Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Hargreaves Lansdown to unveil pricing in mid-January

1 Comment
Hargreaves Lansdown to unveil pricing in mid-January

Hargreaves Lansdown is to unveil its post-RDR pricing structure on Wednesday 15 January.

The move comes after the discount broker, led by Ian Gorham (pictured), delayed its retail distribution review pricing structure in early December. On 15 January the firm will unveil pricing on Vantage, alongside the pricing of its Wealth 150, how it will be reviewed, and the super low cost share classes that it will access. It will also unveil further details of which fund groups have made it onto the core list of 20-45 funds, selected from the Wealth 150 based on their potential for sustained future performance and ‘extremely competitive price’.

Hargreaves noted in its tender to fund management groups back in May that funds on the core list would receive ‘preferential, ongoing and intensive distribution across all our available media’. Features include email marketing, more likely inclusion in model portfolio, and a premium position on the Wealth 150 website. 

Hargreaves also pushed fund groups to offer it exclusive clean share classes in the tender and floated the idea of funds being marketed solely to its clients as part of its post retail distribution review (RDR) strategy. The UK’s largest direct to consumer platform said it did not expect better pricing to be offered to others in its market, given its distribution, viewing ‘better prices as the “new discount”’ in a commission-free world'.

In a request for proposal and information pack sent out to fund groups, seen by Wealth Manager, Hargreaves said it planned to only offer ‘substantial promotional coverage’ to funds that make it onto its New Wealth 150 and concentrated Core Funds list.

It is required to unveil its unbundled charging structure from 6 April 2014 when new platform rules come in.

Spokesperson Danny Cox said the firm was looking forward to 'letting people know the results of our endeavours over the last few months'.

It said in a statement in early December that the extra time would allow it to refine the Wealth 150 review and overall proposition so that we ensure we achieve the best results for our clients.

Hargeraves has said its unbundled pricing structure will be tiered, and brokers at Barclays have speculated over the levels at which they would be set.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Play Carmignac's Crowl: what QE could mean for Europe

Carmignac's Crowl: what QE could mean for Europe

The ECB is widely expected to finally fire its QE gun this week. Carmignac's Sandra Crowl discusses the implications for the eurozone.

Play Grexit worries, currency wars and a grizzly outlook for 2015?

Grexit worries, currency wars and a grizzly outlook for 2015?

The first Investment Pulse of the year looks at the potential impact of Greece leaving the euro, volatility in currency markets and the UK’s economic prospects.

Your Business: Cover Star Club

Profile: DIY investing is biggest threat to industry, says Whitechurch

Profile: DIY investing is biggest threat to industry, says Whitechurch

The industry is at risk of pushing potential investors down the DIY route unless it does more to make its services accessible says the Whitechurch Securities boss

Wealth Manager on Twitter