Hargreaves Lansdown is one of the UK’s largest investment supermarkets for private investors. In business for more than 30 years, they manage more than £61.7 billion from 836,000 clients. Hargreaves Lansdown is a secure, FTSE 100 company. Based in Bristol, they employ over 950 people and continue to maintain a 100% UK presence.
Hargreaves Lansdown Services
The broker offers access to the markets through a range of low-cost, easy-to-manage SIPP, ISA, Lifetime ISA and Stocks & Shares services, all managed from the same Vantage account. The account offers investors the chance to trade over the web, or through a mobile via their smartphone app. If you would prefer to trade over the telephone, their UK based team are on hand to take your call. The Vantage Service is designed for investors who are comfortable making their own investment decisions, without financial advice. If you are unsure of the suitability of an investment for your circumstances, you can speak to Hargreaves Landown’s Advisory Team.
If you are not sure which account would be best suited for your needs, you can check out their account summaries or answer a few short questions to receive some suggestions here.
Low cost with a wide investment choice
There’s no charge to buy or sell funds but you’ll pay an ongoing charge for holding it. Online share dealing costs £11.95 per deal, or £5.95 per deal if 20 or more deals were placed in the previous month. There’s a wide range of investment choices – you can invest in over 2,500 funds, shares listed on the UK, US, Canadian and European stock exchanges, corporate and government bonds, ETFs and Investment Trusts.
Choosing and looking after your investments
If the choice of investments is daunting, Hargreaves Lansdown provide services that can help you create your portfolio with the help of some of their online tools – enabling you to build your investments to suit your risk appetite. Bear in mind that your investments can go up and down, and you can get back less than you invested.
Their Wealth 150 funds provide a selection of their favourite actively managed and tracker funds available to UK investors. The Master Portfolio and Portfolio+ services will help you to build your investment portfolio through a range of ready-made selections. Their research team offer free research and comment on a broad range of different funds to help stimulate trading ideas and help you to make better investment decisions.
Bear in mind that investments can fall as well as rise in value so you could get back less than you invest. If you are unsure about the suitability of an investment for your circumstances, you should seek advice.
Transferring existing investments
You’ll need to open a Vantage account for the service you wish to use. You can transfer your existing SIPP. ISA or Funds & Shares from your existing provider using Hargreaves Lansdown’s online transfer service. There’s a postal option too, if you prefer.
As long as your existing provider is compliant – the process will take around 10 days. The best bit? They will do all the administrative work so you won’t have to.