Hargreaves Lansdown
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| Type | Public (LSE: HL.) |
|---|---|
| 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 | £159.0 million (2010)[1] |
| Operating income | £85.4 million (2010)[1] |
| Net income | £61.3 million (2010)[1] |
| Employees | circa 650 |
| Website | www.hl.co.uk |
Hargreaves Lansdown plc (LSE: HL.) 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.
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[edit] History
The company was founded in 1981 by Peter Hargreaves and Stephen Lansdown who initially traded from a bedroom.[2]
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.[3] 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%.[4]
[edit] Operations
The company mainly operates under the Vantage brand. Available products under this brand include ISA, SIPP, PEP, and funds and share accounts.
The company also operates four multi-manager unit trusts each of which in turn own a share in a number of underlying funds.[5]
[edit] References
- ^ a b c Annual Report 2010
- ^ Ringshaw, Grant (25 February 2007). "£9m pay packet for investment chief". The Sunday Times (UK). http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article1433795.ece. Retrieved 4 May 2010.
- ^ "Asset manager 'plans £600m float'". BBC News. 27 January 2007. http://news.bbc.co.uk/1/hi/business/6284715.stm.
- ^ Leroux, Marcus (16 April 2009). "Share sale puts £47m in the back of Bristol City's net". The Times (UK). http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article6115739.ece. Retrieved 16 April 2009.
- ^ Hargreaves Lansdown multi-manager funds
