Jupiter hands £60m investment trust business to Hargreaves Lansdown

Laura Miller
clock

Jupiter is handing its £60m investment trust savings and ISA businesses to Hargreaves Lansdown to administer, in a deal for an undisclosed sum.

Up to 5,000 retail clients representing £60m in assets under management will transfer from Jupiter to Hargreaves Lansdown. Jupiter is to withdraw from administering its retail investment trust savings and ISA schemes at the end of November. It has chosen Hargreaves Lansdown to provide investors with an option to transfer their holdings free of exit charges onto the HL Vantage Platform. The proposals apply to both ISA account holders and regular savers in the Jupiter investment trust schemes. Investors can choose an alternative regulated provider of their choice, though there w...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot