stevio
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Post by stevio on Mar 29, 2018 16:37:18 GMT
I am considering using www.x-o.co.uk for a SIPP, as the Annual Fee and Transfer Fees are refunded by Jarvis and x-o dealing fees are one of the lowest. The SIPP administrator is Gaudi and the x-o platform supplied by Jarvis Can anyone help me in analyzing the financial health of both Jarvis and Gaudi? I am not great at interpreting accounts, so any great accountants or anyone capable in this area, would be appreciated elliotn I am not so concerned with Jarvis, but any information would be useful. Being considerably smaller, I would appreciate any analysis of Gaudi JARVIS INVESTMENT MANAGEMENT LIMITED beta.companieshouse.gov.uk/company/01844601Jarvis Securities Plc (AIM listed company) beta.companieshouse.gov.uk/company/05107012Gaudi beta.companieshouse.gov.uk/company/06638918 As you are checking platform finances and i assume compensation for platforms - have seen you mention ETF's not sure if you know but the compensation per fund can also depend on where they are domiciled i.e UK or Ireland Thanks, I thought FCA compensation was £50,000 per platform for securities (noting that Halifax and Iweb come under just one compensation as they are all part of the same group) - is there per fund compensation too?
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macq
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Post by macq on Mar 29, 2018 16:51:44 GMT
Yes funds are covered upto a point as well but i do get confused sometimes as have seen before that UK ETF's are under one scheme and Irish etc are under different scheme i.e only 20,000.But as IT's & ETF's are classed as shares if they went bust assume that's part of investing so not sure what kicks the comp scheme in (maybe fraud etc i guess)
Hopefully with the right funds/platform this should not matter
Looks like Monevator covered this a few years back but may still be relevant
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macq
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Post by macq on Mar 29, 2018 17:00:53 GMT
There could be a case for using a bigger platform if you want to feel safer.I can remember when you had to pay an initial fee of 5% & 2% per year at least.And with pensions there were so called initial units where for at least 2 years 80% of your money went to the fund provider in the form of units for the life of the investment.And share dealing costs were far more then even £10 a trade and reinvestment/monthly at £1.50 was unheard of.So platforms like Fidelity or HL dont seem so bad
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stevio
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Post by stevio on Mar 29, 2018 17:10:42 GMT
Yes funds are covered upto a point as well but i do get confused sometimes as have seen before that UK ETF's are under one scheme and Irish etc are under different scheme i.e only 20,000.But as IT's & ETF's are classed as shares if they went bust assume that's part of investing so not sure what kicks the comp scheme in (maybe fraud etc i guess) Hopefully with the right funds/platform this should not matter Looks like Monevator covered this a few years back but may still be relevant Thanks for bringing it up 
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andy2001
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Post by andy2001 on May 11, 2018 10:36:10 GMT
For a normal trading account Interactive Brokers is about as low cost as you can get.
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