Hargreaves' Dampier sells £620,000 stake

Dampier, one of the most widely-recognised figures in the industry, sold a total of 53,000 shares in his wife's name at a price of £11.72 per share on 24 October, according to a stock exchange filing. The sale has netted him £621,160, following a huge spike in the price of the shares. Hargreaves has been widely identified as one of the winners of the post-RDR world, particularly given the 'advice gap' emerging as advisers move to cater for higher net worth clients. Hargreaves' profits - and AUM - have soared in recent years, with its share price jumping to record highs as a result....