Please note: As with all investments, your capital is at risk. Hargreaves Lansdown’s services are designed for investors who are happy making their own investment decisions.
Hargreaves Lansdown is the UK’s largest investment platform for private investors, offering a broad range of investment tools and services, including ISAs, pensions, savings and investments, as well as a host of research and guidance tools to help you make informed investment decisions.
Its core mission is to build long-term client relationships by becoming a trusted partner and financial champion, ultimately helping you increase your financial security for the future.
If you choose to invest with Hargreaves Lansdown, you’ll gain access to thousands of shares listed on the US, UK, European and Canadian stock exchanges, funds, ETFs, corporate and government bonds, and investment trusts.
Here are the pros and cons of Hargreaves Lansdown:
Hargreaves Lansdown is one of the best investment platforms in the UK at the moment because of its comprehensive investment offering, wide range of accounts and easy-to-use mobile app and web platform.
Hargreaves Lansdown is also rated excellent on Trustpilot with 4.3 stars out of 5 from 6,205 reviews (at the time of writing).
With Hargreaves Lansdown, you can invest via a stocks and shares ISA, fund and share account, personal pension, lifetime ISA, cash ISA, junior ISA or active savings account. You can also take advantage of some specialist features such as financial advice, master portfolios and pension drawdown.
Here is a detailed breakdown of how Hargreaves Lansdown works:
Hargreaves Lansdown offers an Active Savings service, which saves you the hassle of searching around for the best savings rates and moving your money from one savings account to another to boost the interest you earn.
Typically, this would involve lots of form filling and lengthy application processes, but with Hargreaves Lansdown, you’ll have access to a broad range of savings products from a range of banks and building societies and can move your money with the click of a button.
Click here to find out more about Hargreaves Lansdown's Active Savings.
Hargreaves Lansdown’s Master Portfolios are ready-made baskets of investments designed to help kickstart your investment journey. They offer five example portfolios based on your aims and appetite for risk, but each portfolio can be fine-tuned to meet any specific goals you may have.
You can choose from a range of options, including Adventurous, Medium Risk, Conservative, Investing for Children or Investing for Income. Whilst each of the funds in the portfolios is professionally managed, it’s up to you to choose what portfolio best fits your needs. As usual, please remember that investments can fall as well as rise in value, so you could get back less than you put in.
Click here to learn more about Hargreaves Lansdown’s Master Portfolios, including charges.
Hargreaves Lansdown's Financial Advice service aims to help you gain confidence in your financial planning and investment decisions. You can make an initial advice query with an advisory help-desk consultant; then, you’ll be matched with an advisor best suited to your needs. They can help you with anything from meeting your goals and boosting your confidence to managing your income and expenditure after you retire. Please note that there is a fee for financial advice.
Hargreaves Lansdown’s pension drawdown provides you with a flexible way to access your pension from the age of 55 (57 from 2028). You can usually receive up to 25% of your pension tax-free and upfront and can choose to invest the rest. The process usually starts with your pension provider and allows for greater control over your retirement planning and investment returns. But with drawdown, your pension value and income are not secure, so it could fall or even run out.
Hargreaves Lansdown allows you to compare annuities in one place so that you can maximise your retirement income for the future. You can receive a free annuity quote and begin buying annuities at any time from the age of 55 (57 from 2028) using the money in your pension. It offers a simple way to swap your pension savings for an income guaranteed for life. Annuities can’t normally be changed once set up, so it’s important to choose the right option for your circumstances.
Here are some of Hargreaves Lansdown’s fees:
Other charges may apply - visit HL’s website for more information on the various charges.
To trade on Hargreaves Lansdown, you need to open a Fund and Share Account, which is similar to a general investment account with other platforms.
When you open a Fund and Share Account with Hargreaves Lansdown, you’ll get access to thousands of investment options, including UK and overseas shares, exchange-traded funds, investment trusts, bonds and more. You can also buy and sell shares through any other Hargreaves Lansdown account, such as an ISA or SIPP.
Opening an account takes just a few minutes and usually involves completing a short online form with your personal details. Once you have an account, trading is easy. Simply log in, select your shares, get live prices directly from the market and trade.
You can track your investments and create virtual portfolios with Hargreaves Lansdown’s free watchlist feature, available on both the website and mobile apps. Remember that investments can fall as well as rise in value, so you could get back less than you put in.
Click here to learn more about the Hargreaves Lansdown Fund and Share Account.
Yes, Hargreaves Lansdown is good for beginners. Hargreaves Lansdown’s wide range of investment services, financial advice and master portfolios means the platform is both beginner-friendly and suitable for the more advanced investor. There are several resources for beginners to read and refer to before making important investment decisions and a financial advice service is available to help you kickstart your investment journey and boost your confidence when managing your finances.
Hargreaves Lansdown is neither really expensive nor cheap. The cost of your investment depends on which accounts you open, the types of investments you purchase and the frequency of your trades.
It is worth bearing in mind that with Hargreaves Lansdown, you are charged fees per account instead of on the combined amount you invested across the platform.
For funds held in an ISA, SIPP or fund and share account, this fee is 0.45% for investments up to £250,000. Your fees, on a percentage basis, decrease as your investments increase, and there are no charges on the portion of investments exceeding £2 million.
For shares held in an ISA or SIPP, the charge is 0.45%, capped at £45 per year (for ISAs) and £200 per year (for SIPPs). It’s free to hold shares in the HL fund and share account.
Then visit Hargreaves Lansdown for more information on the various charges.
Yes, Hargreaves Lansdown is authorised and regulated by the Financial Conduct Authority (FCA). Have a look at its permissions on the FCA Register.
Yes, Hargreaves Lansdown is safe. As a Hargreaves Lansdown customer, Your deposits are protected by the Financial Services Compensation Scheme (FSCS), which means you can get your money back up to £85,000 per person if Hargreaves Lansdown goes bust. Keep in mind that the FSCS does not cover losses arising from the performance of any of your investments.
To open an account with Hargreaves Lansdown, click here.
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