Hargreaves Lansdown could be set to charge lower-end clients around 70bps when it publishes its new clean fee structure, expected this week.
The retail financial services industry is expecting to see a proliferation of share classes, a price war, and customer confusion as a result of the decision to ban rebates, new research has claimed.
Hargreaves Lansdown chief executive Ian Gorham has sold 715,000 shares in the FTSE 100-listed company for a total of over £8.4m.
Macro data was at the forefront of investors' minds this week, after a surprise drop in UK inflation sent the pound lower.
Hargreaves Lansdown will not be carrying out bulk switches of client money from bundled to clean or super clean share classes, Investment Week can reveal.
Hargreaves Lansdown has begun the process of telling groups if their tenders for inclusion in its ‘core' Wealth list have been successful, and is understood to have secured prices of around 50bps for equity funds and less for fixed income funds.
Investors should not mistake 'preferentially-priced' share classes for the true cost of buying a fund, according to Threadneedle chief executive Campbell Fleming.
UBS Exchange Traded Funds has listed 14 ETFs on five UK platforms in a move to make its products more accessible to IFAs and retail investors, following a recent fee cut.
A planned deal which would create one of the largest asset managers in Europe grabbed our readers' attention this week.
Hargreaves Lansdown's head of research Mark Dampier has sold a portion of his stake in the platform giant for more than £620,000.