Hargreaves Lansdown Share Discussion Threads

[ochs] 24/1/2024 13:39

Agree with much of that, but is it a low cost base? Costs (especially staffing) have been going up every year for many years now.

[giltedge1] 24/1/2024 11:38

Positive upward move today & good news from AJ Bell, savings rates falling can see positive gains in equities/funds FUM in 2024. With low cost base & cash on balance sheet & 5.6% yield looks good level to buy £7.40, better than savings account + market leader.

[lomax99] 18/1/2024 23:51

K Ashworth-Lord, Buffetology manager:The manager speculates that other names in the portfolio could also be vulnerable on this front. "We have got Hargreaves Lansdown (HL.) which I think could be a takeover target to someone from the US," he says. "All we have seen in the last six years at HL is a deterioration of what was a very good business and lots of cost put in. Hargreaves to me at this price is a sitting duck." However, he praises the appoint- ment of non-executive Adrian Collins, who served as executive chairman at Liontrust among other things.

[lomax99] 18/1/2024 19:59

Nah, perhaps the Chronic pulls some weight - it is their investment idea of the week.

[yf23_1] 18/1/2024 19:07

Up on the back of AJ BELL trading update by the look of it.

[yf23_1] 18/1/2024 16:43

see - just need to break 768 now.

[yf23_1] 16/1/2024 17:18

Time for this downtrend to turn.

[stoopid] 18/12/2023 12:11

They wont because they smell mis-selling blood/compensation and juicy fees.But any liability will be limited by the return of funds from the winding down of Link and paying out of monies. I think investors are lucky to be getting anything back nevermind most of their investment.

[ochs] 17/12/2023 17:34

Latest on potential Woodford claim - RGL still not given up

[tim 3] 17/12/2023 10:49

Yeah just read that their charges for pensions seem sky high.

[tim 3] 16/12/2023 16:18

Seems probably the best option for investors.But should more action not be taken against and more details be revealed of why Link who were supposed to regulate him neglected in their duties if only to ensure it never happened again,seems like they got off lightly.

[ochs] 15/12/2023 13:25

Despite the outcome of the vote, the RGL Group, the only claimant investor group to also sue Hargreaves over the scandal, promptly urged all Woodford investors who invested via the platform to join its action group.

"Now that the scheme result appears likely, subject to any upheld substantive challenge at the sanction hearing, the RGL Group intends to press on with the claims against the FTSE-100 platform provider," it stated.

Strangely we'll be FTSE 250 from Monday, which is probably not helping the share price today.

[hunter154] 15/12/2023 11:42

Iomax, I thought it was a good outcome but the market just yawned.
This was a big overhang.
The shorts are still at 6%; was around 3% in October. Hopefully they unwind pre xmas.

[lomax99] 15/12/2023 10:05

The W fund scheme of arrangement was voted through.

[eigthwonder] 14/12/2023 13:45

HL are still in the foothills with regard to advisors IMO. But I like the execution side, which is where AJ Bell lag badly IMO. Swings and roundabouts.

[ochs] 14/12/2023 12:14

Yes @wynterwilde it sounds like an awful experience and exasperated by the long delays in sending you the correct forms. Not good enough for the premium service fees they charge.

[wynterwilde] 14/12/2023 11:47

Ochs

The platform itself is fine, but they are very poor at customer service.

In May they sent me the wrong forms to fill in for a UFPLS from my SIPP, then lost the correct forms.

This time when I applied for a UFPLS they omitted to send me the form and only after 15 days following acknowledgement of my application did they think to mention it!

Now I discover I've been locked out of my account............

[ochs] 14/12/2023 11:35

@eigthwonder, HL SIPP offers a very good Income Drawdown service if you want to carry on managing the investments yourself without an advisor. You'd get 25% tax free cash and then manage the rest as you do now. HL also offer an Annuity service which is non-advisory. If you want advice, HL have their own inhouse advisors - best option is give HL a call and chat through your options.

[miti 1000] 14/12/2023 06:46

tim3,

FWIW, I agree with you the ridiculous time out issue on HL. The problem is if you open an active savings account with them, the platform automatically stops you every 15 minutes without recourse to extending it. Pathetic .

[eigthwonder] 13/12/2023 23:08

Over a long period HL have proved very successful at accumulating assets from people contributing to SIPPs. I have got to the stage where I am actively thinking about when and how to access my SIPPs (I also have one at AJ Bell). Gleaning what I can from the internet it seems as though when it gets to the stage of crystalisation HL barely features as a recommended provider. A discussion with an adviser yielded the suggestion that I should put all my SIP money with AJ Bell if I want to tap into it.

[wynterwilde] 13/12/2023 15:25

What shocking customer service, no wonder the share price is where it is!

I applied for a UFPLS from my Sipp on 13th November and it took until the 21st to even acknowledge receiving it. Today I had a secure message asking for other forms to be filled in and posted back!

This is just sooo wrong.....with the old Post Office savings account we used to issue a 'Demand' when we wanted our cash, now it's as if we are applying for benefits!! We 'request' our own money back, and it's reluctantly handed over....or not.

[tim 3] 13/12/2023 10:40

Yes that profiles the typical STJ customer they don't look to closely at charges just at the income it provides.

Dad used them and I once asked their "partner" about the spread on one of their funds and he said I was the only customer who had ever asked him that question!

It reminds me of years ago when I worked in electrical sales and those buying on finance were only concerned about the monthly payment even though they were often paying double for the product!

Compared with STJ HL charges are tiny for most products as long as they are transparent which I think they are dont see what the issue is.