 6 6 6 4 6 12.50 6 6.00 www.smile.co.uk 08448 448844 Stocktrade 4 6 6 6 6 4 4 6 Nominee &Crest: Nominee &Crest: 0.5% StarTrader: 0.2% www.stocktradebroking.co.uk 0.4% Min 14.50 Min 15, Max 60 Min 14.50, Max 50 0131 240 0400 Max 50 TD Direct Investing 4 6 6 6 4 4 4 4 12.50 The appropriate online rate 8.95 www.tddirectinvesting.co.uk (frequent orstandard) + 40.00 0845 607 6001 48.95 - frequent trader 52.5 - standard X-O.co.uk 4 6 6 6 6 6 4 6 5.95 6 6 www.x-o.co.uk 0871 811 1001 *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
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) 4 4 4 0.5% 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 12.50 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. 6 6 6 6 6 3.95 6 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 10,000-25.00 peryear fee. 10.00 transaction 1.35%per -ship 15.00 + VAT per Online DRIP trades is a shareholderservices 10,000 + ZERO + VAT per quarter trade.thereafter 0.40% quarter. We will waive Flat rate 20.00 per trade standard 1.50 Elite ZERO We will waive per trade.telephone thecrest personal Telephone the Nominee min 65.00 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/ 55.00 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 6 8.75+VAT per 20 6 Normal dealing fees and 40.00 over phone if 1.50 4 4 4 quarter if no percentage on FX value more than 17.50 trades completed 2.50 per quarter 6 1% (minimum 25) 6 No extra cost No extra cost No charge but 4 4 4 dividend can only be reinvested if the than 10 50 p/a Isa management fee 6 19.50 6 Various 9.50 6 Electronic 4 4 value is more 6 6 1.25% min 12 max 6 8 per trade flat fee 8 per trade flat fee 6 6 4 4 40 by post only 6 8.75 + VAT 6 6 6 6 6 6 4 each quarter No trades 12 + VAT 6 1% Min 25 No Max 40 + VAT pa 50 foreign bargain charge 6 6 6 4 6stocks Isa only 6 12.50 + VAT Appropriate online/ 6 Online Telephone trading only SCRIP - No charge, 4 (UKonly) 4 4 per quarter telephone rate + 50.00 12.50 Standard DRIP - 1.50 (avoided by trading once in a quarter, or accountbalance greaterthan 8.95 Frequent trader (+ 40.00 for telephone 7.5k) 6 6 6 6 Various 5.95 6 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