Hargreaves Lansdown is the UK's largest fund platform and remains a popular choice among UK investors. While it offers a good range of products, useful tools and excellent insight and research, investors should be aware that there are cheaper alternatives. In this article, we look at 5 best alternatives to Hargreaves Lansdown and give our views on which platform is best for a number of different investing scenarios.
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Alternatively, if you are happy to passively invest just in Vanguard funds then Vanguard Investor charges a platform fee of 0.15% per annum on investments up to £250,000 while over £250,000 there is no fee. That means that the maximum platform fee is £375 per year. However, you do not have the wide investment choice enjoyed by AJ Bell customers. Read our full Vanguard Investor review.
Summary
Hargreaves Lansdown* is a popular choice for UK investors and you only need to take a look at independent customer review site Trustpilot to see why. Many of the reviews are from loyal Hargreaves Lansdown customers who champion its user-friendly website and helpful staff. Dig a little deeper, however, and you will find that many of the negative reviews cite its fees as the reason for submitting their low score.
Hargreaves Lansdown is likely to be a good option for investors who prioritise service and efficiency. Those who are seeking the cheapest option and who are happy to spend a little more time investigating alternative options could be best served looking at the alternatives to Hargreaves Lansdown mentioned in this article.
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