We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Hargreaves Lansdown fiasco

245

Comments

  • dunstonh
    dunstonh Posts: 120,175 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is HL reliable as a broker anymore??

    Extremely reliable.

    Remember that their DIY platform is not an adviser. It gives no advice or opinion. You make your own decisions.

    How they construct and present their "marketing 150 or 50 or whatever number they want it to be" list is open to criticism. However, their platform does exactly what they say it will do.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • aroominyork
    aroominyork Posts: 3,519 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Although I have now switched to Interactive Investor for cost reasons, there's no doubt that - cost aside - HL is the dog's wotsits. One functionality others don't offer is being able to switch funds on the same day rather than placing separate buy and sell orders and being out of the market for a day; you can do that for up to 90% of the value of the holding you are selling.
  • Linton
    Linton Posts: 18,344 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    aroominyork wrote: »
    Although I have now switched to Interactive Investor for cost reasons, there's no doubt that - cost aside - HL is the dog's wotsits. One functionality others don't offer is being able to switch funds on the same day rather than placing separate buy and sell orders and being out of the market for a day; you can do that for up to 90% of the value of the holding you are selling.


    FYI: Fidelity and BestInvest also provide a fund switching option. They both allow 100% of the sale proceeds to be used for the purchase.
  • dunstonh
    dunstonh Posts: 120,175 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Linton wrote: »
    FYI: Fidelity and BestInvest also provide a fund switching option. They both allow 100% of the sale proceeds to be used for the purchase.

    Most of the platforms do. A few budget ones do not.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • aroominyork
    aroominyork Posts: 3,519 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 11 June 2019 at 8:36PM
    dunstonh wrote: »
    Most of the platforms do. A few budget ones do not.
    Then classify ii as budget since they do not offer switching.
  • Linton
    Linton Posts: 18,344 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    AJ Bell does not support switching either.
  • jaybeetoo
    jaybeetoo Posts: 1,392 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    aroominyork wrote: »
    Although I have now switched to Interactive Investor for cost reasons, there's no doubt that - cost aside - HL is the dog's wotsits. One functionality others don't offer is being able to switch funds on the same day rather than placing separate buy and sell orders and being out of the market for a day; you can do that for up to 90% of the value of the holding you are selling.

    Alliance Trust Savings offer this facility.
  • gary83
    gary83 Posts: 906 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Linton wrote: »
    FYI: Fidelity and BestInvest also provide a fund switching option. They both allow 100% of the sale proceeds to be used for the purchase.

    Fidelity do it, but they don't do it quickly from my experience you'd be out of the market for a few days at best.

    Same as most people I'm using H&L for a LISA and holding other investments accessing fidelity through cavendish, H&Ls website & app is much slicker and transactions seem to go through much faster, I guess it's a good example of getting what you pay for
  • docboy
    docboy Posts: 3 Newbie
    Sorry my friend, but this is what I came across, and you too can find articles if you Google this following.

    HL's Dampier and Gardhouse cashed in shares weeks before Woodford crisis
  • docboy
    docboy Posts: 3 Newbie
    ColdIron wrote: »
    Check your facts. Mark Dampier of Hargreaves Lansdown sold his shares in Hargreaves Lansdown. I have not seen it reported that he had any investments in Woodford at all

    Sorry my friend, but this is what I came across, and you too can find articles if you Google this following.

    'HL's Dampier and Gardhouse cashed in shares weeks before Woodford crisis'
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture