Online broker question

dunker1

Any of you knowledgeable guys know if any of the online brokers can discount the annual management charges on funds ?
I know that HL can offer full discounts on initial charges, obviously im looking to keep the TER as low as possible on all current investments, thanks for any help in advance.

dunstonh

HL are generally the cheapest on ISAs and unwrapped (although not on pensions).

dunker1

Thanks Dunston, not really what i was getting at though.
Just want to know which brokers can discount the initial charge but also ive heard that some can take approx 0.5% off the annual management charges, would like to know who these are.

dunstonh

Just want to know which brokers can discount the initial charge

Every IFA out there can if they want. Some do it as part of their business model. Some do it upon request (execution only cases). Some wont bother.

ive heard that some can take approx 0.5% off the annual management charges, would like to know who these are.

I doubt anyone takes 0.5% off unless you are paying other fees as 0.5% is the typical maximum fund based trail (some funds pay none, others pay 0.15% or 0.35%).

Like the above answer, it is possible for any IFA to do this but whether they will is up to them and their business model. HL do it on many of their funds with ISAs and unwrapped (not pension). There are a couple of other IFAs but HL seem to offer the best at present.