All With 1 Fund Supermarket

[tali1]

I have 16 isa funds all with HLansdowne -is it wise to have all with 1 fund supermarket or should they be spread/split around ?

[dzug2]

There's no great problem with this - they never hold much of your money other than briefly pending (re)investment, so the compensation limits are irrelevant

Thing is to choose the right one - which will vary according to what you are trying to do

[tali1]

ah , okay so if they went bust -most of money would be with the actual fund managers and not HL?

[dzug2]

Yes that's what I'm saying.

[james412]

Correct. HL is just a broker - takes your money and passes it on to the fund managers at Jupiter/Fidelity etc. HL is the biggest fund supermarket and is unlikely to go bust as their service is excellent. Even if it did this would not affect you.