Hargreaves Lansdown Share Discussion Threads

[marksp2011] 20/1/2014 20:22

I have been waiting to see how RDR pans out It seems they also want to be paid £10+vat. everytime they need to ask a question so every rights issue, C shares or whatever will cost £10 + vat I subscribe to Morningstar. It was interesting looking at the Wealth 150 funds on HL and then looking at mstar. Obviously some differences of views. It now appears you can pay to get in to the wealth 150 in that you need to be cutting HL a good deal. Not sure who gets the wealth out of the wealth 150 :) I am using III. They charge £20/quarter (offset against any dealing you do) and they rebate all the commission for funds

[joe say] 20/1/2014 17:27

But equally they may see it as an opportunity (even loss-leader) to capture discontent HL customers

[hoggetwood] 20/1/2014 16:08

It's possible that other outfits will see H-L's policy for holders of ITs and non-IT shares as a really clever move, and will copy it.

[rogerbridge] 20/1/2014 08:42

I have been with HL for years but I am now looking to see where the best place is for my holdings. We have to remember all providers are there to make money from us and HL certainly do that.

[joe say] 20/1/2014 07:30

Have to say am pretty disappointed with the IT charging structure and whilst generally pleased with HL will certainly now be looking at all the alternatives (once they're settled) If cheaper then HL may well lose all my business - shame really

[peterbill] 20/1/2014 07:28

hTTp://www.sharesoc.org/pr53hargreaveslansdown.html Hargreaves Lansdown doubles charges for some investors

[marksp2011] 18/1/2014 02:26

This is a bit of fun and fits in well with lower pricing for RDR Investmnent trusts aren't funds they are stocks so we will charge you the higher charges for trading stocks because customers hold them like funds they will also attract the charges for holding funds

[marksp2011] 18/1/2014 02:22

Investment trusts Why do you have a separate charge for investment trusts? We have always made charges for holding investment trusts. On 1 March this charge will fall slightly (from 0.5% to 0.45%) and become subject to a separate cap to the cap that applies to other shares you might hold. A fee will also apply to investment trusts held in the Fund & Share Account for the first time. We are introducing this fee because although investment trusts are traded on the stock market like shares, investors tend to hold them and treat them like funds. Our charging reflects this. The charges to buy and sell investment trusts reflect the costs of dealing on the stock market which are higher than those for funds. Shortly we will be launching more information and research on investment trusts to help investors with their decisions. How do I identify what is an investment trust and what is a share? A list of investment trusts is provided on our website.

[hoggetwood] 17/1/2014 17:37

Bombadil: thank you for this link. So H-L are clobbering those with SIPPs who hold both non-IT shares and ITs - in large enough amounts for the cappings to be relevant. No double jeopardy, though, if you hold just ITs, or just non-IT shares. Curious. Probably they've worked out that most IT holders do also hold non-IT shares, so will have to pay more - a sneaky way of hammering more sophisticated investors who know the advantages of ITs over UTs ("funds")! Such investors will know that, technically, ITs are simply shares and that there is no cost basis whatsoever for H-L distinguishing them from non-IT shares. They will therefore see the double jeopardy as deliberately punishing those who are wise enough to reject UTs in favour of ITs. I note, though, that the double jeopardy doesn't seem to apply to their ISA. So I'm alright, Jack.

[bombadil79] 17/1/2014 12:37

Price decline may be as a result of this: http://www.sharesoc.org/pr53hargreaveslansdown.htmlLawson spells out how the changes may result in some customers paying double.However, I think it's unfair to overlook some of the other things introduced, such as the regular savings service. This will allow investors to buy as little as £50 worth of FTSE 350 for £1.50. This will hopefully attract customers who previously had to choose interactive investor or share plc for this kind of facility.

[hoggetwood] 15/1/2014 17:16

Thanks for your views. I think what they've done is a good compromise, but I can see why some people would see this (enforced) leap into the unknown as a good opportunity to take profits after a stonking run in the last few months. And today's share price drop wasn't exactly catastrophic. Next few days will be interesting.[Holder since launch]

[mintpenguin] 15/1/2014 14:24

Think they have done OK with the fee roll out......but not going to be the cheapest out there. If they had announced ultra low prices then city would have seen through that and growth to maintain profits might have been too steep. Pleasing shareholders and non shareholding clients is never easy. They have played it safe....and it looks ok to me. share price drop was expected. It had gone very well. Some consolidation to find its new range is just normal.

[hoggetwood] 15/1/2014 10:54

Does the share price reaction to the new pricing structure mean that people think hl have pitched the price of their services too low (short-term loss of profitability) or too high (potential loss of clients)? Or - worst case - that under the new transparency rules they'd stand to lose both profitability and client share however they pitched their prices?

[hoggetwood] 27/12/2013 17:13

The more bitter the posters' comments on this board, the more the share price rises. Discuss.

[davydoo] 02/12/2013 12:25

HL pricing going to be subject to a lot more competitive scrutiny in future. hxxp://www.investmentweek.co.uk/investment-week/news/2310183/hargreaves-to-announce-waitrose-style-premium-pricing-structure

[hoggetwood] 29/11/2013 15:20

Yup, that's it. Certainly the case for the rise and rise of HL.,but maybe not all there is to laws of nature?

[miata] 29/11/2013 14:54

In other words, just because something is observed to happen over and over again, only means that it probably will happen again the next time, but this is not proof that it will for certain.

[hoggetwood] 29/11/2013 09:09

And still it goes up, but, as Bertrand Russell said.. The man who has fed the chicken every day throughout its life at last wrings its neck instead, showing that more refined views as to the uniformity of nature would have been useful to the chicken.

[tenapen] 24/10/2013 18:41

I wish i had bought HL 8-) rather than top up my go no-where JIM Hae ho

[arja] 23/10/2013 15:50

still ploughs remorselessly on and chart is NOR situation. How long is a piece of string ?

[cyfalafwr] 23/10/2013 08:55

rustle2 Thanks.HL looks strong again today but an accumulated profit of 35% yesterday was too good to let go and with a divi just paid recently ,saw something in Sunday papers that last week's rise was due to record amounts of funds held .To be honest I expected the share price to go down after the 11th Oct RMG fiasco ,oh well must get a new crystal ball for Xmas.Best regards.

[rustle2] 23/10/2013 08:31

I also sold half my holding yesterday as I thought it looked over-bought looking at RSI, but then again the dips are never that massive with this share. Hoping to buy back in below 1100. Still quite likely I'd have been better holding and ignoring these blips as overall I'm a long term holder here. Good Luck all in your own decisions.

[cyfalafwr] 22/10/2013 16:26

Sold and put some of the money in BAE as it goes XD tomorrow.One good thing about being in a self select shares ISA you can buy and sell and be your own fund manager.LOL

[jsbach123] 22/10/2013 15:45

I don't think that HL fiasco in not providing trading services all day on 11th October is likely to be a disastrous 'Ratner' moment but I am sure that they will be punished by some customers for their incompetence in not providing a service, and arrogance in their public statements brushing their failings aside following - I for one have begun to unravel my business from them (and intend to remove it completely) and transfer it elsewhere; I have also described my experience of them and my opinion of them to my friends and financial advisers and will continue to recommend that none of them touches HL with the proverbial 'bargepole'.