Hargreaves' Vantage welcomes 20,000 new clients in three months

As one of the largest offerings in the space, Vantage was expected to be a big winner from changes introduced as a result of the Retail Distribution Review, which some analysts said would create millions of ‘orphan' clients who would instead select a direct route. The number of active Vantage clients increased by 20,000 in the three months to 30 September, to 520,000, compared with a net increase of 7,000 in the corresponding quarter a year ago. The value of assets held within Vantage now stands at £37bn, up 8% from three months ago. Across the business as a whole, encompassing Hargre...