Hargreave Hale offers CFD service on SIPP

CFDs are generally associated with execution only online investments, as used by ‘day traders’, but the new service will allow them to be more widely used by IFA clients. The service allows advisers to offer clients CFDs on an advisory basis, with fees split between Hargreave Hale and the IFA. Hargreave Hale says all clients are interviewed to assess suitability and to ensure they fully understand the risks. “IFAs have clients that are attracted to the potential of CFDs but in many cases cannot offer them a means to use them that adds value,” Hargreave Hale director Adam Caplan says. Ou...