Bestinvest vs Hargreaves Lansdown

Bestinvest vs Hargreaves Lansdown – Which is better for investing?

Table of Contents

For this comparison review, we’ll be looking at Bestinvest vs Hargreaves Lansdown (HL), two of the leading investment platforms in the UK.

We compare Bestinvest and Hargreaves Lansdown against a number of metrics to see which comes out on top. This includes investment options, investment advice, ethical offerings, products, customer feedback and, of course, fees.

As experienced investors, we at Generation Money know that expensive fees can really eat into your returns over time. In our comparison reviews we always cover costs in detail and it’s no different in this one as we look at which out of Bestinvest vs Hargreaves Lansdown is the cheapest for a range of investing needs.

Read our summary below, then read on for our full comparison of Bestinvest vs Hargreaves Lansdown.

Hargreaves Lansdown

The UK’s largest retail investment platform, Hargreaves Lansdown, is our winner for its wider range of products and investment options and competitive platform fees. You can invest in bonds and gilts and open a Lifetime ISA, which you cannot do with Bestinvest.

For most customers, its platform fees are cheaper than Bestinvest too – although it does have higher dealing fees.

It also has a great app and recently launched the HL Ready-Made Pension Plan which is one of the best options on the market for a fully managed pension within a SIPP. Its Ready-Made Pension Plan is low-cost and avoids dealing charges.

Bestinvest

Bestinvest is still a great choice for ready-made portfolios, as it has a broader range to choose from and its Smart portfolios are much cheaper than any on offer with HL. 

It also has the best investment search tool and an easy-to-use, well designed app. But, it’s lacking a Lifetime ISA and does not offer bonds or gilts to invest in.

One of its best benefits, though, is that it offers customers free, unlimited financial coaching. Bestinvest is also one of the best established platforms in the UK as it’s part of Evelyn Partners who’ve been operating for over 180 years.

Read on for our full Bestinvest vs Hargreaves Lansdown comparison, or use the links below to jump straight to a particular section.

Bestinvest vs Hargreaves Lansdown: At A Glance

Here’s a quick overview of Bestinvest vs Hargreaves Lansdown in case you don’t want to read the whole comparison.

The table below looks at the key features compared against each other.

BestinvestHargreaves Lansdown
Fees / Platform ChargesFunds, Investment Trusts, ETFs and Shares:
Up to £250,000: 0.45%
£250,000 – £500k: 0.20%
£500k – £1m: 0.10%
£1m+: No charge

Ready-Made Portfolios and US Shares:
Up to £500,000: 0.20%
£500k – £1m: 0.10%
£1m+: No charge

See Fees section below for more, inc. dealing fees
Holding funds:
Up to £250,000: 0.45%
£250,000 – £1m: 0.25%
£1m – £2m: 0.10%
£2m+: 0%

Holding shares:
Fund & Share Account: No charge
Stocks & Shares ISA: 0.45% (capped at £45 per year)
SIPP: 0.45% (capped at £200 per year)

See Fees section below for more, inc. dealing fees
Minimum Investment£50 for all account types, £100 minimum investment for funds£1 to open Fund & Share Account (GIA), £100 minimum investment for funds
£100 for ISA & SIPP, unless regularly depositing £25+ per month
ProductsStocks & Shares: ISA & JISA
Investment Account
SIPP (Pension), Junior SIPP
Bare Trust, Discretionary Trust
Personal Financial Advice and Free Financial Coaching
Stocks & Shares: ISA, JISA, LISA
Fund & Share Account / GIA
SIPP (Pension), Junior SIPP
Cash ISA, Active Savings
Personal Financial Advice
Foreign Currency Exchange
Ready-Made Portfolios19 (5 Smart Portfolios, 10 Expert Portfolios, 4 Direct Portfolios)5 (4 growth and 1 income)
Ready-Made Portfolio Fees0.32%-1.354%
Platform fees above apply on top
0.88%-0.97% 
Platform fees above apply on top
Ethical Portfolios/Funds2 ready-made sustainable portfolios
Access to ESG funds
Access to ESG ETFs
Other Portfolios/FundsBest Funds List
Spot the Dog
HL Select
Wealth Shortlist
DIY PortfolioYesYes
Share DealingYesYes
Interest Paid On Uninvested CashYesYes
FSCS ProtectionYes (except funds outside the UK)Yes (except funds outside the UK)
Trustpilot reviews4.44.1
OffersN/AUp to £1,000 cashback when you transfer an ISA or investment account. Terms apply.
Up to £3,500 cashback when you transfer a SIPP. Terms apply.

