Hargreaves cuts minimum investment level as it targets lower net-worth clients

clock

Hargreaves Lansdown is reducing the minimum investment required to open an account from £500 to £100 in a bid to entice low-value clients.

In a revamp of its Vantage platform, the firm is also waiving a number of other fees, including probate charges, corporate action charges and the fee for transferring between accounts on the platform. "All improvements make our clients better off - either financially, through access to a better service or both," said CEO Ian Gorham. "Many improvements have been made in response to client suggestions. The varied nature of the requests we receive means we cannot accommodate them all, however we do care greatly about all our clients, and listen carefully to their feedback, identify the m...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

Retail access to crypto ETFs to face Consumer Duty hurdles even if 'unlikely' UK approval granted

Retail access to crypto ETFs to face Consumer Duty hurdles even if 'unlikely' UK approval granted

Platform concerns over investor protections

Valeria Martinez
clock 17 January 2024 • 3 min read
FCA raises alarm on platforms' handling of customer cash interest

FCA raises alarm on platforms' handling of customer cash interest

Cracks down on ‘double dipping’

Sahar Nazir
clock 12 December 2023 • 1 min read
LTAFs elude retail investors as platforms shun Innovative Finance ISA

LTAFs elude retail investors as platforms shun Innovative Finance ISA

Following Autumn Statement plans

Cristian Angeloni
clock 07 December 2023 • 3 min read
Trustpilot