Hargreaves Lansdown is offering 600 IFAs and stockbrokers six months' free subscription to Funds Library, its online index of mutual funds.
The online database, set for launch in the second quarter of 2004, has secured the support of 20 fund firms and covers over 410 retail funds.
HL is presently embarking on a full technological development of the 20 groups, and expects to secure support from many other UK fund managers. At present the library contains data from managers such as Artemis, Baring Asset Management, Cazenove, Fidelity, Gartmore, Investec, Jupiter, Liontrust, New Star, Schroders and Threadneedle to name a few.
Users can get access to up-to-date fund data sourced via a dedicated information pipeline directly from the fund management groups. To access the offer, advisers must log on to the funds library website.
HL has yet to formalise what the charging structure will be following the free period.