Hargreaves Lansdown being sold to Abu Dhabi wealth fund
Britain's biggest stock broker is on the brink of a £5.4 billion take-over by a consortium spearheaded by private equity firm CVC Capital and Abu Dhabi's wealth fund. Bosses at Hargreaves Lansdown have told investors they would "be willing to recommend" such a deal if the suitors lay down a firm offer.
In layman terms what could this mean for my funds? I like the HL interface and have a reasonable amount invested via them but only one of their own funds. I'm tempted to go to another provider and open accounts with the providers of the funds I've invested in. Their dealer fee is high but other than that they have been fine especially for a relative novice like me
I doubt it means much for your fund. HL have plans to throw a few hundred million at upgrading the technology, which is well overdue and needed to capture the younger generations that are used to much better interfaces and workflows. Private equity is good at spotting transformation opportunities like that.
They're also relatively cheap compared to recent years and considering their dominance of the UK market (c 60%).
Putting family home to one side, how do you balance your savings portfolio between property, stocks/shares and cash (savings ac / term deposits)?
As an adviser I would usually say to leave your Cash deposits to one side (like your residential property) when thinking of your investment asset split.
How much anyone keeps back in Cash differs from person to person. General advice is to keep enough back for emergencies & to cover 3-6 months of usual monthly expenditure. But everyone is different and some want £10k in Cash deposits & others £50k.
Then anything above your Cash deposits can be used to invest, with the asset split for that money determined by your attitude to risk. Generally the more adventurous you are the more your have in Equities.
And it ends how we expected.well done to @TelMc32 and poor show from everyone as all of us guessed lower than it finished....... Charlton Fans pessimistic........ never!!
Thanks very much @Rob7Lee and well done all. Got home on Thursday morning, having had my right hip replaced on Tuesday afternoon. This magnificent win will be celebrated as soon as I don’t need crutches to stand up!!! 🤦🏻♂️😂🏆
Thanks very much @Rob7Lee and well done all. Got home on Thursday morning, having had my right hip replaced on Tuesday afternoon. This magnificent win will be celebrated as soon as I don’t need crutches to stand up!!! 🤦🏻♂️😂🏆
Comments
They're also relatively cheap compared to recent years and considering their dominance of the UK market (c 60%).
How much anyone keeps back in Cash differs from person to person. General advice is to keep enough back for emergencies & to cover 3-6 months of usual monthly expenditure. But everyone is different and some want £10k in Cash deposits & others £50k.
Then anything above your Cash deposits can be used to invest, with the asset split for that money determined by your attitude to risk. Generally the more adventurous you are the more your have in Equities.
That's a refreshingly honest admission from an IFA ;-)
I wish you a speedy recovery.
Really been on a terrible run since I got them
and £50 for Father in law.
£1375 over 5xmax
That's the 3rd time this year I've drawn a blank on 22k.
Last year I totaled £1275 I'm nowhere near that so far this year.
Wife nothing (50k)
Son nothing (33k)