Hargreaves Lansdown plc (LSE: HL.) is a financial service company based in Bristol that sells funds and shares and related products via its website and through the post to retail investors in the United Kingdom. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The company was begun on the 1st of July 1981 by Peter Hargreaves and Stephen Lansdown who had initially traded from a bedroom, and was known as Quayshelfco 170 Ltd.
The company was first listed on the London Stock Exchange in May 2007, with the company's two founders then holding combined stakes equivalent to 80% in the business. In April 2009, Lansdown sold a stake of 4.7% for a sum of £47.2million to put towards the cost of building Bristol City FC's new football stadium, reducing his stake to 22.9%.
The company mainly operates under the Vantage brand. Available products under this brand include ISA, SIPP, PEP, and funds and share accounts.
The company also operates four multi-manager unit trusts each of which in turn own a share in a number of underlying funds.
As of the 16 of February 2012, the company has 21.4 billion pounds sterling of assets....