Cheapest way to access DFA funds in the UK

For investors outside the US. Personal investments, personal finance, investing news and theory.
Sister forums: Canada, Spain (en español)
---------------
Post Reply
Topic Author
actuallyxy
Posts: 35
Joined: Wed May 24, 2017 6:25 am

Cheapest way to access DFA funds in the UK

Post by actuallyxy » Sun Aug 04, 2019 2:42 am

Dimensional funds can only be accessed via an adviser.

Most advisers in the UK like to work for an annual commission. I contacted one local to me with a good reputation who asked for 2% the first year and 1% every subsequent year.

Are there any advisers in the UK with access to Dimensional funds and reasonable fees? Maybe a fixed annual amount or hourly fees. I don't need any actual advice, just access to the funds.

Valuethinker
Posts: 39215
Joined: Fri May 11, 2007 11:07 am

Re: Cheapest way to access DFA funds in the UK

Post by Valuethinker » Sun Aug 04, 2019 6:13 am

actuallyxy wrote:
Sun Aug 04, 2019 2:42 am
Dimensional funds can only be accessed via an adviser.

Most advisers in the UK like to work for an annual commission. I contacted one local to me with a good reputation who asked for 2% the first year and 1% every subsequent year.

Are there any advisers in the UK with access to Dimensional funds and reasonable fees? Maybe a fixed annual amount or hourly fees. I don't need any actual advice, just access to the funds.
I did not succeed in finding one.

Topic Author
actuallyxy
Posts: 35
Joined: Wed May 24, 2017 6:25 am

Re: Cheapest way to access DFA funds in the UK

Post by actuallyxy » Sun Aug 04, 2019 6:31 am

I'll let you know if I find one then.

LongTermInvestor88
Posts: 63
Joined: Mon Dec 25, 2017 9:18 am

Re: Cheapest way to access DFA funds in the UK

Post by LongTermInvestor88 » Sun Aug 04, 2019 6:47 am

One way to access their funds is through use of the Cavendish online platform. I considered this myself but just a quick view of their fees didn't seem to clear. Also there is the issue with the security of your funds. Vanguard to me just seems to have decent systems in place and there is the peace of mind I seem to get from dealing with what I think is more established platform. If you delve into these and gather any more information on Cavendish or access to DFA funds would appreciate hearing it.

Topic Author
actuallyxy
Posts: 35
Joined: Wed May 24, 2017 6:25 am

Re: Cheapest way to access DFA funds in the UK

Post by actuallyxy » Sun Aug 04, 2019 7:11 am

I just looked at the Cavendish website and couldn't find any Dimensional funds. Maybe they don't have them any more.

LongTermInvestor88
Posts: 63
Joined: Mon Dec 25, 2017 9:18 am

Re: Cheapest way to access DFA funds in the UK

Post by LongTermInvestor88 » Sun Aug 04, 2019 8:59 am

actuallyxy wrote:
Sun Aug 04, 2019 7:11 am
I just looked at the Cavendish website and couldn't find any Dimensional funds. Maybe they don't have them any more.
https://www.cavendishonline.co.uk/funds

Just enter Dimensional for provider and a list of their funds will show

Topic Author
actuallyxy
Posts: 35
Joined: Wed May 24, 2017 6:25 am

Re: Cheapest way to access DFA funds in the UK

Post by actuallyxy » Sun Aug 04, 2019 9:57 am

I see. But all the funds appear as 'Restricted'. I already went through this with AJ Bell. You'll still need an adviser.

LongTermInvestor88
Posts: 63
Joined: Mon Dec 25, 2017 9:18 am

Re: Cheapest way to access DFA funds in the UK

Post by LongTermInvestor88 » Sun Aug 04, 2019 10:09 am

actuallyxy wrote:
Sun Aug 04, 2019 9:57 am
I see. But all the funds appear as 'Restricted'. I already went through this with AJ Bell. You'll still need an adviser.
God knows mate. Seems a bit strange that they are stating fees and that it's available within an ISA. Think best bet call them and let us know if you do

Topic Author
actuallyxy
Posts: 35
Joined: Wed May 24, 2017 6:25 am

Re: Cheapest way to access DFA funds in the UK

Post by actuallyxy » Mon Aug 05, 2019 5:48 am

I called Cavendish online. They said no.

So far the cheapest option I've found is a roboadvisor called destinationfp. Their most aggressive portfolio is:

22% Global equity (in Vanguard, Fidelity abd L&G funds)
33% Dimensional Global Targeted Value
18% Vanguard Emerging Markets
17% Dimensional Emerging Markets Targeted Value
9% Vanguard Global Bond Hedged to GBP
1% L&G Index Linked Gilts

Total fees are 1.05%:

0.40% Funds
0.15% Custody
0.50% Adviser

I'm not sure it's for me.

Anyway, I called Dimensional and asked them about low cost advisers. I will let you know if they come up with anything reasonable.

minimalistmarc
Posts: 517
Joined: Fri Jul 24, 2015 4:38 pm

Re: Cheapest way to access DFA funds in the UK

Post by minimalistmarc » Mon Aug 05, 2019 6:36 am

Why does Dimensional make it so hard to buy its funds? Glad I’m a vanguard fan

Topic Author
actuallyxy
Posts: 35
Joined: Wed May 24, 2017 6:25 am

Re: Cheapest way to access DFA funds in the UK

Post by actuallyxy » Mon Aug 05, 2019 3:05 pm

I spoke to Niche Independent Advisers on the phone today.

They are based in Newport and charge a fixed annual fee of £1,500/2,500/5,000 depending on the services needed, independently of portfolio size.

They do not offer Dimensional funds at the moment, but they were open to add them to their repertoire for me. They already spoke to Dimensional and started the process to be able to offer them.

I'm meeting them next week. I'll keep you updated.

Post Reply