RaboDirect to InvestNow

[peat]

no, I dont know them either but I have heard of them.
It doesnt make much difference to me who 'portals' the investments, but I am personally miffed at having to lose the spread to maintain my positions.

I've sent an email to Rabo and investnow highlighting this unnecessary clipping of the ticket so as to make them realise that many investors in the funds will reconsider - given their ticket is getting clipped anyway - and so investnow may not even end up with what they (have presumably) paid for.

This was always a good extra to RaboDirects offerings and I would see divesting it as a negative

[Banksie]

It doesnt make much difference to me who 'portals' the investments, but I am personally miffed at having to lose the spread to maintain my positions.

I believe there won't be a cost if you allow the transfer to go through on 31 March 2018. You only lose the spread if you transition early. (They have not laid out the details as clearly as they should have.)

[peat]

yes that would appear correct Banksie, I've received a response from Investnow correcting my understanding and aligning with yours.

I'll probably exit the equity funds anyway, I've been doing that gradually for a while now so this will just hurry it along.
Time to cash in on these , they've done well since I started buying in 2011 and 2012.