What is Bestinvest?

Bestinvest is a full-service investment platform which offers DIY investing, ready-made portfolios and personal financial advice services.

Launched in 1986, Bestinvest is part of Evelyn Partners who have been operating for over 180 years in the wealth management space.

With over 100,000 clients and more than £50bn in assets under management, Bestinvest is one of the leading retail investment platforms in the UK. It’s also won a number of industry awards for its products and innovation.

What is Hargreaves Lansdown?

Established more than 40 years ago, Hargreaves Lansdown is one of the largest retail investment platforms in the UK.

It styles itself as the UK’s No.1 investment platform for private investors with over 1.7 million clients and £120bn in assets under administration.

Bestinvest vs Hargreaves Lansdown: Fees

Let’s look in more detail at the all-important costs for Bestinvest vs Hargreaves Lansdown.

Both platforms charge annual account fees as well as dealing fees on the investments you buy and sell with them. For platform fees, both Bestinvest and Hargreaves Lansdown charge on a tiered structure which depends on how much you have invested with them:

BestinvestHargreaves Lansdown
Platform FeesFunds, Investment Trusts, ETFs and Shares:
Up to £250,000: 0.45%
£250,000 – £500k: 0.20%
£500k – £1m: 0.10%
£1m+: No charge

Ready-Made Portfolios and US Shares:
Up to £500,000: 0.20%
£500k – £1m: 0.10%
£1m+: No charge

Annual SIPP fee subject to minimum charge of £120
Holding Funds in a Stocks & Shares ISA, SIPP, GIA):
Up to £250,000: 0.45%
£250,000 – £1m: 0.25%
£1m – £2m: 0.10%
£2m+: 0%

Holding Funds in a LISA:
Up to £1m: 0.25%
£1m-£2m: 0.10%
Over £2m: No charge

Holding Shares, ETFs, Investment Trusts & Bonds:
Fund & Share Account: no charge
Stocks & Shares ISA: 0.45% (capped at £45)
SIPP: 0.45% (capped at £200)
LISA: 0.25% (capped at £45)
Actively Managed Portfolio Management Fees0.32%-1.54%
Platform fees above apply on top
0.88%-0.97% 
Platform fees above apply on top
Trading / Share Dealing FeesNon-US Shares, ETFs and Investment Trusts: £4.95

US Shares: 0.95% FX fee

Funds: Free
Dividend reinvestment: Free
Regular investing: Free
Shares, ETFs and Investment Trusts dealing fee based on number of deals in prior month:
0 – 9: £11.95
10 – 20: £8.95
20+: £5.95

Funds: Free

FX charge of 0.25%-1% on overseas shares
Regulated Financial AdviceInvestment advice: £295 inc. VAT

Portfolio health check: £495 inc. VAT
Investment advice: 
Up to £1m: 1%
£1m+: 0%

Financial Planning:
Up to £200k: 2%
£200k – £1m+: 1%
Over £1m; 0%

Both subject to min. charge of £495 for advice over the phone, £1,495 for in-person. VAT in addition.

Which is the cheaper platform for you will depend on the amount you have to invest and the type of accounts you want out of a Stocks and Shares ISA, JISA and SIPP.

You’ll also have to factor in how often you plan to deal, as Bestinvest’s dealing fees are cheaper than Hargreaves Lansdown’s no matter the product or investment. 

