|Bid||9.37 x 0|
|Ask||9.80 x 0|
|Day's range||9.27 - 9.27|
|52-week range||8.25 - 11.30|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
When Clive Page decided to semi-retire in 2016, he thought it would be an opportune moment to reassess his finances and open investment and pension accounts with low fees. For Hargreaves, this fee is up to 0.45 per cent a year.
Scrappy upstarts often run rings around established rivals. Welcome to the world of UK investment platforms. Within this, AJ Bell is seizing market share. Its future growth trajectory knocks bigger rival Hargreaves Lansdown’s into a cocked hat.
Hargreaves Lansdown has raised concerns over Lindsell Train’s risk management, warning that the fund group is not “sufficiently” assessing its investment decisions. The UK’s largest investment site said in a research note that it had found shortcomings in the “capabilities and resource” that Lindsell Train has for overseeing its investment teams and providing “effective challenge” to their decisions. Emma Wall, head of investment analysis and research at Hargreaves Lansdown, said: “At present, we don’t feel that the investment risk framework currently in place is sufficiently robust, nor that Lindsell Train have the correct capabilities, to provide strong independent oversight and challenge of the investment team.”
Customers of Hargreaves Lansdown say quality of service has plummeted after the broker started using bots instead of humans in a bid to cut costs.
Fund managers who had to battle a tough market in 2022, with investors looking to hold on to their cash amid recessionary fears and volatile stock markets, are now seeing a revival in investor sentiment as the global economic market stablises. Shares of the retail stock broker and fund manager were up about 4% at 834 pence by 0825 GMT. Hargreaves' asset retention of 89.1% was lower than the prior year as clients continued to withdraw cash during a period that saw the collapse of Silicon Valley Bank and Signature Bank.
Britain's biggest investment brokers have been accused of pocketing savings interest earned on investors' cash and failing to pass it on to customers.
British investment platform Hargreaves Lansdown reported a 31% jump in half-year profit on Wednesday, citing savers' efforts to boost returns in the face of a crippling cost of living crisis. The company benefited from robust growth in its retail unit Active Savings as clients poured more cash into their accounts, and its net interest margin rose helped by higher interest rates. "There is uncertainty and people want to make sure they are getting value from how they are managing their cash savings," Chief Executive Officer Chris Hill told Reuters.
Investors have nearly £20bn in funds delivering investment returns far below similar rivals.
FTSE 100 and European stocks extends falls amid rate uncertainties.
Just one in three high earners with household income above £100,000 are on track to afford a comfortable retirement lifestyle, Britain’s largest broker has warned.
A house price crash risks “crushing” homeowners’ long-term finances, as those banking on property wealth in retirement will see their later life resilience fall seven times further than those who rent, new analysis shows.
Single people are forced to spend £860 more a month on the cost of living than those in couples.
Savers have missed out on an estimated £6.8bn in interest payments because the big banks have failed to pass on full interest rate rises since December.
The chief executive of Hargreaves Lansdown has announced he will quit as investors continue to flee Britain’s biggest investment platform and as the company faces a multi-million pound lawsuit over its promotion of funds run by Neil Woodford.
(Reuters) -Hargreaves Lansdown said on Monday its Chief Executive Officer Chris Hill would step down after more than five years in the role. The British investment platform and digital wealth manager also issued a trading update two days ahead of schedule and reported assets under administration of 122.7 billion pounds ($138.41 billion) as at Sept. 30, down from 123.8 billion pounds at the end of June. Hargreaves and other wealth managers saw their assets under management rise after the COVID-19 pandemic took hold as lockdown savings and low interest rates drove up inflows, but are now witnessing a drop in assets on growth concerns due to the conflict between Russia and Ukraine.
Claim brought on behalf of initial 3,200 investors caught up in collapse of Neil Woodford’s equity income fund
Investment brokers are paying shareholders and pension savers “unfair” interest rates on cash balances as DIY investors struggle to fight off falling stock markets and the eroding impact of inflation on their wealth.
Annuities, which provide a guaranteed income in retirement, pay out the most in more than a decade.
Our time-tested methodologies were at work to help investors navigate the market well last week. Here are some of our accomplishments from last week.
Investors are hurriedly pulling their money out of the stock market as the supercharged returns driven by years of low savings rates and minimal inflation come to a halt.
Stock market investors have become increasingly anxious about the future of Hargreaves Lansdown ramping up bets against Britain’s biggest broker.
Hargreaves Lansdown offered a secret deal to a DIY investor who threatened to switch to a rival broker over expensive account fees, as Britain's largest investment broker faces increasing pressure to cut back its charges.
Hargreaves Lansdown Plc on Friday beat annual profit expectations helped by better cost management, sending shares in the British investment platform to a 2-1/2-month high. Last year Hargreaves battled soaring costs which hit its underlying annual profit and prompted it to launch strategic initiatives to manage costs efficiently. "This past year has seen a strong growth to our strategic execution... our focus in 2023 will be to continue delivering on these initiatives," CEO Chris Hill said in a media call.