Is Hargreaves Lansdown a good broker? (2024)

Is Hargreaves Lansdown a good broker?

Hargreaves Lansdown's web and mobile trading platforms are well-designed and user-friendly, and its educational tools are well-structured and high-quality. It is a good choice for beginner investors. On the negative side, trading fees are high for stocks and ETFs.

What are the negatives of Hargreaves Lansdown?

Hargreaves Lansdown (HL) aims to offer a premium service, with extensive research, customer support and choice of investments. However, this comes at a price, as HL charges one of the higher platform and trading fees among the mainstream providers.

Can Hargreaves Lansdown be trusted?

We're authorised by the Financial Conduct Authority (FCA) as an electronic money institution but we're not a bank. This means that in different scenarios your money is protected in different ways.

How safe is my money with Hargreaves Lansdown?

All client money is held by us on trust and is segregated from our own funds in accordance with the FCA's client money rules and guidance so that any creditors of Hargreaves Lansdown would have no legal right to it and we cannot use any of this money to cover Hargreaves Lansdown's obligations.

Which is better Vanguard or Hargreaves Lansdown?

While Vanguard is the cheaper option, HL offers a wider service and may be worth the higher fees for some investors who want more guidance and investment choices. It depends on your preferences and philosophy towards active and passive investing.

What if Hargreaves Lansdown goes bust?

Investors are likely to be covered by the provisions of the Financial Services Compensation Scheme (FSCS), if Hargreaves Lansdown ceases trading. It can award up to £85,000 in compensation to any one investor where they decide that an investment business is in default and is unable to satisfy any claims against it.

Who is better than Hargreaves Lansdown?

If you're looking for a similar platform to Hargreaves Lansdown, but cheaper, check our AJ Bell¹ – it's pretty great. If you're just interested in buying investment funds (ETFs), then InvestEngine¹ is for you – it's completely fee free, with a good range of funds.

Are Hargreaves Lansdown fees too high?

Hargreaves Lansdown is more expensive than its main competitors. Platforum, a research consultancy, scores the platform at just one out of five for pricing.

Why do people use Hargreaves Lansdown?

We make it easy for people to save and invest for a better future. Our purpose is simple. We make it easy for people to save and invest for a better future. We support over 1.8m clients in building their financial resilience and achieving their financial goals.

How long does it take to get money out of Hargreaves Lansdown?

Withdrawals requested in the afternoon or on non-working days will arrive in your bank account the next working day. You can only withdraw available cash from your account. If you need to sell investments first, funds usually take 4 working days to settle in your account, and shares usually 2 working days.

Why won t Hargreaves Lansdown let me withdraw money?

Any money you've raised from selling investments must have 'settled' in your account before you can withdraw it. Fund trade timings are dependent on when the manager places the trade. Please bear this in mind when you come to withdraw money. It could delay you if there isn't enough settled money in your chosen account.

Which bank does Hargreaves Lansdown use?

How much commission does Hargreaves Lansdown take?

Charges are calculated in bands: £0 to £250,000 - 0.45% £250,000 to £1m - 0.25% £1m to £2m - 0.1%

Do Hargreaves Lansdown charge fees?

Charges are calculated in bands: 0.25% each year on the first £1m of funds, 0.1% each year on the value of funds between £1m and £2m, and no charge on the value of funds over £2m.

How many people use Hargreaves Lansdown?

Today we are trusted with more than £120 billion by over 1.7 million clients. We are a secure, FTSE-listed company, headquartered in Bristol, and employing over 2,000 people.

Should I invest with Charles Schwab or Vanguard?

For mutual funds, Vanguard is significantly cheaper, while options traders would save money with Charles Schwab. Mutual fund investors should keep in mind that these costs apply only to some funds. Both brokers offer a long list of mutual funds that can be traded with no transaction fee.

What happens if Vanguard collapses?

The securities that underlie the funds are held by a custodian, not by Vanguard. Vanguard is paid by the funds to provide administration and other services. If Vanguard ever did go bankrupt, the funds would not be affected and would simply hire another firm to provide these services.

What happens to stocks if broker goes bust?

In case the records of the failed brokerage firm are found to be accurate, provision is made to transfer the customer accounts to another brokerage firm by SIPC and the trustee.

Is Hargreaves Lansdown a good company to invest with?

HL is a well-established firm with a good reputation which presents itself well and has a professional feel. You can speak to them on the phone, and you get someone who speaks clearly, and very simply. Nothing is a problem. I always get the answers I need.

Who is Hargreaves Lansdown owned by?

25% of shares in the company were made available to institutions, employees and existing clients. No new money was raised as part of the offer. 75% of the company continued to be owned by Peter Hargreaves, Stephen Lansdown, other directors and staff.

Who is the best rated investment firm?

Is Hargreaves Lansdown execution only?

We place investment instructions for you on an execution only basis.

Who is suing Hargreaves Lansdown?

Claims firm RGL Management has called on investors in the former Woodford Equity Income fund (WEIF) to join its legal action against Hargreaves Lansdown.

Is Hargreaves Lansdown being sued?

Hargreaves Lansdown Plc faces a £100 million ($113 million) lawsuit from thousands of investors who suffered losses from the collapse of fallen stock picker Neil Woodford's equity income fund.

What is the average account size for Hargreaves Lansdown?

Hargreaves Lansdown's is the UK's largest retail investor platform with approximately £143.7 billion of the savings across 1.8 million clients under administration across accounts with an average account size of around £80k.