Type Public (LSE: HL.) Operating income | Industry Financial Services CEO Ian Gorham (Sep 2010–) Revenue 395.1 million GBP (2015) | |
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Founded 1981; 36 years ago (1981) Key people Michael Evans (Chairman)Chris Hill (CEO)Peter Hargreaves (former CEO)Stephen Lansdown (former Chairman) Products ISA, SIPP, Annuities, Income Drawdown Stock price HL (LON) 1,314.64 GBX +3.64 (+0.28%)16 Mar, 5:01 PM GMT - Disclaimer Profiles | ||
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.
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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%.
Operations
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.
As of 30 June 2015, the company had £55.2 billion of assets under management.