At Generation Money we’ve done the maths for you, so here’s what you need to know on platform fees for different investments and products with Bestinvest compared to Hargreaves Lansdown (as at Jan-24). 

Holding funds:

Bestinvest charges a minimum of £120 per year for their SIPP which makes it less competitive for holding under £10k of investments in it.

Due to Bestinvest’s minimum of £120 per year for its SIPP it means for under £26,667 in funds (mutual funds/unit trusts), HL’s SIPP is cheaper.

Holding between £26,666 and £250k in funds costs the same in platform fees with either Bestinvest or HL for all account types.

For more than £250k in funds, though, Bestinvest is cheaper. Neither provider charges dealing fees on funds.

Holding shares, ETFs, investment trusts and bonds:

Holding shares in a GIA is free from platform fees with Hargreaves Lansdown. So, as long as you’re happy holding shares outside an ISA, Hargreaves Lansdown is the cheaper option than Bestinvest for any amount of investment in shares.

For a Stocks and Shares ISA, Hargreaves Lansdown is cheaper than Bestinvest if you hold more than £10k in UK shares, ETFs, investment trusts or bonds. For under £10k, they’re the same.

Bestinvest prices US shares differently, so up to £22,500 in US shares in a Stocks and Shares ISA is cheaper with Bestinvest. Above this, HL is cheaper.

For US shares held in a SIPP, holding up to £100k is cheaper with Bestinvest. Above £100k and HL is the lower cost platform.

Of the two platforms, only Hargreaves Lansdown offers a Lifetime ISA.

Ready-Made Portfolios

For ready-made portfolios, ongoing underlying charges vary depending on which portfolio you prefer from either platform.

There are two charges to be aware of – the underlying portfolio charge and the platform fee charged on top. For ready-made portfolios, Bestinvest’s platform charges are lower than HLs (see table above), with a fee of 0.20% on up to £500k whereas HL charges 0.45% on up to £250k and 0.25% on £250k-£1m.

Bestinvest’s Smart Portfolios range in underlying charges from 0.32%-0.35%, which are significantly lower than HL’s, which range from 0.88%-0.97%. Overall, Bestinvest’s ready-made Smart portfolios are typically much cheaper than HL’s equivalent offering.

Both Bestinvest and HL also offer ranges of their own actively managed funds. As they’re actively managed they come with higher underlying charges. These cover a host of investment themes and aims, so it’s down to you whether you think they’re suitable for you.

Winner: Bestinvest

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Bestinvest vs Hargreaves Lansdown: Products & Accounts

Both Bestinvest and Hargreaves Lansdown offer a good range of products and accounts. Each provider offers a Stocks & Shares ISA, JISA, GIA, SIPP and Junior SIPP.

However, Hargreaves Lansdown also offers a Stocks & Shares Lifetime ISA (LISA) and Cash ISA, so it has a wider range of products. Your investment options within each type of account are broadly similar across both platforms, with thousands of shares, funds, investment trusts and ETFs to invest in. Below we look at each product type in turn.

Bestinvest vs Hargreaves Lansdown: Stocks & Shares ISA

A Stocks and Shares ISA is one of the most popular investment accounts in the UK. It’s a product which allows you to invest up to £20,000 per year without being subject to any income or capital gains tax. 

Both providers allow you to invest in their full range of shares, ETFs, funds and investment trusts through a Stocks and Shares ISA. Ultimately, there are more investments with Hargreaves Lansdown’s ISA as they offer bonds and gilts to invest in, which Bestinvest doesn’t. 

Cost is an important factor when choosing an ISA. Holding shares, ETFs and trusts is cheaper with HL if you have over £10k compared to Bestinvest. However, larger amounts of funds – over £250k – is cheaper to hold in a Bestinvest Stocks and Shares ISA. 

But, Bestinvest’s dealing fees are cheaper than HL’s, and the cost saving can really add up if you intend to deal frequently.

