Hargreaves gets in on rebate trail act

Hargreaves Lansdown has joined the ranks of those offering investors a rebate on trail commission. ...

Hargreaves Lansdown has joined the ranks of those offering investors a rebate on trail commission. When discount brokers Chartwell and Commshare first offered a half rebate on trail commission, Peter Hargreaves, managing director at Hargreaves Lansdown, initially said both companies were reaping the rewards of other groups' direct mail campaigns. He said: "My biggest concern is that the industry continues to reward the same for unequal effort. A firm with huge resources and after-care services gets the same commission as a back street broker. This could result in the erosion of ...