Hargreaves Lansdown (HL) needs to "grow up" and "be more mature" with processes around compiling its Wealth 50 list of best-buy investments, according to its investor Baillie Gifford's Milena Mileva.
HL has come under fire for its recommendation of Neil Woodford's eponymous equity income fund, which was suspended in June after a liquidity crisis before its administrator said it would now be wound up....
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Main barriers revealed
'Alarming' performance differential
Mixed industry reaction to new appointment
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
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