Overhauled pricing model will see majority of D2C platform's clients paying 0.45% annual fee.
Hargreaves Lansdown last week revealed its unbundled price structure, drawing criticism from several of its industry rivals. The new model will see it charge an annual fee of 0.45% for sub-£250k clients, while it also negotiated an average AMC for new ‘Wealth 150+’ funds of 0.54%. The new pricing structure will come into force for new investments on 1 March, with the majority of the D2C platform’s clients set to pay the 0.45% charge, according to Hargreaves. In addition, the platform said its Wealth 150 funds will have an average AMC of 0.65%, an 11bps discount to standard AMCs of ...
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