Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter