The firm says clients with portfolios of less than £1m will pay the same as they did before, while those with portfolios over £1m will pay less.
The HL Vantage Service has not been changed.
“This change will set the groundwork for us to simplify and reduce our advisory charges, develop our telephone based service and increase the use of technology to improve the efficiency of the advice process,” said spokesman Danny Cox.
“At the same time we want to ensure everyone who wants personal advice can have advice and are removing our minimum portfolio requirement.”
“In reality investors will see very little change in what we advise over,” Cox continued. “We shall continue to offer the same broad range of investment advice, including portfolio management, investment and pension advice, retirement planning and inheritance tax mitigation as we do now.”
