Business units

For management and reporting purposes, Hargreaves Lansdown’s operations are divided into three business units as follows:

Vantage

Vantage offers clients the administrative convenience of being able to hold and manage investments, irrespective of the tax vehicle, in one service with consolidated valuation reports and tax vouchers, a single dealing service and instant online access.

Hargreaves Lansdown offers a multi-channel service enabling clients to undertake transactions online, by telephone or by post.

Discretionary

The Discretionary business comprises the Hargreaves Lansdown multi-manager funds and PMS, the Group’s discretionary portfolio management service.

There are five Multi-Manager funds and they can either be held on an execution only basis within the Vantage service, or on a discretionary basis within the Portfolio Management Service.

Third Party/Other Services

The Third Party/Other services division includes activities relating to the broking of third party investments and pensions, certificated share dealing and other niche services such as currency, CFD’s and spreadbetting. In this division, client’s investments are not invested or administered within the Group.