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IFA of the Year

Hargreaves Lansdown wins the prestigious IFA of the Year award after a fantastic 2005 for the firm that specialises in both advisory and non-advisory work.

Judges were drawn to the more than doubling of profits year on year, from £6.7m to £14.5m, with turnover up from £42m in 2004 to £52m in 2005.

Funds under management have also increased from £3bn to £4.5bn and the firm believes it’s the largest UK broker of Isas and Peps, VCTs, Sipps and stakeholder pensions, insured group pensions and annuities.

The Bristol based firm now has 483 employees, with 54 registered individuals, and specialises in a range of areas such as investment research, fund management, investment advice and pensions advice.

Its deal to cease mortgage business and outsource to John Charcol has allowed it to focus more resources on core business.

HL has adapted easily to the depolarised world and has benefited from the reduction in number of IFAs with the demand for high quality advice ever increasing.

The judges commended HL for its work on the launch of its group Sipp and developments in preparation for A-day with marketing moving from a stakeholder to a Sipp focus through 2005.

HL’s Vantage platform now has £4.6bn invested on it and has been one of the success stories of the early fund supermarket propositions.

The firm has been at the heart of Government consultations through the year, speaking to the DWP, HMRC, Treasury and Turner Commission, and with leading industry commentators such as Tom McPhail and Mark Dampier it is easy to see why the judges thought the firm worthy of the IFA of the Year crown.

Winner – Hardgreaves Lansdown
2nd – AWD Chase de Vere
3rd – bairgie davis & Company Limited

Sponsored by Norwich Union


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