Hargreaves Lansdown

The second quarter of 2015 proved to be as eventful as the first for the wealth management space, as M&A, bid rumours and restructurings continued to take the headlines.

Hargreaves Lansdown has agreed to acquire £370m of assets from J.P. Morgan Asset Management for an undisclosed amount, as the latter ceases to offer certain direct investments to individual clients.

UK wealth management firms would see more benefit from an interest rate rise than any other companies in the financial sector, according to research from Liberum Capital.

Hargreaves Lansdown has launched a low-cost retirement planning service aimed at filling the advice gap between Pension Wise and regulated financial advice.

Ben Yearsley has left his role as head of investment research at Charles Stanley Direct after less than three years.

Sterling jumped 0.6% against the US dollar this morning, on the news wages in the UK grew at their fastest rate since 2001 in the three months to the end of April.

Hargreaves Lansdown has launched six "ready-made" portfolios for non-advised investors, offering access to its £5bn multi-manager range for an ongoing fee below 2%.

As much as £400bn could be held in 'dinosaur' funds, according to Hargreaves Lansdown, as investor inertia sees cash left languishing in stagnant products.

Fund buyers are debating whether to sell out of the £4.4bn Newton Asian Income fund following the departure of Jason Pidcock, while asking if he can replicate his success at Jupiter.

Hargreaves Lansdown unveiled plans for a new non-advised service in its latest trading update, but its shares fell as it revealed rising costs including an FSCS levy of £4.6m