Tradefair & Financials
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11 Aug 11
14:32
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24 Jul 06
i admit i am a novice when it comes to most things financial but i was led to believe that investing in funds through H/L was a cost effective way of doing so now someone has told me a conflicting story. whats the truth?
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An article here:
http://www.thisismoney.co.uk/money/investing/article-1726411/Hargreaves-Lansdown-resists-revealing-fund-manager-commission.html I don't know what level of commissions Hargreaves get, but I suspect they would query the words 'huge' and 'kickbacks'. They offer a service, for which they need to be paid, which either has to be by a fee from the buyer or commission from the seller, or a mixture of both. If you know what fund you want then there are many 'supermarket' sites that will allow you to shop around. |
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This is truly huge business for them (35% of their total revenue last year).
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8677936/Hargreaves-Lansdown-shares-fall-on-FSA-payment-rule-change.html |
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Low cost fund supermarkets will have to declare how much they receive from the fund groups from 2013 onwards
going to be mildly amusing when the know it all diy investor crowd realise that investing this way is quite expensive |
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like an idiot i invested 20k in funds with h/l because they waived the initial charge. so in future if i wish to invest in a fund how should i go about it?
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