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Halifax vs iWeb, and regular investing

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Jabd2001
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Halifax vs iWeb, and regular investing

#150310

Postby Jabd2001 » July 5th, 2018, 7:46 pm

I am looking for a broker for both and ISA and a SIPP for a family member.
Shortlist is iWeb and Halifax. I know iWeb but have never used Halifax.
The accounts will be invested in funds with infrequent trading, and will be each worth around £50k
Any people with experience of both care to comment?
In particular, how flexible is the Halifax regular dealing facility - can you just set it to invest from a cash account (eg like Youinvest) or do you need to link to a regular DD (like Alliance Trust)?

Also, any comment on general administrative competence eg dealing with powers of attorney and third party mandates?
Thanks.

paulnumbers
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Re: Halifax vs iWeb, and regular investing

#150331

Postby paulnumbers » July 5th, 2018, 8:48 pm

The regular investing is very flexible. It doesn't even have to be regular, you can do "one off's", and from cash in the account.

XFool
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Re: Halifax vs iWeb, and regular investing

#150345

Postby XFool » July 5th, 2018, 10:00 pm

Jabd2001 wrote:I am looking for a broker for both and ISA and a SIPP for a family member.
Shortlist is iWeb and Halifax. I know iWeb but have never used Halifax.

I know HSDL, but not iWeb! But as HSDL is Halifax, as is iWeb, they should be pretty well identical. But not having an iWeb account I don't know how 'identical' they are...

Unfortunately I have never used regular investing. I have in the past on an IT account used dividend reinvestment but, at £2 per trade, gave it up as too expensive for the then relatively small amounts involved. I have to say I have some gripes with HSDL admin.

BobGe
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Re: Halifax vs iWeb, and regular investing

#150365

Postby BobGe » July 6th, 2018, 3:43 am

Jabd2001 wrote:I am looking for a broker for both and ISA and a SIPP for a family member.
Shortlist is iWeb and Halifax. I know iWeb but have never used Halifax.

Save for a little difference in charges, they are effectively one and the same. iWeb is the 'budget' product.

Jabd2001 wrote:In particular, how flexible is the Halifax regular dealing facility - can you just set it to invest from a cash account (eg like Youinvest) or do you need to link to a regular DD (like Alliance Trust)?

It can debit clear funds held in a sharedealing cash account or can be set to debit a linked bank a/c (one only) a few days in advance of the investment date.

Jabd2001 wrote:Also, any comment on general administrative competence eg dealing with powers of attorney and third party mandates?
Thanks.

Pass, sorry.


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