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....
Main barriers revealed
'Alarming' performance differential
Mixed industry reaction to new appointment
Follows extended period of underperformance
Winning back consumer confidence
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%