Anyone had any experience of Willis Owen?


N

nielsonj1976

Just wondering if anyone has any experience of the service offered by
Willis Owen (http://www.willisowen.co.uk/).

I am looking at using them to open an ISA and was attracted by the
refund of most, if not all, of the initial charge, and their annual ISA
fund reviews.

Many thanks in advance.
 
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T

Tiddy Ogg

Just wondering if anyone has any experience of the service offered by
Willis Owen (http://www.willisowen.co.uk/).

I am looking at using them to open an ISA and was attracted by the
refund of most, if not all, of the initial charge, and their annual ISA
fund reviews.
No. You can usually agree a split of the commission with an ifa who
should do an annulal appraisal, for what that may be worth. (might
be an excuse to get you to switch funds so he gets more commission.)

Tiddy Ogg.
http://www.tiddyogg.co.uk
 
J

john boyle

In message <r4gb02t2jk[email protected]>, Tiddy Ogg
(might
be an excuse to get you to switch funds so he gets more commission.)
A 'Fund Switch' means a switch between funds run by the same manager,
and therefore pays no commission.

Anm 'Isa Switch', in which the whole ISA is moved to ajother provider
would pay commission though.

But in any case, it is better to go to a fund supermarket such as
Fidelity or Skandia etc., and pay one initial fee but then have access
to loads of fund managers so that an ISA switch shouldnt then be
necessary.
 
D

Daytona

john boyle said:
But in any case, it is better to go to a fund supermarket such as
Fidelity or Skandia etc., and pay one initial fee but then have access
to loads of fund managers so that an ISA switch shouldnt then be
necessary.
Or look at Investment Trusts and Exchange Traded Funds (ETF) which
have always offered lower charges. How to OEIC and UT charges compare
to them these days ? I don't take any notice of them anymore.

Alliance Trust is another well regarded ISA provider that allows
freedom of choice
<URL:http://money.guardian.co.uk/consumerfinanceawards/story/0,11406,974610,00.html>
/ <URL:http://www.alliancetrusts.com/>

Are AT a fund supermarket ? Dunno what the precise definition is.

Daytona
 
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G

GSV Three Minds in a Can

from the wonderful said:
In message <[email protected]>, Tiddy Ogg


A 'Fund Switch' means a switch between funds run by the same manager,
and therefore pays no commission.

Anm 'Isa Switch', in which the whole ISA is moved to ajother provider
would pay commission though.

But in any case, it is better to go to a fund supermarket such as
Fidelity or Skandia etc., and pay one initial fee but then have access
to loads of fund managers so that an ISA switch shouldnt then be
necessary.
Of use someone like Hargreaves Lansdown, who'll do that =and= refund
some of the renewal commissions (and most of the initial commission).
 
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