- September 1, 2010 - UK's Hargreaves Lansdown Enjoys Profit Surge
Hargreaves Lansdown, the UK-listed wealth manager and advisory business, said today that its adjusted pre-tax profit in the year ended on 30 June rose by 22 per cent year-on-year to £90. 7 million (around $139. 7 billion).
- August 31, 2010 - Co-Founder Resigns As Executive Director From Hargreaves Lansdown
Stephen Lansdown has resigned from his role as executive director of Hargreaves Lansdown, the UK-based wealth advisory firm which he co-founded, and has been appointed as a non-executive director.
Under the provisions of the UK Code of Corporate Governance, Lansdown will not be considered independent due to his prior role as executive director.
His resignation comes after the announcement in April that fellow co-founder Peter Hargeaves would be stepping down from his position as chief executive on 2 September 2010.
- April 28, 2010 - CEO To Step Down From UK Wealth Advisory Firm
Hargreaves Lansdown, the UK-based wealth advisory firm, has announced that its chief executive and co-founder, Peter Hargreaves, is to step down in the autumn of this year.
Ian Gorham, who has been the firm’s chief operating officer since September 2009, will be appointed as deputy CEO with immediate effect, subject to the necessary regulatory approvals, and will become CEO once Hargreaves has stepped down, the firm said in a statement.
Prior to joining Hargreaves Lansdown Gorham had been with the accountancy and consultancy Grant Thornton since 2003, where he was a partner .
- April 16, 2010 - Assets, Revenues Rise At Hargreaves Lansdown
Hargreaves Lansdown, the financial advisory and wealth management firm, said its operating revenue across all business lines rose by 16 per cent in the nine months to end-March 2010, to £98. 4 million (around $151 million), compared with the same period a year before.
The value of the UK’s firm’s total assets under administration rose by 12.
- February 19, 2010 - UK IFA To Overhaul Remuneration Structure To Stay Independent
Hargreaves Lansdown, the UK-listed financial advisory and investment firm, is overhauling its advisor remuneration structure to retain its independent status under changes coming under the UK regulator’s Retail Distribution Review, Money Marketing reports.
Under the changes, the firm will pay its advisors a salary as well as charging clients a fee depending on their assets, the report said. The firm is aiming to have new contracts in place by April.
- February 10, 2010 - Pre-Tax Profits Rise At Hargreaves Lansdown
Pre-tax profits at Hargreaves Lansdown, the UK-listed wealth management and financial advisory group, rose by 9 per cent to £39. 8 million (around $62. 4 million) in the six months to 31 December last year compared with the same period a year before, it said today.
- October 21, 2009 - Market Rises Boost AuM At Hargreaves Lansdown
Hargreaves Lansdown, the UK-listed financial advisory and investment firm, said its total operating revenues from all divisions were £36. 1 million ($59. 4 million) for the quarter ended 30 September, an increase of 13 per cent from £32 million for the same period of 2008.
- September 3, 2009 - Changes At The Top Of UK's Hargreaves Lansdown
Stephen Lansdown has announced he will step down from his position as executive chairman at
Hargreaves Lansdown, the UK-listed financial advisory and investment firm.
He is making the move to split executive and chairmanship roles as part of a process to comply with corporate governance standards affecting listed firms, Mr Lansdown said in a statement. He will step down with effect from 1 December this year but remain on the firm’s board as an executive director.
- September 2, 2009 - Profits Rose Strongly At UK's Hargreaves Lansdown
Hargreaves Lansdown, the UK-listed financial advisory and investment management firm, said its pre-tax profit for the year ending on 30 June rose by 20 per cent year-on-year to £73. 1 million.
The firm’s operating profit margin has risen to 52.
- June 29, 2009 - UK Investment, Advisory Firm Gives Bullish Profit Outlook
The London-listed financial advisory and investment management firm, Hargreaves Lansdown, said revenues for the 11 months to 31 May were about 10 per cent ahead of those in the same period a year before and it expects to chalk up a pre-tax profit for the full year which will be at the top end of market expectations, currently £69. 1 million ($113. 6 million).
