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.

Click here to see this on our slider tool

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.

Click here to see this on our slider tool

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.

Click here to see this on our slider tool

Comparison Calculator from 1 April 2014

_________________________________________________________________________________

Shares

Trade UK shares online for £2.50 a trade, including Main Market, AIM and PLUS. There is no minimum or maximum number of trades for the £2.50 rate, which also covers limit orders, stop losses, debt securities and ETFs. Loyalty rebates for customers with over £500,000 will bring the effective cost per UK online trade down to 50p per trade, for the first 2,000 trades per year.

Prices come direct from the London Stock Exchange's Proquote central trading hub, ensuring competitive spreads. No margin is added to the quotes obtained. Stockbroking and custody services are provided by James Brearley & Sons.

There is no minimum account balance, just ensure you have sufficient funds to cover the Annual Fee of 0.24% (from 1 April 2014 subject to a minimum quarterly charge of £30). This covers both the General Investment Account and ISA.

Funds

Most investment funds can be held on the Frequent Trader platform. If a fund you are interested in is not included on our fund list, let us know and we can usually add it.

We provide access to institutional and clean share classes, i.e. those without platform fees or trail commission included within their AMCs. If a retail fund class is re-registered onto the platform all payments from the fund manager to the platform for that holding (trail commissions) are rebated into your account. This can be up to 0.875%. Note for General Investment Accounts only, a 25p administration charge applies to each rebate.

There is no platform charge to buy or sell funds, but our Annual Fee of 0.24% applies, and a small minority of funds carry Supplementary Application Charges. These are clearly shown on our Fund Charges webpage.

Premium Services

The standard Frequent Trader platform offers an outstanding service. But we know that some investors have more complex requirements. That is why we are pleased to offer these Premium Services, which carry extra charges:
. £25 per trade telephone trading
. International share trading
. Funds with Supplementary
  Application Charges


Complex Financial Instruments

You can access the following investments by completing an appropriateness assessment:
. Synthetic ETFs
. Listed Structured Products
. Warrants & Covered Warrants
. Complex Funds*
. Shares on unregulated markets*

* These Complex Financial Instruments may also be subject to additional charges.

How to Apply

Joining the Frequent Trader Service is straightforward.

There is no minimum to open an account (but remember the £30 minimum quarterly charge that applies to the Annual Fee of 0.24%).

Just fill out the appropriate application forms and send them in with identification documents to cover our anti-money laundering requirements.


Our How to Apply page will guide you through this step-by-step.


Alternatively, complete our request form and we will post you a pack containing all the necessary information and forms to apply.

_________________________________________________________________________________

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.