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'''Hargreaves Lansdown plc''' ({{lse|HL.}}) is a financial service company based in [[Bristol]] |
'''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 250 Index]]. |
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==History== |
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On the 15th of May 2007 the company floated on the stock market with a £600m valuation - the group's two founders holding a full 80% of the company.<ref name="bbc20070121">{{cite news | publisher=BBC News | title=Asset manager 'plans £600m float' | url=http://news.bbc.co.uk/1/hi/business/6284715.stm | date=2007-01-27 | accessdate=}}</ref> The floated shares rose by 30% on the first day of trading, giving the company a valuation of over £1bn. |
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The Company was founded in 1981 by Peter Hargreaves and [[Stephen Lansdown]] and initially traded from a bedroom.<ref name="times20070225">{{cite news | publisher=The Sunday Times | title=£9m pay packet for investment chief | url=http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article1433795.ece | date=2007-02-25 | accessdate=}}</ref> |
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In May 2007 the Company was first listed on the [[London Stock Exchange]]. The Company's two founders continued to hold a 80% of the company.<ref name="bbc20070121">{{cite news | publisher=BBC News | title=Asset manager 'plans £600m float' | url=http://news.bbc.co.uk/1/hi/business/6284715.stm | date=2007-01-27 | accessdate=}}</ref> |
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==Operations== |
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Investors are responsible for their own investment decisions: the Company provides fund research and opinion.<ref>[http://www.h-l.co.uk/fund_research/fund_research.hl Hargreaves Lansdown Research]</ref> and lists a 'Wealth 150' listing which it claims to be the best funds. |
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==Vantage== |
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The company is popular for its discounts on fund products. The company typically rebates the initial charge (up to 5.5%) for investing in funds, which would normally go to the investor's [[financial advisor]] as payment for investment advice, and also typically rebates part of the [[trail commission]] (up to 0.5% annual trail paid out of an [[annual management charge]] of 1.5% on an [[active management|actively managed]] fund). As the company's model is a low-cost one, where investors are responsible for their own investment decisions, and do not pay or receive formal investment advice, it provides fund research and opinion on its website [http://www.h-l.co.uk/fund_research/fund_research.hl], and lists a 'Wealth 150' of what it says are the best funds. |
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==References== |
==References== |
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Revision as of 22:45, 13 September 2008
| File:Hargreaveslogo.PNG | |
| Company type | Public (LSE: HL.) |
|---|---|
| Industry | Financial services |
| Founded | 1981 |
| Headquarters | , |
Key people | Peter Hargreaves and Stephen Lansdown |
| Revenue | £120.3 million (2008) |
| £57.8 million (2008) | |
| £42.4 million (2008) | |
Number of employees | Circa 600 |
| Website | www.h-l.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 250 Index.
History
The Company was founded in 1981 by Peter Hargreaves and Stephen Lansdown and initially traded from a bedroom.[1]
In May 2007 the Company was first listed on the London Stock Exchange. The Company's two founders continued to hold a 80% of the company.[2]
Operations
The Company mainly operates under the Vantage brand. Available products under this brand include ISA, SIPP, PEP, and funds and share accounts.
Investors are responsible for their own investment decisions: the Company provides fund research and opinion.[3] and lists a 'Wealth 150' listing which it claims to be the best funds.
The Company also operates four multi-manager unit trusts each of which in turn own a share in a number of underlying funds.
References
- ^ "£9m pay packet for investment chief". The Sunday Times. 2007-02-25.
- ^ "Asset manager 'plans £600m float'". BBC News. 2007-01-27.
- ^ Hargreaves Lansdown Research