|Public limited company|
|Traded as||LSE: HL.|
FTSE 100 Component
|Headquarters||One College Square, |
|Deanna Oppenheimer (Non-Executive Chair)|
Chris Hill (CEO)
|Products||ISA, SIPP, Annuities, Income Drawdown|
|Revenue||£385.7 million (2017)|
|£261.1 million (2017)|
|£212.0 million (2017)|
Number of employees
|circa 1,185 (2018)|
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.
The company was founded on 1 July 1981 by Peter Hargreaves and Stephen Lansdown who had initially traded from a bedroom. Hargreaves Lansdown initially provided information to clients on unit trusts and tax planning matters. Now, the company has grown to be one of the largest in Bristol, located at One College Square, Harbourside.
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. 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%.
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. The group also provides 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.
In the first quarter of 2018 Hargreaves Lansdown net revenue rose by 16% and assets under administration rose 3% over the previous quarter, despite the uncertain market environment.
Hargreaves Lansdown is UK's largest direct to investor investment platform. In winter 2018 it administered £91.6 billion of investments for over 1,090,000 clients.
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