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Platform/broker transfer cashback offers?
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masonic said:Albermarle said:Could also be just related to increasing/maintaining market share/AUM at the expense of profitability.
I net around 700-800 quid for these offers every time I transfer. I do not increase my trading (which is very infrequent anyway) and hold ETFs which allows me to cap my fees.
Why do they that? As said earlier, I presume it's to hit some targets in terms of market shares or AUM. Works fine for me.0 -
fire_in_progress said:
Why do they that? As said earlier, I presume it's to hit some targets in terms of market shares or AUM. Works fine for me.
It's very hard to run an offer that only appeals to profitable customers without reducing it's impact to those customers so they have to cast the net wide and they end up picking up us MSE pro-carpetbaggers who are part of their cost of attracting business.0
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