Platforum: Hargreaves will continue to dominate D2C market

Hargreaves Lansdown has been tipped to add the £3.5bn in assets needed to replace the revenues lost from its clean pricing model in just nine months by consultancy the Platforum as it continues to 'dominate' the D2C space.

Shares in the D2C platform fell 4% yesterday as investors reacted to a £8m revenue hit arising from its switch to an unbundled charging structure. While Hargreaves prices - starting at 0.45% per annum - were lower than analysts expected, the changes were not revenue neutral as previously assumed by analysts, prompting the sell-off. Hargreaves said it would need to add £3.5bn in assets over the next three years to make up for the revenue shortfall and an additional £9m hit caused by the end of legacy deals after the 2016 sunset clause kicks-in. However, with the D2C platform market ...