Halifax Share Dealing Explained

Halifax Share Dealing
Type:Subsidiary
Industry:Financial services
Founder:Halifax Building Society
Hq Location City:Leeds
Hq Location Country:United Kingdom
Area Served:United Kingdom
Products:Stockbroking
Owner:Lloyds Banking Group

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

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.

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,, 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

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

Awards[7] won by Halifax Share Dealing include:

Notes and References

  1. Web site: Halifax Share Dealing . Halifax.co.uk . 2009-12-14 . 2012-04-05.
  2. Book: Investors Chronicle. 13 October 2006. Financial Times Business Pub.. 47. en.
  3. Web site: Important Information. IWeb Share Dealing. 2020-04-25. 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. Web site: HBOS acquires IMIWeb UK . 6 June 2003 . Finextra Research . en . 2020-04-29.
  5. Web site: IWEB (UK) LIMITED - Overview (free company information from Companies House) . beta.companieshouse.gov.uk . 2020-04-29.
  6. Web site: Halifax Share Dealing reports significant increase in ISA registrations and trading. 4 April 2014. Lloyds Banking Group. 9 June 2017.
  7. Web site: Awards . Halifax.co.uk . 2009-12-14 . 2012-04-05 . https://web.archive.org/web/20110215110038/https://www.halifax.co.uk/sharedealing/important_information/hsdl_awards.asp . 2011-02-15 . dead .
  8. Web site: Halifax Share Dealing website . Halifax.co.uk . 2009-12-14 . 2012-04-05.
  9. Web site: MoneyAM Awards 2011 . Moneyam.com . 2012-04-05.
  10. Web site: Daily Telegraph Wealth Management Awards . Stockbrokingguide.com . 2012-04-05.
  11. Web site: What Investment Magazine . Whatinvestment.co.uk . 2012-04-05.

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