Hargreaves Lansdown

Have you ever wondered just how much a financial advisor costs? Many people have a vague idea that they charge a small percentage of your assets under management (AUM) but few know the real details. In this article, we'll break down how financial advisors typically charge, and we'll also take a closer look at Hargreaves Lansdown, one of the UK's largest financial advice firms.
How do financial advisors charge?
There are three main ways that financial advisors charge for their services:

Percentage of assets under management (AUM): This is the most common way for financial advisors to charge. The advisor will typically charge a percentage of your AUM, which is the total value of your investments. The percentage charged will vary depending on the advisor and the services provided.
Hourly rate: Some financial advisors charge an hourly rate for their services. This can be a good option if you only need occasional advice or help with a specific project.
Flat fee: A few financial advisors charge a flat fee for their services. This can be a good option if you have a simple financial situation and don't need ongoing advice.

How much do Hargreaves Lansdown financial advisors charge?
Hargreaves Lansdown financial advisors charge a percentage of AUM. The percentage charged will vary depending on the level of service you require. Here is a breakdown of their fees:

Investment Management Service: 0.45% per year of your AUM
Financial Planning Service: £250 per hour
One-off Financial Advice: £500

Is Hargreaves Lansdown a good option for financial advice?
Hargreaves Lansdown is one of the largest and most well-respected financial advice firms in the UK. They offer a wide range of services, including investment management, financial planning, and one-off financial advice.
Their fees are competitive, and they have a good reputation for customer service. However, it's important to note that they are a for-profit company, so they may not always have your best interests at heart.
If you're considering using Hargreaves Lansdown for financial advice, it's important to do your research and compare them to other firms. You should also make sure you understand their fees and how they will be charged.
Call to Action
If you're looking for financial advice, it's important to do your research and find an advisor who is right for you. Hargreaves Lansdown is one of many options available, and it's important to compare their fees and services to other firms before making a decision.