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Fidelity FundsNetwork share dealing

As many of you will be aware, ISA and non-ISA funds have been at the heart of what we do since we first started. From time to time we receive questions from clients as to whether it's possible to invest into individual company shares using us as their intermediary. In the past, this is something that we have not been able to offer. However, this has recently changed with Fidelity FundsNetwork now offering clients the option to invest in individual company shares, Exchange Traded Funds (ETF's) and investment trusts.

How many different company shares does Fidelity FundsNetwork have available?

At the time of writing, there are 1,104 individual company shares, 276 ETF's and 180 investment trusts.

What charges apply when investing in shares?

  • If we take an instruction from you and place a deal on your behalf, there is a £3.00 charge. Please note that deals placed by ourselves will not be live traded. Instead, there are two dealing points in the day that Fidelity will execute trades at.
  • For deals you place yourself online there is a charge of £10.00. If you choose to invest online with Fidelity via our website, you will be given the option to deal live.
  • For deals as part of regular savings plans, phased instructions, regular withdrawal plans or automated income reinvestments there is a £1.50 charge.
  • For deals you place on the phone with Fidelity there is a charge of £30.00.
  • A stamp duty of 0.5% of the value of your trade applies to purchases of shares, ETF's and investment trusts.

In addition to dealing fees there is a Fidelity platform charge of 0.25% per annum and our service fee is 0.35% per annum.

Can I place shares into an ISA?

Yes, the vast majority of shares can be placed into an ISA, so you will receive the same tax benefits as you would when investing in managed funds also within an ISA. Please note that if you invest in an ISA with Fidelity FundsNetwork, any subsequent ISA contributions will have to be with Fidelity FundsNetwork for that tax year.

How do I keep up to date with how my shares are performing?

The quickest and easiest way is to log on to your Elson online account, where the prices will be updated daily. We will also send you our bi-annual valuation reports, however please note that fund monitoring is not available for shares, ETF's and investment trusts. This is because shares are not categorised into sectors. Therefore a like for like comparison cannot be made between them.

I would like to invest in shares/ETF's or investment trusts. What is the next step?

If you would like to invest online, please go to the following link:

https://elsonassociates.com/invest/fidelity.aspx

Alternatively if you would like to place deal over the phone or require further information, please contact us and we will be more than happy to help.

- uploaded - 12 November 2019

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Elson Associates does not offer advice as to the suitability of investments. If you are unsure whether an investment is suitable for you, you should obtain expert advice. Past performance of an investment is not necessarily a guide to its performance in the future. The value of investments or income from them may go down as well as up. You may not necessarily get back the amount you invested.

Elson Associates plc, 5 Queen Street, Kings Hill, West Malling, Kent, ME19 4DA | Freephone: 0800 0961111

Authorised and Regulated by the Financial Conduct Authority

Registered in England No. 3595128