Character groups of Hopf algebras can be used to conveniently describe several species of "series expansions" such as ordinary Taylor series, B-series, arising in the study of ordinary differential equations, Fliess series, arising from control theory and rough paths. These ideas are a fundamental link connecting Hopf algebras and their character groups to the topics of the Abelsymposium 2016 on "Computation and Combinatorics in Dynamics, Stochastics and Control". In this note we will explain some of these connections, review constructions for Lie group and topological structures for character groups and provide some new results for character groups. Our main result is the construction and study of Lie group structures for Hopf algebras which are graded but not necessarily connected (in the sense that the degree zero subalgebra is finite-dimensional).