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.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter