Davy Select changes/increases annual fee structure

Discussion in 'Investments' started by rob oyle, 7 Dec 2018.

  1. rob oyle

    rob oyle Frequent Poster

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    551
    Last edited: 8 Dec 2018
    Davy Select are changing their pricing structure from the start of 2019.

    At the moment, all customers pay €20+VAT a quarter. From January, a maintenance fee of €50 will be charged for every quarter in which transaction fees do not hit €50. This will hit small shareholdings or any relatively inactive users.

    This means a fee chargeable in any quarter in which the equivalent of c.€10,000 of shares are not bought and sold.

    Time to shop around for any Davy Select users and see if it's still the most suitable platform for them.
     
    Last edited: 8 Dec 2018
  2. SBarrett

    SBarrett Frequent Poster

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    Goodbody increased their fee to €100 plus VAT
     
  3. aristotle

    aristotle Frequent Poster

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    756
    Just to clarify that is €100 + VAT per year.
     
  4. SBarrett

    SBarrett Frequent Poster

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    Yep, not a quarter
     
  5. ddldub

    ddldub New Member

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    I have shares with Davy and don't trade at all. I am just holding them long term and will be hit with a considerable increase. Is there a cheaper option or should I just ask them to issue a share cert and hold them myself?

    I am currently paying 50-60 per year (can't remember the exact amount).
     
  6. Aislingob

    Aislingob New Member

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    8
    Degiro or withdrawal to certificate stock. However, to sell the latter, you'll need a broker willing to transact certificate stock. Some large companies may offer a nominee account through the registrar.