Hargreaves secures 54bp funds for 'Wealth 150+' list as it unveils clean pricing

Hargreaves Lansdown's unbundled price structure will see it charge an annual fee of 0.45% for sub-£250k clients, with the firm having also negotiated an average AMC for new 'Wealth 150+' funds of just 0.54%.

As of 1 March, the new pricing model will see Hargreaves charge annual fees of 0.45% for investments of up to £250,000 on its Vantage service. That will fall to 0.25% pa for investments of between £250k-£1m, and 0.1% for investments over £1m. Investments over £2m will have no charge. There are no charges for fund switching or holding an account at any price level. Fund pricing In addition, the platform said its Wealth 150 funds will have an average AMC of 0.65%, an 11% discount to standard AMCs of 0.76% for those funds. A core of 27 'favourite' funds - know as the Wealth 150+...