Bestinvest v Hargreaves Lansdown
28 Feb, 2017
Bestinvest or Hargreaves Lansdown?
Which provider is best for you? We’ve done the research and crunched the numbers to help you figure out who’s the right home for your money.
Why are we comparing Bestinvest and Hargreaves Lansdown?
Perhaps you’re interested about opening an ISA or setting up an SIPP with these providers but don't know which one to choose? Well, first of all, it's worth mentioning that Hargreaves Lansdown has won multiple Boing Money Best Buy awards, which recognises providers for overall excellence in the ISAs and pensions scene.
While Bestinvest didn't quite make it into our winners list, it does offer free financial coaching for its customers, which distinguishes it from every other platform in the UK.
If you're torn between the two, here's a quick head-to-comparison of Bestinvest and Hargreaves Lansdown.
Bestinvest V Hargreaves Lansdown - an overview
The biggest and most established of them all, Hargreaves Lansdown looks after over £100bn of investors’ money. Providing a one-stop-shop for shares, funds, Junior ISAs, ISAs, pensions and cash, these guys know their stuff.
Bestinvest is a decent online investment platform which has recently revamped its pricing and the breadth of its offering.
Pick from a wide range of investments
Pick from a wide range of investments
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Funds: 0.45% (for the first £250,000)
Shares: 0.45% (max £45 per year)
Funds and Shares: 0.40% (for the first £250k)
Funds: free
Shares: £11.95 (for trading less than 9*units)
* deals in previous month
Funds: N/A
Shares: £4.95
1% (for the first 5k)
N/A
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Who are Bestinvest?
A mid-sized platform, owned by Evelyn Partners, a well-established provider
The only platform to offer free financial coaching for its users
A good choice for all-round investing
Who are Hargreaves Lansdown?
The UK's biggest investment platform, headquartered in Bristol.
Manages over £100bn in investors’ money.
Another good all-rounder, offering a full suite of investment products.
Bestinvest V Hargreaves Lansdown – trading charges
Bestinvest has the edge when it comes to overall trading fees. You pay £4.95 for trading in shares, ETFs and Investment Trusts ,compared to £11.95 to trade shares with Hargreaves. But Hargreaves offers free fund trading, so this will clearly be a much cheaper option if you're not interested in trading shares. Hargreaves' share-dealing fees are also reduced if you trade more than 9 units in the previous month.
Bestinvest V Hargreaves Lansdown – platform charges
At first glance, there really isn't much of a difference between the platform costs of Bestinvest or Hargreaves Lansdown. The former is 0.45% for shares and funds, up to a value of £250k, while Hargreaves is 0.4% for the first £250k (for funds, shares, ETFs and Investment Trusts).
Bestinvest Vs Hargreaves Lansdown – minimum £ required
Bestinvest Vs Hargreaves Lansdown – which is best for saving for a mortgage or retirement?
Bestinvest V Hargreaves Lansdown – which is best for parents?
Bestnivest Hargreaves Lansdown - which is best for smaller investments?
Bestinvest v Hargreaves Lansdown - which is best if you have more money to invest?
Bestinvest v Hargreaves Lansdown - which is best for foreign exchange?
Want to compare other providers? Check out our comparison tables.