Winner: Hargreaves Lansdown for range of investments and holding shares, Bestinvest for large fund portfolios and cheaper dealing fees.

Bestinvest vs Hargreaves Lansdown: SIPP

Self-Invested Personal Pensions (SIPPs) are a great tax-efficient way of saving for your retirement. They’re also very flexible and can hold a wide range of investments.

Bestinvest and Hargreaves Lansdown each offer their full range of investments for SIPP customers. With HL, this includes bonds and gilts too – which you cannot invest in with Bestinvest.

Hargreaves Lansdown also offers a Ready-Made Pension Plan which means you don’t need to pick investments yourself, and experts at HL will rebalance the portfolio for you as you near retirement age (currently 55, but increasing to 57 from 2028).

Bestinvest, however, has 19 ready-made portfolios that you can choose from to invest in if you want a hands-off SIPP. So, you get more choice with ready-made investments through a Bestinvest SIPP, but they won’t be automatically rebalanced as you approach retirement as with an HL SIPP.

So, we give the edge to Hargreaves Lansdown for its Ready-Made Pension Plan and the ability to hold bonds and gilts, but Bestinvest is a good option if you want a wider choice of ready-made portfolios.

Winner: Hargreaves Lansdown

Bestinvest vs Hargreaves Lansdown: General Investment Account

A General Investment Account (GIA) or, as Hargreaves Lansdown calls it, a Fund and Share Account is a standard investment account that has no tax advantages. 

There are no limits to contributions but you must usually declare any gains or income received from investments in this type of account for tax purposes. Most people should only consider opening one after having maxed out your annual ISA allowance.

Both Bestinvest and Hargreaves Lansdown offer a GIA and with it you’re able to invest in their full ranges of investments.

All other aspects of opening a GIA with either Bestinvest or HL are the same as with their other accounts – customer service, investment apps, and so on. So, for us, which is better really comes down to investment choice and pricing.

If you want to invest in bonds within a GIA then HL is the winner as Bestinvest doesn’t offer bonds. On the other hand, Bestinvest has more choices for ready-made portfolios.

On price, HL is cheaper for holding shares but Bestinvest is cheaper for holding larger amounts in funds. Bestinvest also has lower dealing fees.

Winner: Hargreaves Lansdown for investing in bonds and shares, and for under £250k in funds. Bestinvest for ready-made portfolios and frequent dealing.

Bestinvest vs Hargreaves Lansdown: Junior ISA

We’ve reviewed a huge range of Junior ISA providers here at Generation Money and Hargreaves Lansdown is our number one overall. It charges no fees at all – including zero dealing fees – and offers a wide range of investments.

Read more about why HL is our top pick in our guide to the Best Junior Stocks and Shares ISA providers.

But, if you want more choice of ready-made portfolios then Bestinvest has 19 on offer vs only 4 with Hargreaves Lansdown.

Winner: Hargreaves Lansdown

Bestinvest vs Hargreaves Lansdown: Lifetime ISA

If you want to open a Lifetime ISA then Hargreaves Lansdown is your winner, as Bestinvest doesn’t offer them. 

Hargreaves Lansdown’s annual charges are competitive too at 0.25% on shares, ETFs, investments trusts and bonds (capped at £45 per year) and 0.25% on your first £1m of funds invested.

Winner: Hargreaves Lansdown

Bestinvest vs Hargreaves Lansdown: Cash ISA & Savings

Although Bestinvest pays interest on any uninvested cash you hold in your accounts with them, they don’t offer any savings products. Currently, Bestinvest pays 4.35% as of January 2024.

Hargreaves Lansdown offers two main savings products – a Cash ISA and its Active Savings account. In its Cash ISA, you won’t pay any tax on interest earned. The sayings accounts within HL’s Cash ISA are provided by external banks, all of which are regulated and have FSCS protection. 

