How much do you pay your 'stock-broker'?

[clearedforlanding]

INKSPI

I pay my Hedge Fund Manager.

[d000hg]

My Grandmother inherited stock from her father and grandfather. Just before the credit crunch, she signed it all over to my mum and her sister, who immediately cashed it in.

Good timing. Althoigh if they'd kept it, it would be worth more now. However, they gave a portion to me and my siblings. I bought shares, and currently looking at 95% returns since 2015.

Right place, right time.

I have a couple like that through luck rather than nous. Although I think I might be up something silly like 60% since Covid, not checked since dips the last week or two. I was very close to selling the lot when it became Covid was going to be a big deal, lucky I didn't. As my broker reminded me last week "shares aren't the real world".

[NotAllThere]

My Grandmother inherited stock from her father and grandfather. Just before the credit crunch, she signed it all over to my mum and her sister, who immediately cashed it in.

Good timing. Althoigh if they'd kept it, it would be worth more now. However, they gave a portion to me and my siblings. I bought shares, and currently looking at 95% returns since 2015.

Right place, right time.

[d000hg]

Sounds like everyone so far is using self-serve online services, nobody still with an old-school broker?

My late dad was quite into his S&S and had an account with a London broker - this was pre-online brokers (virtually pre-internet) and pre-ISA - TESSAs was it?
He was very pro-investment and sometime in the 90s he set up some sort of trust account with them for me which he managed, encouraging me to get interested in choosing stocks. This must have been the time of the .com bubble and I remember owning Psion, ARM and similar.
When I turned 18 I 'inherited' the account and left it with the broker. So I was in the odd situation I had an account with a major London stockbroker with about £3000 in it - I'd get emails inviting me to corporate events in Mayfair, rugby matches in Twickenham, etc.
Largely through inertia I've stayed with them ever since.

[NotAllThere]

Holding fees are 0.025% quarterly (min. £12, max. CHF 40 - I pay the max). That's the maximum. Up to £400 trades cost £7. £400-£1600, £16 and £1601-£8000 £24.

[caffeine man]

brokers like Trading 212, Freetrade and Etoro are commission free. FT charge 10/month for an ISA, but you get something like 4% on the first few K of any cash balance.

[d000hg]

About £200-250 a year total. £150 is holding fees. The rest is trading fees. It pales into insignificance with the stock growth and dividends. I don't trade much - just buy.

Without knowing that as a % I am not sure if I pay 4X as much as you or am 4X richer or what... but you probably do not wish to express the % now

[BlasterBates]

0,25% commission per trade plus a basic charge of £3.50.

[NotAllThere]

About £200-250 a year total. £150 is holding fees. The rest is trading fees. It pales into insignificance with the stock growth and dividends. I don't trade much - just buy.

[courtg9000]

I think that's called "inside her trading", isn't it illegal?

your filthy mind!
But to be technical. She is only looking after our own funds at the moment.

[d000hg]

Zilch.
I'm married to her!
"family discount!"

I think that's called "inside her trading", isn't it illegal?

[courtg9000]

Zilch.
I'm married to her!
"family discount!"

[d000hg]

I know a lot of us here are into their stocks and probably use self-managed online platforms with very low fees, others presumably still use a broker who provide some level of advice and management. The company I use are pushing a flat fee over per-trade-commission and I wondered who people use and how much it costs them (as % of portfolio per annum?)