Hargreaves Lansdown

From Wikipedia, the free encyclopedia - View original article

Hargreaves Lansdown plc
Public (LSEHL.)
IndustryFinancial Services
Founded1981
HeadquartersOne College Square, Bristol, UK
Key people
Michael Evans (Chairman)
Ian Gorham (CEO)
Peter Hargreaves (former CEO)
Stephen Lansdown (former Chairman)
ProductsISA, SIPP, Annuities, Income Drawdown
Revenue£358.4 million (2014)[1]
£208.0 million (2014)[1]
£162.7 million (2014)[1]
Number of employees
circa 850
Websitewww.hl.co.uk
 
Jump to: navigation, search
Hargreaves Lansdown plc
Public (LSEHL.)
IndustryFinancial Services
Founded1981
HeadquartersOne College Square, Bristol, UK
Key people
Michael Evans (Chairman)
Ian Gorham (CEO)
Peter Hargreaves (former CEO)
Stephen Lansdown (former Chairman)
ProductsISA, SIPP, Annuities, Income Drawdown
Revenue£358.4 million (2014)[1]
£208.0 million (2014)[1]
£162.7 million (2014)[1]
Number of employees
circa 850
Websitewww.hl.co.uk

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.

History[edit]

The company was founded on 1 July 1981[2] by Peter Hargreaves and Stephen Lansdown who had initially traded from a bedroom.[3] Hargreaves Lansdown initially provided personal advice to clients on unit trusts and tax planning matters.[4] Now, the company has grown to be one of the largest in Bristol, located at One College Square, Harbourside.[5]

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.[6] 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%.[7]

Board of directors[edit]

The Board of Hargreaves Lansdown PLC is made up of the following members: Ian Gorham ACA - Chief Executive, Peter Hargreaves FCA - Executive Director, Tracey Taylor FCCA - Chief Financial Officer, Michael Evans - Non-executive Chairman, Chris Barling - Non-executive Director, Dharmash Mistry - Non-executive Director, Stephen Robertson - Non-executive Director, Shirley Garrood - Non-executive Director, Nigel Bence - Chief Operating Officer, Mark Dampier - Head of Research, Lee Gardhouse - Investment Director HL Fund Managers, Stuart Louden - Director Library Information Services Ltd, Ian Hunter - Investment Marketing Director, Nick Marson - Vantage & Broking Operations Director and David Davies - IT Director.

Operations[edit]

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.[8] The group also provides independent 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.[9]

Scale[edit]

As of 31 December 2014, the company had £49.1 billion of assets under management.[10] The company reported its Interim Results on 4 February 2015[11] - revenue, assets under administration and active client numbers all rose to new record levels. Highlights:[12]

Awards[edit]

In 2014, it was recognised for the following awards:

[13]

References[edit]

  1. ^ a b c Annual Results 2014
  2. ^ Public and Ceremonial Events Office. "Peter Hargreaves and Stephen Lansdown Doctor of Laws". University of Bristol 16 February 2012. Retrieved 2012-04-19. 
  3. ^ Ringshaw, Grant (25 February 2007). "£9m pay packet for investment chief". The Sunday Times (UK). Retrieved 4 May 2010. 
  4. ^ "About us". 
  5. ^ "Map & Reviews of Hargreaves Lansdown, Bristol". 
  6. ^ "Asset manager 'plans £600m float'". BBC News. 27 January 2007. 
  7. ^ Leroux, Marcus (16 April 2009). "Share sale puts £47m in the back of Bristol City's net". The Times (UK). Retrieved 16 April 2009. 
  8. ^ Hargreaves Lansdown multi-manager funds
  9. ^ HL Today
  10. ^ Hargreaves Lansdown Investor Relations Retrieved 2015-02-05
  11. ^ Hargreaves Lansdown Investor Relations Retrieved 2015-02-05
  12. ^ [http://www.hl.co.uk/__data/assets/pdf_file/0011/8961824/Interim-Results-2015.pdf Unaudited interim results for the 6 months ended 31 December 2014] Retrieved 2015-02-05
  13. ^ Hargreaves Lansdown - Our awards

External links[edit]