RDR a £39bn opportunity for Hargreaves Lansdown - Barclays

In a research note on the broker, Barclays said it could more than double its existing asset base if it successfully defends its current market share, and if its direct-to-consumer proposition Vantage benefits as expected from the proliferation of ‘orphan' clients created by RDR. Barclays based its figures on research published by Deloitte in November last year, which forecasted the size of the advice gap population created by RDR at up to 5.5 million consumers. Adviser exits and excessive fees for advice will drive investors down the self-directed route, it said, helping Vantage to p...