Hargreaves Lansdown has unveiled its long-awaited clean pricing model - but how does its tiered pricing structure rank against other direct-to-consumer offerings?
Earlier today the platform giant revealed a tiered charging structure with four main levels, each free of switching costs: 45bps for clients with fund investments under £250k; 25bps for investments of £250k to £1m; 10bps for £1m to £2m; No charge for investments above £2m. These charges work on a cumulative basis: an investor with £500k in assets, for example, will pay 0.45% on the first £250k and 0.25% on the next £250k. Comparisons Investment Week, Professional Adviser's sister title, has compiled a list of the biggest players in the execution-only market, sorted by t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
