Hargreaves Lansdown

#2462

Rank

$5.14B

MarketCap GB

GB United Kingdom

Country

Summary
Hargreaves Lansdown plc provides investment services for individuals and corporates in the United Kingdom and Poland. The company offers stocks and shares individual savings accounts (ISAs), fund and share accounts, and junior and lifetime ISAs. It also provides pension services, including self-invested personal pensions (SIPP), junior SIPPs, annuities, and drawdown; share dealing services; and fund dealing services. In addition, the company offers investment accounts; cash savings; accounts for children; and foreign currency exchange, retirement, and financial advisory services. Hargreaves Lansdown plc was founded in 1981 and is headquartered in Bristol, the United Kingdom.

History

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%.In 2019 Hargreaves Lansdown suffered reputational damage when trading was suspended on 4 June 2019 in the Woodford Investment Management fund, which Hargreaves Lansdown had been promoting through its Wealth 50 list despite concerns about the fund's investment strategy and underperformance. On 5 October 2019, retired founder Peter Hargreaves, still the owner of 32% of Hargreaves Lansdown, was reported to say:

It’s annoyed the hell out of me that it would appear he has not been truthful with Hargreaves Lansdown. But it’s also annoyed me that they let it go on so long ... The clients have been stuffed in this horrible Woodford fund.


Mission
Our mission is to help our clients save and invest for their futures. We make complex investment simpler and provide easy to use, high quality services and products for our clients at a competitive price.

Vision
The vision for Hargreaves Lansdown is to be the most trusted and respected financial services provider, delivering exceptional value to our clients and stakeholders.

Key Team

Mr. Stephen Philip Lansdown C.P.A., CBE, CPA, F.C.A., FCA, FSI (Co-Founder)

Mr. Lee Gardhouse (Chief Investment Officer)

Mr. Mark Dampier (Head of Research)

Mr. James Found ACA (Head of Investor Relations & Group Financial Controller)

Mr. Rob Byett B.Sc.(Hons.) (Risk and Compliance Director)

Mr. David James (Chief Marketing & Brand Officer and Director of Marketing, Brand & Communications)

Mr. Chris Worle (Chief Digital Officer)


Recognition and Awards
Hargreaves Lansdown have been recognised for a number of awards, including Moneywise awards for 'Best Investment Platform' twice, in 2017 and 2018, and being voted 'Most Trusted Investment Provider' for the fourth year in a row by Moneywise.

References
Hargreaves Lansdown
Leadership team

Mr. Christopher F. Hill ACA (CEO & Exec. Director)

Ms. Amy Elizabeth Stirling (CFO & Exec. Director)

Mr. Peter K. Hargreaves (Co-Founder)

Products/ Services
Finance, Financial Services, Stock Exchanges
Number of Employees
1,000 - 20,000
Headquarters
Bristol, Bristol, City of, United Kingdom
Established
1981
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
HL.L
Social Media
Sat Mar 02 2024
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