Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

What Stephen Lansdown said day before news of £190m HL sale

Hargreaves Lansdown (HL) co-founder Stephen Lansdown paid Citywire a visit last week.

He talked about a range of subjects, from the state of the investment management industry to Channel-based boutique Ravenscroft, where serves as chair.

Lansdown also talked about HL, in which he still holds a major stake. He stressed that he had to be careful when discussing the holding as it is market sensitive information

The very next day it emerged Lansdown, who also chairs Bristol City, had sold a £190 million chunk of his holding, coincidently almost the same price PSG paid Barcelona for Brazilian superstar footballer Neymar…! 

This is what Lansdown had to say about the firm he famously founded alongside Peter Hargreaves from a spare bedroom in 1981, hours before the news of the sale broke. 

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 Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter