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Halifax Share Dealing

Halifax Share Dealing
Company typeSubsidiary
IndustryFinancial services
Founded1997; 28 years ago (1997)
FounderHalifax Building Society
Headquarters
Leeds
,
United Kingdom
Area served
United Kingdom
ProductsStockbroking
OwnerLloyds Banking Group
Websitewww.halifax.co.uk/sharedealing/

Halifax Share Dealing is a British online broker, allowing customers to buy and sell shares in UK and international companies across a range of markets. It is a subsidiary of the Bank of Scotland which itself is part of the Lloyds Banking Group.

History

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The firm was set up to manage the 7.5 million Halifax bank customers who were eligible for shares when the company went public in 1997. It dealt solely in Halifax shares before expanding in 1998 to offer a comprehensive service for retail customers to buy and sell shares in real time.[citation needed]

Halifax Share Dealing[1] was the first in the UK to offer a regular investment plan where customers can buy shares, known as ShareBuilder. Halifax Share Dealing has continued to expand, and now offers a Self Select Funds ISA (Individual Savings Account), a Self Select Stocks and Shares ISA, and a SIPP (self-invested personal pension). Its online research centre, Halifax Marketwatch, enables investors to research companies using a wide range of market information. The company also operates the iWeb online share dealing brand,[2][3] a legacy of HBOS's 2003 acquisition of the IMIWeb online brokerage from Sanpaolo IMI.[4][5]

Halifax Share Dealing is based in Leeds and, as of 2014, had more than one million customers. It is part of the Lloyds Banking Group, a British-based financial institution formed through the acquisition of HBOS in 2009 which provides UK retail, wholesale and international banking facilities, as well as insurance and investment services.[6]

Criticism

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The share dealing service receives mixed reviews in the media. Consumer magazine Which? praises the low platform fees but is critical of the dated web interface and poor security. Financial review site Boring Money has described the platform as ‘minimalist’ and expresses concern at the lack of two-factor authentication.

Awards

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Awards[7] won by Halifax Share Dealing include:

References

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  1. ^ "Halifax Share Dealing". Halifax.co.uk. 14 December 2009. Retrieved 5 April 2012.
  2. ^ Investors Chronicle. Financial Times Business Pub. 13 October 2006. p. 47.
  3. ^ "Important Information". IWeb Share Dealing. Retrieved 25 April 2020. Data Privacy: Your personal information will be held by Halifax Share Dealing Limited which trades as IWeb Share Dealing, part of the Lloyds Banking Group.
  4. ^ "HBOS acquires IMIWeb UK". Finextra Research. 6 June 2003. Retrieved 29 April 2020.
  5. ^ "IWEB (UK) LIMITED - Overview (free company information from Companies House)". beta.companieshouse.gov.uk. Retrieved 29 April 2020.
  6. ^ "Halifax Share Dealing reports significant increase in ISA registrations and trading" (PDF). Lloyds Banking Group. 4 April 2014. Retrieved 9 June 2017.
  7. ^ "Awards". Halifax.co.uk. 14 December 2009. Archived from the original on 15 February 2011. Retrieved 5 April 2012.
  8. ^ a b c d e f g h i j k l m n "Halifax Share Dealing website". Halifax.co.uk. 14 December 2009. Retrieved 5 April 2012.
  9. ^ "MoneyAM Awards 2011". Moneyam.com. Retrieved 5 April 2012.
  10. ^ "Daily Telegraph Wealth Management Awards". Stockbrokingguide.com. Retrieved 5 April 2012.
  11. ^ "What Investment Magazine". Whatinvestment.co.uk. Retrieved 5 April 2012.
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