as of 18/06/2021 at 10:45 am
The biggest and most established of them all, Hargreaves Lansdown looks after over £100bn of investors’ money. Providing a one-stop-shop for shares and funds, as well as access to a wide variety of global markets, 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.
Well suited to those who want to take control of their LISA and have the freedom to invest in shares, funds and investment trusts. Fund trades are free, which is a welcome bonus, especially for those looking to frequently contribute little bits into different funds.
The largest platform for investors, administering over £100bn. Listed on the FTSE 100.
|Minimum amounts:||£25 minimum monthly amount
£100 minimum initial amount for funds; no minimum for shares
"I currently have my children's Stocks & Shares ISA's with H&L however I am not that savvy with investing so I am thinking of moving it over to Wealth Simple and allowing them to do it for me. Would you recommend this or are there other roboadvisors you would suggest? I am happy to leave the money in long term until they are about 18 so looking at an 'ambitious' risk. I also have the same account with H&L and will potentially swap also."
12/10/2020Read our reply
"Good day, If I were to invest with A J Bell or Hargreaves Lansdown in a self select Stocks & Shares ISA and they were to 'go bust', what would happen to my investment? Thanks."
David, County Down
28/07/2020Read our reply
"I'm a newbie investor looking for a SIPP. I see AJ Bell have low fees compared to Hargreaves Lansdown. Is it worth the lower fees even though there are exit charges, or pay the higher Hargreaves Lansdown charges, but have no exit fees?"
20/04/2020Read our reply