What is Alliance Trust Savings?
Alliance Trust Savings is owned by Alliance Trust, an investment trust. Formed in 1986 to provide investors with a route to investing in the Trust, it has grown into an investment platform that also offers a full stockbroking service.
Is Alliance Trust Savings any good?
Which? members can exclusively read the the results of our unique customer satisfaction survey, which reveals how customers rate Alliance Trust Savings fund supermarket for seven different elements of its service.
|Aspect of service||Star rating|
|Online tools and guidance|
|Information about investments|
|Clarity of charges|
|Value for money|
What are Alliance Trust Savings' charges?
- Fixed fees per account, starting with £120 per year (£10 per month) for a stocks and shares Isa or dealing account, which includes cost of four online trades
- £9.99 per trade online for shares and investment trusts
- £9.99 per trade online for unit trust and open-ended investment company funds
- £1.50 per trade for monthly regular investments, and £5 for dividend reinvestment trades
Who is Alliance Trust Savings good for?
Alliance Trust Savings offers an attractive service for those with larger portfolios who invest solely in funds and trade infrequently.
Who is Alliance Trust Savings expensive for?
Those with smaller pots are likely to pay quite a bit over the odds with Alliance Trust Savings. For example, a £10,000 stocks and shares Isa is likely to be cheaper, with brokers charging a percentage based fee.
Dealing commission, at £9.99, is a little on the steep side, although it does offer a discount if you are a client for more than five years.
Read our comparison of investment platform charges to see how much investing with Alliance Trust Savings costs for a range of portfolios.
And if you're thinking of using Alliance Trust Savings to take an income from your pension in a drawdown plan, read our comparison of pension drawdown charges.
Alliance Trust's customer views
'I have had accounts with Alliance Trust Savings for 24 years and have never had any difficulties. [Previously] the fees were very reasonable - now they are fair for large accounts only'
'Very good online service and always good when I ring them up with a question or a request for action'
'Transparent fee structure - no percentage charge of total value which punishes investment success'
'They have made quite a lot of administrative mistakes and need to be monitored'
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