as of 26/03/2020 at 9:52 am
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.
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.
"I have £16k to invest, and now seems like a good time to invest it. I have put £4k into a cash LISA already this tax year (2019/20) but nothing into general ISAs. If time is a probably I can put the £16k into cash now and move to S&S later. My feeling is that it won't be a bad thing to invest in an S&S ISA now but it may be a better idea to drip feed from cash into funds/stocks over the coming year in case the long term Covid-19 effect coupled with hard Brexit means the markets drop further. I have a small investment in Moneybox and whilst it would be easy to keep all my investments in one place, they are telling me that to transfer from cash to S&S on their platform takes weeks... Do you know of any S&S ISA platforms where I can pay cash in, but drip feed to S&S relatively quickly? I'm not looking to trade per se, so a platform that can move in days rather than weeks would be fine. Any additional commentary/opinion you can provide on that strategy would be gratefully received. Thanks!"
29/03/2020Read our reply
"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?"
12/07/2019Read our reply
"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"
19/06/2019Read our reply