View more on these topics

IFA of the Year

Hargreaves Lansdown wins the prestigious IFA of the Year award after a fantastic 2005 for the firm that specialises in both advisory and non-advisory work.

Judges were drawn to the more than doubling of profits year on year, from £6.7m to £14.5m, with turnover up from £42m in 2004 to £52m in 2005.

Funds under management have also increased from £3bn to £4.5bn and the firm believes it’s the largest UK broker of Isas and Peps, VCTs, Sipps and stakeholder pensions, insured group pensions and annuities.

The Bristol based firm now has 483 employees, with 54 registered individuals, and specialises in a range of areas such as investment research, fund management, investment advice and pensions advice.

Its deal to cease mortgage business and outsource to John Charcol has allowed it to focus more resources on core business.

HL has adapted easily to the depolarised world and has benefited from the reduction in number of IFAs with the demand for high quality advice ever increasing.

The judges commended HL for its work on the launch of its group Sipp and developments in preparation for A-day with marketing moving from a stakeholder to a Sipp focus through 2005.

HL’s Vantage platform now has £4.6bn invested on it and has been one of the success stories of the early fund supermarket propositions.

The firm has been at the heart of Government consultations through the year, speaking to the DWP, HMRC, Treasury and Turner Commission, and with leading industry commentators such as Tom McPhail and Mark Dampier it is easy to see why the judges thought the firm worthy of the IFA of the Year crown.

Winner – Hardgreaves Lansdown
2nd – AWD Chase de Vere
3rd – bairgie davis & Company Limited

Sponsored by Norwich Union

Recommended

Ingenious Asset Management recruits five new investment directors

Ingenious Asset Management has recruited Peter Clark, Paul Gibson, Keith Barrett, Gerald Slocock and Victoria Prendergast as investment directors from Singer & Friedlander.All five are senior investment professionals and have an average of over twenty years experience in the industry of building a portfolio management business. Ingenious Asset Management is the asset management business of […]

Preferred and SPML to merge operations in Lehman shake-up

Lehman Brothers has announced the amalgamation of two of its mortgage subsidiaries Preferred and SPML.All loan operations of the pair will be combined but both will retain the underwriting philosophies of the different brands and sales forces to service their particular fields. Lehman has yet to decide whether to combine the two offices.It has also […]

Easter replaces Tebbutt as Millfield chief executive

Millfield chief executive Paul Tebbutt has stood down as chief executive and as a director of Millfield with immediate effect. Former sales and marketing director Alan Easter has today been appointed chief executive.The board says it is continuing its discussions with various interested parties and is currently preparing an enhanced business strategy with a view […]

FSA bans ex-London Adventist chief

The FSA has banned the former chairman of the London Adventist Credit Union Dr Albert Alphonso Carlyle Waite from carrying out any regulated activity for credit unions after finding him guilty of “wilful and persistent disregard” of the its rules.

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment