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Hargreaves Landsdown's 500% increase in charges

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  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 16 January 2014 at 10:49PM
    Glen_Clark wrote: »
    I don't understand why he is going through a middleman (Hargreaves Lansdown). With £100k or over he could go direct to Vanguard for their VLS fund and pay nothing.

    ....apart from an awful lot of CGT, potentially. Vanguard themselves don't offer ISA or SIPP wrappers.

    Oh, and of course, the Vanguard AMCs - at between 0.29% and 0.33%.

    Also, not sure you can transfer existing fund holdings to Vanguard, and if so, at what cost - but it is probably an academic question.
  • jimjames
    jimjames Posts: 18,690 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    HL are removing negative comments on their facebook page almost as quickly as as anyone posts them ..... I think they might just be getting the message

    I had a look for their FB and the only one I could see had 115 likes. Surely that isn't their main company one with over 500,000 customers?
    Remember the saying: if it looks too good to be true it almost certainly is.
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