Clubfinance

 

Core Services
  • Trade UK shares online at £2.50 per trade
  • £1 trades available for portfolios over £250,000 via Loyalty Rebate
  • 50p trades available for portfolios over £500,000 via Loyalty Rebate
  • Institutional and clean (commission-free) fund classes
  • No initial charge on over 1,700 funds (over 2,500 funds available)
  • If a particular fund isn't listed, contact us & we’ll try to add it
  • Access the Core Services for an Annual Fee of 0.24%
Premium Services

  • Telephone share dealing using James Brearley's experienced stockbroking team
  • Access international stocks, including Europe, US, Canada and even Australia
  • Access a wide range of Complex Financial Instruments, including Warrants, Synthetic ETFs and Listed Structured Products

Mr X is a frequent trader who makes approximately 40 trades per month in UK stocks. Through his current stockbroker he pays £5.95 per trade and no annual fee. His portfolio is worth £150,000; he holds no funds.

At first glance Mr X notes that with Frequent Trader he will pay an annual fee of £360. However, on closer inspection, he notes that he currently pays £2,856 a year in dealing charges. Under the Frequent Trader Service his dealing charges would be just £1,200.

By transferring to the Frequent Trader Service Mr X can save himself £1,296 every year.

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Mrs Y's current broker has a complex charging structure, with tiers starting at 0.45% for funds. She has an ISA worth £220,000, (£180,000 in 'clean' funds, £30,000 in Investment Trusts & £10,000 in shares), and a general account worth £170,000, (£100,000 in 'clean' funds, £40,000 in Investment Trusts & £30,000 in shares).

On her ISA, her current provider charges: £810 on funds; £45 on Investment Trusts; & £45 on shares. On her general account she is charged: £450 on funds; £45 on Investment Trusts; & £0 on her shares. She averages 2 share trades a month at £11.95 a trade, totalling £286.80 per annum.

She holds £60,000 in special fund classes not available on Frequent Trader, so the equivalent fund is 0.16% more expensive (£96 each year). She takes this off the total charge to compare with Frequent Trader.

The Frequent Trader Annual Fee is £936 plus £24 in share dealing fees (£60 less a £36 Loyalty Rebate). Even adjusting for the special funds, Mrs Y would save £625.80 per annum.

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Mr Z currently uses a funds-only fund supermarket through an execution-only discount broker that does not offer any trail commission rebates and has not yet moved to a fee structure. His portfolio of 12 retail class active funds is not held in an ISA and is worth approximately £125,000.

After investigating the fund charges using Frequent Trader, he finds that his Annual Management Charge rebate on retail funds would be 0.75%. However, he has checked his Capital Gains Tax position and chooses to switch into the 'clean' versions of these funds due to the income tax on rebates and to avoid the rebate administration charge. The Annual Management Charges on these funds are also 0.75% less than his current retail versions.

Mr Z currently pays no additional charges with his current service, but notes that using the Frequent Trader platform he would save £637.50. This is a £300 Annual Fee, less a £937.50 reduction in the Annual Management Charges on his funds.

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Price Comparision

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Please complete the following form to request an application pack

Complete the online form below and we will send you an application pack through the post.

Your Title First Name Last Name
House Name/No. Address Line 1 Address Line 2
Town/City Postcode E-mail

Please tick all that apply:

I want to open an ISA I want to invest in Complex Financial Instruments I want to invest in US Shares I want to transfer an existing ISA I want to transfer from an existing Nominee
I want to transfer from a Fund Supermarket I want to transfer a paper share certificate(s) I want to transfer from a personal CREST account I want to transfer Unit Trusts/OEICs held directly with the fund manager I want to opt-in to marketing from Clubfinance


Please note, we will only contact you about the Frequent Trader Service, unless you opt-in to other marketing from Clubfinance above. We will not pass your details to third parties for their marketing purposes.

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Important Information

Clubfinance Ltd is authorised and regulated by the Financial Conduct Authority (firm reference no. 400139). Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under 'contact'. Users of this website should be aware of the following:

  • Past performance is not a reliable indicator of future results.
  • The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations. For many types of investment, you may be placing your capital at risk, meaning that you may not get back the amount originally invested and you may risk losing your entire investment.
  • Some investments and policies may only be suitable as medium or long-term products.
  • Tax treatments depend on your individual circumstances and may be subject to change in future.
  • This website contains financial promotions relating to services offered by and products available through Clubfinance.
  • In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail.

The information on this website is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes and is governed by our terms and conditions of website usage, please click here for details. It is not for distribution in any other jurisdiction, including the United States of America.

Anyone who is not a UK resident should not continue with this site unless wishing to read about personal finances available to UK residents for informational purposes only.