Peter Hargreaves takes aim at HL's strategy to offer hybrid advice

Eve Maddock-Jones
clock • 2 min read

Co-founder of Hargreaves Lansdown (HL) has called out the firm following a tough year, criticising its new advice protocol and unnecessary costs. In an interview with the Financial Times, Peter Hargreaves said the current board had "indulged in completely unnecessary irrelevant programmes, which have distracted the firm from its prime objective. "It is hardly surprising the shares have collapsed." In the past 12 months, the Bristol based firm has had its share price fall almost 40%, according to Refintiv data. Hargreaves, who is the biggest shareholder in the firm with a near 20...

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