Hargreaves Lansdown founder and executive director Peter Hargreaves says he did not expect Hargreaves Lansdown to be a FTSE 100 company for at least another three years.
The firm is set to be promoted to the FTSE 100 with a market capitalisation of £3bn. The firm was founded by Hargreaves and Stephen Lansdown in 1981 and the pair still own 52 per cent of the company.
He says: “I am in a daze. I thought that to outgrow some of the companies in the FTSE 100 would not be a realistic goal until 2014 but what has happened in markets has completely changed that. It is a fantastic testament to our model and our levels of service.”
Hargreaves Lansdown floated in May 2007 at 160 pence a share. The firm is currently trading at 645p a share.