Forums

Tradefair & Financials

Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
nobbybarnesranoverthewrongtrip
11 Aug 11 14:32
Joined:
Date Joined: 24 Jul 06
| Topic/replies: 1,355 | Blogger: nobbybarnesranoverthewrongtrip's blog
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?
Pause Switch to Standard View is it true that hargreaves lansdown...
Show More
Loading...
Report madasahatter August 11, 2011 4:03 PM BST
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.
Report MichaelKnight August 12, 2011 11:45 PM BST
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
Report d13phe August 13, 2011 8:37 AM BST
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
Report nobbybarnesranoverthewrongtrip August 15, 2011 6:51 PM BST
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?
Post Your Reply
<CTRL+Enter> to submit
Please login to post a reply.

Wonder

Instance ID: 13539
www.betfair.com