There’s a good range of savings options with Hargreaves Lansdown, and if you like the idea of having your investments and savings accounts all with one provider then Hargreaves Lansdown is a great choice.

Winner: Hargreaves Lansdown

Bestinvest vs Hargreaves Lansdown: Investment Options

As two of the largest investment platforms in the UK, it’s no surprise that Bestinvest and Hargreaves Lansdown offer a huge selection of individual assets to invest in, which we look at next. 

Shares, Funds and Bonds

There are thousands of shares, Exchange Traded Funds (ETFs), investment trusts and mutual funds (unit trusts) to choose from with both providers. 

The funds on offer include those from big name asset management companies such as Blackrock, Schroders and abdrn. Popular ETFs, such as those which track the S&P 500 Index, are also available so there’s plenty of choice to put together your own portfolio.

One major difference in offerings is bonds and gilts. Hargreaves Lansdown has hundreds of corporate bonds and gilts to invest in, whereas Bestinvest doesn’t offer them at all. You may have to deal in bonds over the phone with HL, though, as not all are available for online dealing. 

Winner: Hargreaves Lansdown

Ready-Made Investments

Hargreaves Lansdown and Bestinvest both offer ready-made portfolios to invest in. There are 5 to choose from with Hargreaves Lansdown – 4 focused on growth and one 1 focused on income. The growth portfolios are divided by risk and it’s up to you to choose which to invest in.

Bestinvest has 19 ready-made portfolios to choose from. These include 5 ‘Smart’ portfolios which are low-cost risk-based portfolios made up of ETFs, 10 ‘Expert’ portfolios which are actively managed and 4 multi-asset ‘Direct’ portfolios which are also actively managed. 

We look at how a sample of Bestinvest’s Smart portfolios have performed compared to robo-advisors further on in this comparison. As we discussed above under the Fees section, Bestinvest’s ready-made Smart portfolios are quite a lot cheaper to hold than Hargreaves Lansdown’s, as they have lower underlying fund costs.

Bestinvest’s Expert portfolios seek to make returns by investing in a diverse range of funds, with investment decisions made by fund managers. These come with higher underlying charges.

The 4 Direct portfolios offered by Bestinvest are also actively managed but have a mandate to invest in individual companies’ shares, rather than just funds. This means the risk is higher, but so is the potential return.

Overall, Bestinvest has more ready-made portfolios to choose from and has a range of Smart portfolios which are much cheaper than Hargreaves Lansdown’s.

Winner: Bestinvest

Bestinvest vs Hargreaves Lansdown: Ethical Portfolios & Funds

If you’re looking for ethical or sustainable ready-made portfolios then neither Bestinvest or Hargreaves Lansdown has much on offer. 

Bestinvest has two sustainable ready-made investment portfolios – Sustainable Cautious Clean and Sustainable Adventurous Clean. Hargreaves Lansdown currently doesn’t offer any.

However, you can search for funds and ETFs that are Environment, Social and Governance (ESG) friendly with both platforms. Bestinvest’s superior search tool gives it the edge here, too, as it’s easy to filter and narrow down results when searching for funds.

For more details on ethical investing, read our guide to the best ethical stocks and shares ISAs.

Winner: Bestinvest

Bestinvest vs Hargreaves Lansdown: Performance

Hargreaves Lansdown’s ready-made portfolios only launched in March-23 so they don’t have historical performance to compare against so far. To get a sense of the past returns with other funds available at Hargreaves Lansdown, you can view their investor factsheets and research on their website.

On the other hand, Bestinvest’s ready-made portfolios have a few years of performance data. Below, we’ve compared a selection of Bestinvest’s portfolios against some of the main robo-advisor platforms in the UK:

Bestinvest PortfolioBestinvest 2022 PerformanceMoneyfarm 2022 PerformanceNutmeg 2022 PerformanceWealthify 2022 Performance
Defensive-3.54%-7.51% (Portfolio 1)-8.60% (Portfolio 1)-11.2% (Cautious)
Balanced-6.29%-7.4% (Portfolio 4)-13.2% (Portfolio 5)-10.3% (Confident)
Maximum Growth-11.74%-10.1% (Portfolio 7)-9.6% (Portfolio 10)-9.10% (Adventurous)

Bestinvest outperformed the other 3 robo-advisors in its Defensive and Balanced portfolios, but underperformed on its riskier Maximum Growth portfolio. You can read more about ready-made investments in our guide to the best robo-advisors in the UK.

