BlackRock has lifted its stake in Hargreaves Lansdown to over 5% as it backs the platform's share price to continue its meteoric rise.
Hargreaves Lansdown is planning to cut its Wealth 150 list down to as few as 30 funds as it looks to adapt to the new pricing world post-RDR.
Hargreaves Lansdown co-founder Stephen Lansdown has sold 5.5m shares in the wealth manager, bringing his stake in the company down below 20%.
Fund managers are starting to buy back into UK-listed large-cap miners, seeing valuations as too good to refuse as wider sentiment on the sector hits a "decade low".
Peter Hargreaves, the co-founder of Bristol-based Hargreaves Lansdown, has seen his wealth rocket to £1.5bn in the last year after shares in the business rose to an all-time high.
Hargreaves Lansdown has topped the FTSE 100 index in early trading after reporting record levels of assets under administration in its quarterly results this morning.
Hargreaves Lansdown has achieved record levels of assets under administration after attracting £4.7bn of new money in the three months to April.
The FTSE Small Cap index has risen sharply for ten consecutive months, but is there still value in the UK small cap space or should investors take profits and look elsewhere?
Hargreaves Lansdown has thrown its weight behind an Investment Management Association (IMA) initiative urging groups to display total fund costs in a simpler, clearer manner.
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