Hargreaves Lansdown charges.

dunstonh

hyposmurf wrote: »

When I use their site the wealth 150 shows the TER cost and then I click to the link of a particular fund and its the same charge.First State Asia Pacific Leaders is the same at 1.62%. Am missing something Dunstonh?

http://www.hl.co.uk/funds/wealth-150

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/f/first-state-asia-pacific-leaders-accumulation

They may show it on the 150 but on the individual fund page there is no mention of TER. It shows the AMC, a partial commission rebate and additional charges. It does not give the OCF as a separate figure.

cepheus

Fidelity announces new charging structure

http://www.telegraph.co.uk/finance/personalfinance/investing/funds/10589388/Fidelity-wades-into-investment-price-war.html

avfc1982

Hi All,

Currently assessing my options after HL released their new charges last week. I put up a post a while back about transitioning my active funds to passive trackers, I'm still set on doing this. I'm now considering the best way to do it and the increase in HL costs seems to be the opportune moment.

I have both an ISA & a SIPP with HL both currently invested in various active funds, ISA is £22K & SIPP is £25k with £500 monthly contributions.

I intend to leave the SIPP there for now as at the level it's at transferring to an alternative provider would not be that beneficial, I will look to consolidate all of these funds into either Vanguard Lifestratgy fund or equivalent portfolio of trackers. I'm considering ETF's but I think at my level of contributions the monthly investing dealing costs will become punitive. I've had a brief look on HL but couldn't find anything in relation to ETF purchase costs under their regular investment plan, are these reduced or are they the same as their standard price of £12.95 per trade?

Within my ISA I'm looking to roll-up my active funds into the Vanguard Lifestrategy 100% fund and switch it across to my Fool S&S ISA incurring pretty minimal fees on th HL side. I have a bit of cash in the account so will buy the VLS and sell funds of the same value at the same valuation points so I am not out of the market at any point. There is a 0.23% dilution levy on the purchases of the VLS fund so I'll lose a little bit here.

Fees on the Fool S&S ISA are £12.50 +VAT per 6 months so pretty low cost for now. Once I've got the VLS fund transfered across from HL I may then look to split it into a range of trackers in the future, alternitively I'll invest new money in these trackers and leave the VLS 100% as it is which is probabably the better option cost wise.

Does anyone see any holes in this less than cunning plan?!

atypical

grey_gym_sock wrote: »

HL have made it clear they have "super-clean" (which could be either cheaper fund classes than a standard clean class, or standard clean with some rebate) for some funds. we don't know for how many funds. or whether II will have the same "super-clean", or get it some time later.

HL have said they've secured discounts on around 70% of their Wealth 150 funds. There are 88 Wealth 150 funds, so around 62 funds will be discounted. The average discount across these is 0.11% meaning the average charge (assume AMC) will reduce from 0.76% to 0.65%.

But they have a higher average discount of 0.16% on 27 of the 62 funds (what they're going to call Wealth 150+). It reduces the average charge on these funds from 0.70% to 0.54%.

hyposmurf

dunstonh wrote: »

They may show it on the 150 but on the individual fund page there is no mention of TER. It shows the AMC, a partial commission rebate and additional charges. It does not give the OCF as a separate figure.

Thanks for clarifying that Dunstonh.

Linton

atypical wrote: »

HL have said they've secured discounts on around 70% of their Wealth 150 funds. There are 88 Wealth 150 funds, so around 62 funds will be discounted. The average discount across these is 0.11% meaning the average charge (assume AMC) will reduce from 0.76% to 0.65%.

But they have a higher average discount of 0.16% on 27 of the 62 funds (what they're going to call Wealth 150+). It reduces the average charge on these funds from 0.70% to 0.54%.

So that's reduced charges on 62 on 2500? funds available. I cant see that doing much for the average. Do we know that those funds/classes wont be available to other platforms?

peterg1965

I am so confused by all the changes across the different providers, I haven't got a clue what to do. Maybe just me, but I think I preferred the previous charging and pricing regime.

With £117k in a HL SIPP, £13k in shares in an HL ISA and £16K in shares and funds in an HL fund account, I really don't know what to do for the best.

sorcerer

Well I think I'm going to move my ISA to II, just trying to get an answer from HL about what exit fees I have to pay. I will probably have to sell at least 3 or 4 funds because I can't see them on II, but for saving about £400 a year I can live with that.

cepheus

Interactive refused the confirm the net costs, claiming 'there are too many variables'. Well I gave them the funds and the amount, what more do they need?

These companies continue to be evasive in my opinion which is against the principle of transparency which was the whole point of this unwrapping.

foofi22

cepheus wrote: »

Interactive refused the confirm the net costs, claiming 'there are too many variables'. Well I gave them the funds and the amount, what more do they need?

These companies continue to be evasive in my opinion which is against the principle of transparency which was the whole point of this unwrapping.

What exactly did you want to find out?

They would need to know how often you deal and in what, but in any case they probably wouldn't want to say it will 'cost you £x per year' because there are too many variables, and saying something like that may sound like a guarantee which could cause problems.

All the costs are on the website, can't you come to a ballpark figure yourself?