<p>Hargreaves Lansdown has this morning backed a<strong> </strong>£5.4 billion equity bid from a consortium of private equity firms, including CVC Capital Partners, Nordic Capital and Platinum Ivy. Newspage asked IFAs and wealth managers whether this could impact investors or if it's business as usual. Their views are below.</p>

financial services

Hargreaves Lansdown agrees takeover

Hargreaves Lansdown has been an extremely successful business and has a premium offering in the DIY wealth management sector. The sector is growing fast and has quality recurring revenues so it's no wonder it's of interest to private equity groups. My concern is that fees which are already on the high side at HL, will rise further as the buyers look to cash in wherever they can. We may also see a deterioration in service. Private equity buyers tend to have a shorter term outlook and are first and foremost interested in getting their money back.

Philip Dragoumis

I have worked in financial services for over twenty five years, formerly advising institutions at investment banks such as HSBC and Merrill Lynch, and for the past eight years I have been advising private clients in the UK and internationally.  I am director, owner of Thera Wealth Management and am a CFP professional, as well as having completed a Masters in Finance at London Business School. 

Hargreaves Lansdown agrees takeover

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Philip Dragoumis

Director and Owner at Thera Wealth Management

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