Winner: Bestinvest, due to the lack of performance data with Hargreaves Lansdown

Bestinvest vs Hargreaves Lansdown: Research, Tools and Advice

So, we’ve looked at costs, investment options and performance so far in our Bestinvest vs Hargreaves Lansdown comparison. Now it’s time to look at the research, tools and advice each platform offers.

Research & Tools

You can see from each platform’s website that they work on producing lots of investing content and guides. These are particularly helpful if you’re a beginner as they explain the basics of investing.

Hargreaves Lansdown regularly produces investment idea articles, with specific companies profiled due to their potential for their share price to go up. These are put together by experts at HL and can be useful if you’re looking to build a portfolio for the first time. HL is clear, though, that these articles do not constitute investment advice, so the risk is entirely your own if investing in any of the companies they mention.

Similarly, Bestinvest has a wealth of information on their website (and in their app), including some of the more bespoke investment products, such as trusts and SSAS pensions.

In our view, Bestinvest has the best investment search tool of any of the major platforms, including HL’s. 

Bestinvest's search tool in its app

It’s easy to filter on the types of funds or investments you’re looking for and narrow or broaden your search. It looks pretty, too.

Winner: Bestinvest

Bestinvest vs Hargreaves Lansdown: Financial Advice

HL’s advice service is much more expensive than Bestinvest’s, so if you’re on a budget then you’ll prefer Bestinvest. 

That said, we cannot evaluate how good the advice is that you’ll receive as it varies widely and based on your unique situation. 

But, both platforms will connect you with a qualified and regulated financial advisor. This gives added peace of mind, as if anything goes wrong you may be able to complain to the Financial Ombudsman Service who make binding decisions on disputes between financial companies and customers.

Bestinvest also offers free and unlimited financial coaching with one of its advisors. Coaching is different to advice as it’s a general overview of the types of investments you could consider. It does not result in a personalised recommendation of what you should do.

Winner: Bestinvest

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Bestinvest vs Hargreaves Lansdown: Which Has The Better App?

The ability to check your investments and trade from your phone is an important feature for many. So, you’ll be pleased to know that both platforms have invested in producing very good investment apps.

You can’t fund your Bestinvest account through the app so you will need to do this using its online platform before you can invest through the app. It’s a shame that funding and trading from the app isn’t seamless

With HL, however, you can fund and invest directly through the HL app:

Dealing in the Hargreaves Lansdown app

You can also read HL’s latest research and news articles directly in the app. 

In our view, Bestinvest’s app is better looking and easier to use despite not being able to fund your account through it. You’re also doable to book a free coaching call within the Bestinvest app:

Free coaching in the Bestinvest app

Winner: Hargreaves Lansdown for seamless investing, Bestinvest for ease of use.

Read more about the best investment apps in the UK in our guide.

Bestinvest vs Hargreaves Lansdown: Is My Money Safe?

Both Bestinvest and Hargreaves Lansdown are regulated by the Financial Conduct Authority (FCA) and have Financial Services Compensation Scheme (FSCS) protection.

This means that if either company were to go bust, your money would be protected up to the value of £85,000 by the regulator. 

Some of the funds offered by Bestinvest and Hargreaves Lansdown are located outside of the UK and may not be covered by FSCS protection. You should check the Key Investor Information Document of any funds you choose to invest in, which is available online with both platforms.

The savings accounts offered by Hargreaves Lansdown are held with a range of different banks, each of which is regulated by the FCA and the Prudential Regulation Authority (PRA), and have FSCS protection. 

