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ISA Ltd good discount broker?

Investment | ISAs Helpful? 4

Asked by billymo, submitted 11 February 2012.

Open Quote I am a new user of your site, and would like to ask what you know about the discount broker INDIVIDUAL SAVINGS ACCOUNTS LIMITED ( an associated company of the PEP SHOP LTD ).

I have not been able to find anything on your site and would appreciate your views.
End Quote

Answered by Justin on 07 September 2012

Welcome to the site. Individual Savings Accounts Ltd is a fund discount broker based in Derby. Looking at their website it's a very basic service offering initial commission rebates on funds held via the Cofunds and FundsNetwork fund supermarkets. They also seem to produce an annual newsletter containing investment commentary and suggested fund lists.

I can't see any reason to use them. If you want the lowest cost then consider discount brokers like Cavendish Online that rebates all initial and ongoing trail commission, or fund platforms like Alliance Trust Savings & Interactive Investor that also rebate fund platform fees, albeit in exchange for annual and dealing charges. See our ISA discount broker comparison for more details.

If you're happy paying some or all of the trail commission then consider discount brokers like Bestinvest, Hrgreaves Lansdown, rPlan and Dennehy Weller (Fundexpert) that provide potentially useful research and guidance.

Please note this answer does not constitute a recommendation or financial advice and should not be relied upon when making specific investment or other financial decisions. You should always undertake your own research into whether a product or service is appropriate for your needs and, if necessary, use a qualified professional adviser.

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