Hargreaves Lansdown is a significant UK trading platform with over 1.5 million clients and over £130bn in its investment portfolios. The company offers ready-made investment portfolios, guides, investment tools, and a new cash management service.
There are many things you might be wondering, such as, ‘Is Hargreaves Lansdown investment platform any good?’ What account option should you choose? Is Hargreaves Lansdown Vantage SIPP the best on the market?
In today’s article, we discuss Hargreaves Lansdown and its services to provide you with a piece of in-depth information, which can help you make an intelligent decision.
In this Hargreaves Lansdown review…
- Hargreaves Lansdown Summary
- Hargreaves Lansdown Pros and Cons
- Prices and Plans
- Share Dealing Charges
- Hargreaves Lansdown Review Summary
Hargreaves Lansdown Summary
Hargreaves Lansdown offers various products for people from all walks of life to help them invest in their future. Some accounts provide an easy to manage, tax-efficient way of holding funds and include a range of handy investment tools.
If you do not know much about investing, other solutions on offer can help you get in on the action. On the platform, you can even open a Hargreaves Lansdown Junior ISA, which can be used to save for your child’s future. It offers a tax-efficient saving space and is ring-fenced until they are 18 years old.
There are even property saving options where investors can take advantage of an annual contribution from the government. Generally, the bonus of 25% is attached to the Lifetime ISA, making it one of the more flexible options.
No matter how you look at it, Hargreaves Lansdown is a solid investment firm with many solutions for new and old investors.
Let’s keep learning more about what this fantastic company offers in terms of a viable investment model.
Hargreaves Lansdown Pros and Cons
Hargreaves Lansdown Features
There are a few products that Hargreaves Lansdown offers to people wanting to invest in various shares or stocks. The company makes it easy to get started, no matter how much funding or capital you have. It is time to learn more details about what products Hargreaves Lansdown offers to its clients.
Hargreaves Lansdown Stock and Shares ISA
This account comes with a large selection of assets and specialized investment tools to get involved in the markets. Most people enjoy using the Hargreaves Lansdown Shares and Vantage Stocks account because it is a great way to invest in many assets while enjoying tax-efficient benefits.
Hargreaves Lansdown Stock and Shares ISA have many ready-made portfolios for convenience. It also allows you to make your own investment decisions to maximize potential returns.
Hargreaves Lansdown Junior ISA
If you have children, you know how important it can be to save for their future, as it could help put them through college or as a deposit for their first house. The Junior Stocks and Shares ISA effectively protect your child’s future and only pays out once they turn 18 or any other age you specify.
What’s great about this account is that all savings are stored in a tax-efficient environment that is ring-fenced and protected. The Hargreaves Lansdown Junior was deemed one of the best investment tools because of its functionality and ease of use.
Hargreaves Lansdown Lifetime ISA
Individuals looking to save for their first property can take advantage of the Hargreaves Lansdown Lifetime ISA, as it allows them to gain a 25% bonus on contributions from the government. If you want to understand more about this particular investment account, the company has put together some easy-to-understand documents on its website.
Hargreaves Lansdown is one of the few companies that allow you to invest in stocks, shares, ETFs, CFDs, and save cash for the future. This account is excellent for someone who needs flexibility during the investment process.
Hargreaves Fund and Share Account
The Hargreaves Lansdown Fund and Share accounts are filled with many investment tools, live stock prices, and market news. It is a simple, low-cost way of investing in the stock market for financial gain or speculation.
A fund or stock dealing service can be acquired via the Hargreaves Lansdown SIPP and ISA, which are above other investment firms. Luckily, if you sign up with The Hargreaves Lansdown Share and Fund account, all transactions are done directly through this solution, making it easy to access.
This account is the general investment version which means that there are no platform fee charges by Hargreaves Lansdown. It provides a low-cost, flexible way to hold and manage an extensive range of financial instruments.
Hargreaves Lansdown SIPP
If you are close to retirement or looking to start preparing it, Hargreaves Lansdown offers a comprehensive service that can satisfy your requirements. The company helps you to understand your options and take control of your investments.
Hargreaves Lansdown Vantage SIPP allows investments in a vast range of securities including, ETFs, funds, plus stocks and shares, providing clients with total control over their retirement planning process. It is good to note that this account is an award-winning self-invested personal pension fund used by people worldwide.
Hargreaves Lansdown Active Savings
This account was launched in the summer of 2018 and is perfect for getting a better rate on savings. A fantastic thing about Hargreaves Lansdown is that it is the only platform that offers this kind of service to its clients.
Once you have signed up, you can choose the saving product that best suits your budget, and the account is opened automatically once your cash is deposited. This account works on a fixed-term deposit, and once it comes to an end (usually after a year), you can shift the funds to another account at the click of a button.
There are other services that Hargreaves Lansdown offers to help investors receive the required results from their portfolios. Let’s find out about the other things on offer at this prestigious company, which can satisfy your investment needs.
Hargreaves Lansdown Wealth Shortlist
This list selects funds that Hargreaves Lansdown considered to have the best potential within various sectors. New investors can use it to find stock or shares with possible upside potential for speculation.
Investors can search for a particular fund by the provider, fund by sector, unit type, fund type, and more through the Fund Finder.
These are supposed to be a starting point that Hargreaves Lansdown provides, but it is the responsibility of the client to allocate money to each fund. It is also their job to manage their portfolios accordingly, depending on their risk aversion.
There are five accounts to choose from: Investing for Income, Investing for Children, Conservative, Medium Risk, and Adventurous.
Six ready-made portfolios are on offer from Hargreaves Lansdown that help diversify risk through a broad range of assets. Each portfolio is rebalanced twice a year and is monitored regularly for any discrepancies. There is a minimum investment of £1,000, but you are going to be happy to know there is no additional cost to invest in a ready-made portfolio.
Foreign Currency Exchange
Over 40 currencies can be transferred using Hargreaves Lansdown’s foreign currency exchange service, either over the phone or online.
Spread Betting and CFDs
The company provides access to CFDs and Spread Betting through its partner IG. These products and services are designed for experienced or active investors who understand the risks of contract for differences.
Hargreaves Lansdown Pricing and Plans
Hargreaves Lansdown charges annually for its Lifetime ISA, Junior ISA, SIPP, and the traditional ISA accounts. Below is the annual charge for the amounts invested:
- £0 – £250,00 – 0.45%
- £250,000 to £1 million – 0.25%
- £1 million to £2 million – 0.10%
- Over £2 million – 0.00%
Hargreaves Share Dealing Charges
Any shares held in an ISA are capped at £45 per year, equating to 0.45%. Shares held in a general investment account typically have no charges regarding dealing fees; the number of deals closed in the previous calendar month determines the expense.
Between zero and nine deals work out to a cost of £11.95 per deal, but if you do between 10 and 19, the price drops significantly to £8.95. Then, the experienced investor who closes multiple deals per month and has completed over 20 transactions gets the dealing fee at only £5.95.
Hargreaves Lansdown Review Summary
Hargreaves Lansdown is the simplest way for new and old investors to get started on their investment journey. The mobile application is intuitively designed, and all accounts are easily accessed through the app or web browser. You can start with as little as £10, and you can invest as much as you want, depending on your funds, of course.
The company has helped people for over a decade invest in various asset classes. Choose Hargreaves Lansdown if you want to make the most of your investment, whether it be for retirement, a child college fund, or saving for a deposit on your first house.
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