Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Hargreaves Lansdown's Vantage director sells £125k shares in firm

Hargreaves Lansdown's Vantage director sells £125k shares in firm

Nick Marson, the director of Hargreaves Lansdown's Vantage platform, has netted over £125,000 after selling down part of his stake in the firm.

In an announcement to the stock market, Hargreaves said that the shares of a connected person to Marson, his wife, had been sold at a price of £12.52 per share.

Following the transaction Marson and his connected persons hold 619,821 shares in the firm, representing 0.13% of the shares in issue.

The move follows Hargreaves chief executive Ian Gorham's decision to exercise £8.4 million of options in the firm last month, although Gorham actually upped his stake in the business at the same time. In October head of research Mark Dampier made £620,000 offloading shares.

Since flotation in May 2007, shares in Hargreaves, which was founded by Peter Hargreaves and Stephen Lansdown (pictured), have risen by 482%, hitting a high of £12.72 a share earlier this year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter