Hargreaves Lansdown revealed “good start to our financial year” but the shares have dropped to their lowest in the last three months.
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I truly cannot understand why HL wouldn’t eliminate or at least drop their fees and face their competitors head-on. Share dealing revenue has been declining as there loosing market share in that space and refuse to do nothing -ridiculous
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I agree with this completely. US brokers where swift and cut costs for the user immediately - I think out of embarrassment more than anything - the UK just seems to be steadfast in ripping off the customer.
Because they don’t need to. Their mutual fund platform is their bread and butter.
Looks like the market disagrees. And their financials. And their CEO now.
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