3. February 2020
Starting today, 1 February, clients of LHV Pank are able to perform Baltic share transactions without a service charge. As before, the holding of Baltic securities also remains free for all LHV clients.
‘Within the context of pension reform discussions, investing has become an everyday topic in Estonia. This means that now is the best time to bring new people to investing’, said Martin Mets, Head of Retail Investment Services at LHV. Transaction fees will be eliminated on purchase and sale transactions for Baltic shares, for private clients as well as businesses.
‘It is easiest to begin investing in shares with the securities of familiar companies, for example, purchasing shares of LHV, Tallinna Kaubamaja or Merko Ehitus. That is why we decided, together with the largest brokerage firm on the Baltic stock exchanges, to take the step of being the only ones to offer clients in the Baltics free share transactions as well as unlimited free holding of securities. In doing so, we are hoping to increase the number of investors among the population of Estonia, and to visibly stimulate life on the Tallinn Stock Exchange’, added Mets.
In addition to management fees, the loss of transaction fees also allows investors to invest smaller amounts in Baltic shares. ‘Clients are able to invest in Baltic shares in increments as low as one euro without the fear that transaction fees will have an impact on their investment. To mitigate their risks, investors can now buy Baltic shares for as little as 10 € each week, which was previously unreasonable due to the transaction fees. Consistent and long term investing is the best strategy for an investor who is not looking to trade each day on the stock exchanges’, Mets noted.
LHV has made it very easy for you to begin investing; with LHV's mobile app, you can conveniently open an account, sign the required investment services contract and also complete your first stock transaction with Baltic shares, all within 5 minutes and without any service fees. In addition to Baltic shares, it is possible to begin investing with small amounts in broad-based index funds with the aid of the Growth Account, to which the function of automatic micro-investing via card payments can also be added.
As a central player in the investor community, LHV is responsible for sharing financial wisdom and educating investors. LHV has already been offering investment seminars to interested parties for 20 years, organizes the annual stock market game “Stock Shark”, and manages the Financial Portal forum, which is popular among investors.
LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. LHV employs over 430 people. LHV’s banking services are used by nearly 202,000 clients, and pension funds managed by LHV have nearly 177,000 active clients.All news