Both Hargreaves Lansdown and Bestinvest segregate client money from their own using custodian accounts held with secure 3rd parties. These also fall under FSCS protection.

Both platforms are well-established and have decades of experience managing investments and client assets.

Overall, when comparing safety between Hargreaves Lansdown vs Bestinvest, they are evenly matched, and they’re both just about as safe as it gets for investment platforms in the UK.

Bestinvest vs Hargreaves Lansdown: Pros & Cons

We’ve summarised our Bestinvest vs Hargreaves Lansdown comparison into the main pros and cons of each investment platform below.

Bestinvest Pros & Cons

Bestinvest Pros

  • Minimum investment of only £50
  • 19 ready-made portfolios suitable for a range of investing needs, including two sustainable ready-made portfolios
  • Regulated financial advice at a great price
  • Thousands of investments to choose from across funds, shares and bonds
  • Cheaper dealing fees than Hargreaves Lansdown
  • Wide range of products to choose from, including the main ISA and SIPP accounts
  • Fully customisable portfolios
  • Interest on uninvested cash, currently 4.35% (as at Jan-24) with FSCS protection
  • The best investment search tool on the market
  • Lots of suggested funds lists to help you get started investing
  • Offers more specialist services such as SSAS pensions and trusts
  • Lots of research and info such as Bestinvest’s well known Spot the Dog guide to underperforming funds
  • FCA regulated and FSCS protection

Bestinvest Cons

  • More expensive to hold shares in a GIA than it is with Hargreaves Lansdown
  • No Stocks & Shares LISA
  • No Cash ISA
  • Must fund your account through its online platform before being able to invest through the app

Hargreaves Lansdown Pros & Cons

Hargreaves Lansdown Pros

  • Huge range of investments, including bonds and gilts which Bestinvest doesn’t offer
  • Cheaper than Bestinvest for holding shares in a GIA
  • Lots of content and guides to help you with your investing journey
  • Ready-Made Pension Plan is great for a SIPP as it rebalance your portfolio as you get closer to retirement age
  • Offers more products than Bestinvest, including a Cash ISA and Stocks & Shares LISA
  • Lower platform costs than Bestinvest for most ISA and SIPP customers
  • Fully customisable portfolios
  • Active Savings account brings together the best savings rates from a range of providers, all with FSCS protection
  • Seamless trading through its app
  • Foreign exchange services available
  • Log in to your account online and through the app
  • FCA regulated and FSCS protection

Hargreaves Lansdown Cons

  • No ready-made sustainable/ethical portfolios, unlike Bestinvest
  • Offers regulated personal financial advice, but it’s expensive
  • More expensive for holding funds than with Bestinvest for larger amounts of investment (over £250k)
  • Higher minimum investment for its ready-made portfolios and its SIPP (£100)

Bestinvest vs Hargreaves Lansdown: Final Verdict

For its greater choice of products and wider range of investments (including bonds and gilts which are not available with Bestinvest), Hargreaves Lansdown is our overall winner. Its pricing also compares well to Bestinvest for most customers.

HL’s SIPP, in particular with its Ready-Made Pension Plan, is also one of our top picks for the best SIPP providers.

Hargreaves Lansdown

Hargreaves Lansdown is our winner for its wider range of products and investment options and competitive platform fees.

Bestinvest is still a great choice for ready-made portfolios, as it has a broader range to choose from and its Smart portfolios are much cheaper than any on offer with HL. 

It also has the best investment search tool and an easy-to-use, well designed app. But, it’s lacking a Lifetime ISA and does not offer bonds or gilts to invest in.

Bestinvest

Bestinvest is still a great choice for ready-made portfolios, as it has a broader range to choose from and its Smart portfolios are much cheaper than any on offer with HL. Plus, it offers customers free, unlimited financial coaching.

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Our Winner

Hargreaves Lansdown has a wider range of investments and products, with low pricing.

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