View more on these topics

Stephen Lansdown sells £58m worth of shares in Hargreaves Lansdown

Hargreaves Lansdown co-founder Stephen Lansdown has made over £58m after selling a 2.86 per cent stake in the firm.

Lansdown, who co-founded the firm with Peter Hargreaves in 1981, sold 13,560,843 ordinary shares at 429p. The transaction leaves Lansdown with 95.5m ordinary shares, which represents 20.1 per cent of the shares in issue.

Lansdown stepped down from his role as non executive director earlier this year. Co-founder Peter Hargreaves also passed on his chief executive duties to Ian Gorham last month.

Recommended

1

AWD Chase de Vere duo leave in shake-up

AWD Chase De Vere marketing director Martyn Laverick and operations director Robert Organ are to leave the firm in a management shake-up which will see five new executive positions on the board.

Just Retirement buys systems firm

Just Retirement has acquired annuity systems provider The Open Market Annuity Service from Kerr Henderson as part of its strategy to invest in further development of the open market option.

1

Which? wants bigger fines for banks

Which? head of campaigns Louise Hanson has called for higher fines and increased naming and shaming of banks that fail to treat their customers fairly. Speaking at a Lansons fringe event at the Conservative conference in Birmingham this week, Hanson said banks should not receive discounts on fines for cooperating with the regulator. She said: […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Chris Finan FPFS 7th October 2010 at 6:29 pm

    A good business transaction indeed. I wonder how much of the profitability of the firm is based upon retained trail though from their platform especially for what is in the main non-advised business (advice actually costing more without the trail being taken into account if a “client” request it). Post Jan 2013 rules will certainly change that for new business.

    Not the last transaction of such a sort that I would anticipate in the near future for firms in a similar position . . .

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com