AJ Bell vs Hargreaves Lansdown - which is better?
| AJ Bell | Hargreaves Lansdown | |
| Services | AJ Bell funds
Ready-made portfolios Favourite funds list Investing guides, videos and podcast Dodl investing app (coming soon) |
Invest in funds and shares
Wealth Shortlist Ready-made portfolios Foreign currency exchange Spread betting and CFDs |
| Products | Cash savings
ISA, GIA, LISA, SIPP, JISA, Junior SIPP Dealing account Platinum SIPP Platinum SSAS |
Active Savings
Cash ISA Fund and share account ISA, General Investment Account, Lifetime ISA, Junior ISA, SIPP, Junior SIPP Ready-made personal pension Ready-made Stocks and Shares ISA |
| Minimum investment | £1 (or £25 per month) | £1 for a fund and share account
£100 for an ISA or SIPP (or a regular £25 per month) |
| Platform Fees | £0-£250,000 - 0.25%
£250,000-£1m - 0.10% £1m-£2m - 0.05% Over £2m - 0% Additional underlying fund charges Investments in shares, investment trusts and ETFs - 0.25% (capped at £42 per year) Buying and selling investments: Funds - £1.50 per deal Shares - £5.00 per deal Shares (10 or more deals in previous month) - £3.50 per deal |
Up to £250,000 - 0.45% per annum charge
Between £250,000-£1m - 0.25% per annum charge Between £1m-£2m - 0.10% per annum charge Over £2m - 0% per annum charge Additional underlying fund charges Reduced fee of 0.25% for Lifetime ISA (capped at £45 per year) No charge for Junior ISAs No charges for holding shares Dealing charges (based on deals completed in previous month): 0-9 deals - £11.95 10-19 deals - £8.95 20+ deals - £5.95 |
| Customer reviews (Trustpilot) | 4.8/5.0 | 4.2/5.0 |
AJ Bell vs Hargreaves Lansdown - services
Both AJ Bell and Hargreaves Lansdown have their own ranges of in-house funds, as well as model portfolios and ready-made portfolios, which are useful for beginners. In addition, they have a range of guides, which help explain the fundamentals and, again, are good for those who are new to investing and need some extra support. In terms of what's on offer for more advanced customers, Hargreaves Lansdown also offers spread betting and CFDs, which are far riskier but are growing in popularity, particularly with younger investors.
AJ Bell launched its investment app Dodl* in 2022 with the aim of broadening its audience via a low-cost and easy-to-use app for investors. Click to read our full independent review of Dodl.
AJ Bell vs Hargreaves Lansdown - products
In terms of the products each platform offers, they are broadly the same, with savings accounts, dealing accounts that allow you to trade in shares, as well as ISAs, GIAs, LISAs, JISAs, SIPPs and Junior SIPPs. In addition, AJ Bell also offers premium versions of its SIPP, as well as a SSAS, which are more sophisticated versions of their main products, allowing for different investments and management.
AJ Bell vs Hargreaves Lansdown - minimum investment
While both AJ Bell and Hargreaves Lansdown have the option of opening an account with just £1 (or a £25 minimum for a regular monthly investment) if you want to set up an ISA or SIPP with Hargreaves Lansdown, you will need a minimum initial investment of £100 (or £25 per month).
AJ Bell vs Hargreaves Lansdown - fees
As with all investment platforms, there are different fees attached to different aspects of both AJ Bell and Hargreaves Lansdown's propositions. The main charge is the platform fee, for which AJ Bell is cheaper than its rival. However, Hargreaves Lansdown doesn't charge for holding shares, unlike AJ Bell, although its charge is capped at £42 per year. The other key difference is that, while both have dealing charges for shares, AJ Bell also charges £1.50 for each fund switch, which should be factored in if you think you are likely to make a lot of changes to your portfolio. It is also worth noting there will be a fund charge for the underlying holdings with each platform.
AJ Bell vs Hargreaves Lansdown - customer reviews
Both AJ Bell* and Hargreaves Lansdown* are well received by their customers, with review site Trustpilot showing them scoring 4.8 and 4.2 out of 5 stars, respectively. Of AJ Bell's 6,700+ reviews, 81% rated it "Excellent", with its customer service particularly praised. Hargreaves Lansdown, meanwhile, was rated "Great" by 60% of its 11,500+ reviewers, again based largely on its customer service and the tools and services it offers.
Summary: AJ Bell vs Hargreaves Lansdown
Although Hargreaves Lansdown works out to be generally more expensive than AJ Bell, it does have a strong track record for offering good customer service and offering support to users through its range of research tools and more general guides. AJ Bell's launch of investment app Dodl has helped open it up to a new audience looking for value and simplicity and it remains to be seen whether Hargreaves Lansdown intends to develop a similar strategy.
For more detailed insight, read our AJ Bell review and Hargreaves Lansdown review.
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