Hargreaves Lansdown

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Hargreaves Lansdown plc
Type Public (LSEHL.)
Industry Financial services
Founded 1981
Headquarters Bristol, UK
Key people Michael Evans (Chairman)
Ian Gorham (CEO)
Peter Hargreaves (former CEO)
Stephen Lansdown (former Chairman)
Revenue £292.4 million (2013)[1]
Operating income £192.5 million (2013)[1]
Net income £149.0 million (2013)[1]
Employees circa 650
Website www.hl.co.uk

Hargreaves Lansdown plc is a financial service company based in Bristol that sells funds and shares and related products via its website and through the post to retail investors in the United Kingdom. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History[edit]

The company was founded on 1 July 1981[2] by Peter Hargreaves and Stephen Lansdown who had initially traded from a bedroom.[3]

The company was first listed on the London Stock Exchange in May 2007, with the company's two founders then holding combined stakes equivalent to 80% in the business.[4] In April 2009, Lansdown sold a stake of 4.7% for a sum of £47.2million to put towards the cost of building Bristol City FC's new football stadium, reducing his stake to 22.9%.[5]

Operations[edit]

Vantage is the in-house investment platform which enables investors to hold different types of investments together in one place with one valuation and dealing service. Available products under the Vantage brand include ISA, SIPP, and a Fund & Share dealing account. The company also operates four multi-manager unit trusts each of which in turn own a share in a number of underlying funds.[6] The group also provides independent financial advisory, stockbroking and annuity broking services to private investors and advice to companies on group pension schemes. The company also offers a Currency Service enabling investors to access exchange rates and send money abroad.[7]

Scale[edit]

As of 31 December 2013, the company had £43.4 billion of assets under management.[8]

Awards[edit]

In 2014, it has been recognised for the following awards:

  • Best Financial Services Mobile Strategy/Campaign - MOMA Awards
  • Best Direct Platform - The Platforum
  • Best Service - The Platforum
  • Gold Trusted Merchant (based on client feedback) - Feefo
  • Estate Planning Adviser of the Year, Danny Cox, Hargreaves Lansdown - Unbiased.co.uk Media Awards 2014
  • Pension Adviser of the Year - Corporate Adviser Awards 2014
  • Best Use of Technology by a Corporate Adviser Highly Commended - Corporate Adviser Awards 2014
  • Innovation of the Year, Professional Pensions - UK Pension Awards 2014
  • Which? Recommended Provider 2014 - Fund Supermarkets

[9]

References[edit]

  1. ^ a b c Annual Results 2013
  2. ^ Public and Ceremonial Events Office. "Peter Hargreaves and Stephen Lansdown Doctor of Laws". University of Bristol 16 February 2012. Retrieved 2012-04-19. 
  3. ^ Ringshaw, Grant (25 February 2007). "£9m pay packet for investment chief". The Sunday Times (UK). Retrieved 4 May 2010. 
  4. ^ "Asset manager 'plans £600m float'". BBC News. 27 January 2007. 
  5. ^ Leroux, Marcus (16 April 2009). "Share sale puts £47m in the back of Bristol City's net". The Times (UK). Retrieved 16 April 2009. 
  6. ^ Hargreaves Lansdown multi-manager funds
  7. ^ HL Today
  8. ^ About Hargreaves Lansdown Retrieved 2014-05-15
  9. ^ Hargreaves Lansdown - Our awards

External links[edit]