A Valuable Discount on Your Investments (Hargreaves Lansdown)

Member Name: nimrodimc

Product:	Hargreaves Lansdown
Date:	18/12/00 (798 review reads)
Rating:

Advantages: Cheaper than direct dealing, Lots of useful free information

Disadvantages: Occasional administrative errors (but better than most large financial organisations)

Most popular investments such as ISAs, Unit Trusts and Investment Bonds suffer from an initial charge when you make your investment which is typically around 5%. You can reduce this charge considerably by using a discount broker, such as Hargreaves Lansdown and so reduce the initial charge by around 3% to 4%.

I have dealt with Hargreaves Lansdown now for about 3 years,dealing in PEPs, ISAs, Pension Funds and Investment Bonds and have always managed to get a good discount with them. Their administration is generally quite efficient. They are not faultless but usually "on the ball" and they have a very good customer helpline which can help sort things out if they do go wrong.

You can check out their range of services through their website: (www.hargreaveslansdown.co.uk). The site gives a lot of valuable information about a wide range of investments and comments about investment fund managers to help you decide on where best to put your money. You can also use it to track the value of your current funds.

In summary, they provide a very useful service and charge you less for making your investments through them than you would pay if you dealt directly with the investment provider.

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