Is H-L really the best choice for fund investing?

Jake'sGran

A bit late from me too; just wanted to say that I like HL and have been with them a long time so I would not think of changing even if I could get a bit more refund of their commission each year. I once wrote asking why a particular fund had a Gold Star as I thought it was poor, way down the league table of similar funds. The person who replied went to a lot of trouble to explain their attitude to it. If I occasionally ask them a daft question I always get a prompt and very polite response.

The one gripe I have is about the sheer volume of correspondence they send. But, I was pleased to see that a list of their favoured funds contained mostly the ones I have invested in, and I don't pay for advice.

blinko

gents is it really worth it for 0.5% addittional income that s £5 for every £1000

i would thikn you need at least !£100,000 to make it worth you time (£500)

oldfella

thats 0.5% every year tax free

RobertR

I think its worth mentioning that H-L's Vantage portfolio also offers a loyalty bonus. Although personally I've not exactly amassed a fortune, I do think it is a nice additional extra.

Hargreaves Lansdown receives annual renewal commission from most fund managers. We share this renewal commission with our Vantage clients in the form of an annual saving, which we call the Loyalty Bonus. The Loyalty Bonus is credited to a separate Loyalty Bonus Account within your Vantage portfolio.

http://www.h-l.co.uk/investment-services/vantage-service/transferring-your-existing-investments/loyalty-bonus-calculator

LongTermLurker

Jake'sGran wrote: »

The one gripe I have is about the sheer volume of correspondence they send. But, I was pleased to see that a list of their favoured funds contained mostly the ones I have invested in, and I don't pay for advice.

I don't get lots of correspondence - I get Investment times & SIPP times when the come out and very occasional emails if they review a fund I'm invested in - I hate unsolicited mail with a vengeance, but don't find them a problem.

Are you opted in to something you needn't be?

LongTermLurker

RobertR wrote: »

I think its worth mentioning that H-L's Vantage portfolio also offers a loyalty bonus. Although personally I've not exactly amassed a fortune, I do think it is a nice additional extra.

http://www.h-l.co.uk/investment-services/vantage-service/transferring-your-existing-investments/loyalty-bonus-calculator

Mine's been quite reasonable, and far better than the "£100 over 5 years" that they suggest - and no, ny account's far from large.

Jake'sGran

LongTermLurker wrote: »

I don't get lots of correspondence - I get Investment times & SIPP times when the come out and very occasional emails if they review a fund I'm invested in - I hate unsolicited mail with a vengeance, but don't find them a problem.

Are you opted in to something you needn't be?

No, I have not opted into something. I get a lot of mail about finance in general probably because I have accounts with Fidelity etc and another broker who handles my single company PEP from wayback. I also get a lot of unsolicited telephone calls. As I do not use advice from HL their envelopes always seem to be hanging around waiting to be read.

LongTermLurker

As I do not use advice from HL their envelopes always seem to be hanging around waiting to be read.

That's strange, I probably only get on piece of mail every couple of months (IT or ST), apart from contract notes of course, but they're only as regular as my trades. I get no junk mail at all from HL. They always send the application forms with IT, which go straight in the recycling bin, but I guess they have to include them for their less active/knowledgable customers.

Jake'sGran

I received a letter from them today offering to pay me £250 if I would switch investments I hold elsewhere into their Vantage account. Don't know how they know about these other funds etc but they obviously do. I only have three days to decide!

dunstonh

Jake'sGran wrote: »

I received a letter from them today offering to pay me £250 if I would switch investments I hold elsewhere into their Vantage account. Don't know how they know about these other funds etc but they obviously do. I only have three days to decide!

Lucky guess probably.