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Hargreaves Lansdown Review

as of 30/10/2019 at 11:39 am

Holly's View

Hargreaves Lansdown has been dragged backwards through the media hedge over the Woodford fund suspension. Although clear governance issues have been highlighted, on balance we think the reaction has been unfair. The platform continues to provide an excellent service to over a million customers and the funds on the Best Buy list have outperformed on average. Pricey. Very good. Temporarily wounded.

Our Rating

Recommended For

Confident Investor

In a nutshell

Excellent service

Established company

Too pricey for larger portfolios

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Your overall rating

Based on 386 reviews

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Junior ISA

Lifetime ISA

Investment Account

Pension

Investments available

Own brand funds

Funds from other groups

Stocks and shares

Investment help

Robo advice / ready-made portfolios

Help building a portfolio

Includes a shortlist of investments

Pick your own funds

Pick your own shares

The 'Geeky' Details

Provider details

The biggest and most established of them all, Hargreaves Lansdown looks after about £85bn of investors’ money. Providing a one-stop-shop for shares, funds, Junior ISAs, ISAs, pensions and (coming soon) cash, these guys know their stuff. The phone service is quick, staff are very well trained and it's just good. It can however baffle newer investors and feels a bit old-school and stuffy. If you need help look out for their "multi-manager funds" which are decent pre-packaged options, just pricey.

At 0.45% for admin, plus investment charges, expect to pay about 1.2% all-in. If you’re happy to pay for good service, it’s still fair value. Just not the cheapest. Having said that, lots of people in the finance industry use it as they know it just works. It's a bit like Ocado. Good website, prompt service, polished, tasty, convenient, pricey.

Important Facts & Figures

Provider Size:

The largest platform for investors, administering over £80bn.

Minimum amounts: £25 minimum monthly amount
£100 minimum initial amount for funds; no minimum for shares
12 month indicative performance:

A medium risk portfolio (Portfolio+) returned 10.8% in 2017, after charges.

Your Questions

"If I allow the transfer of my Baillie Gifford Scottish Mortgage Trust ISA, will it just go into a bigger Hargreaves Lansdown ISA pot? Meaning that when Hargreaves Lansdown as a whole falls, my investment is worth less?"

John, Lothian

12/07/2019

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"Hi there, my son has a savings plan with Witan Jump that is now being closed and transferred to Hargreaves Lansdown. However, Hargreaves Lansdown informs me that I cannot transfer all the money (£26,000) into a Junior ISA account, because it's more than the yearly ISA allowance. I am not sure what to do with the rest of the money (£6,000). I would like to keep it invested, but would appreciate some advice as to how I could invest it for my son, in order to get the best out of it. Kind Regards, Isabella"

Isabella, Kent

19/06/2019

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"My husband and I are in our mid-30s and are completely new to investing. We have over £100,000 split between our two cash ISAs. As we are intending on purchasing a house in the next 5 years, the majority of our savings will be used for a deposit. However, we would like to make a long term investment (minimum 10 years), so are intending on putting £10,000 each in a Stocks and Shares ISA, as well as an ongoing £500 each a month. We're happy with some risk i.e. 6-7/10. Whilst we know this might be a tad trickier, we're really keen on investing in ESG funds/companies only. As we'll have a Stocks and Shares ISA each, we're not sure how best to 'diversify' and whether that's even possible given we want to make ethical investments? Would it be better if one of us uses a robo-adviser and the other a traditional platform? For one to go for an active and the other a passive approach (although I'm not sure if there is an ethical index)? Should one go higher risk than the other? Any guidance would be appreciated, Emma"

Emma, Herefordshire

13/06/2019

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