Hargreaves Lansdown, a UK-based financial services firm, is planning to launch a new stock broking research arm.
The new equity research team will offer Hargreaves’ clients with analyst notes on stocks, and a house view, according to Investment Week.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Based in Bristol, the new team will report to a new head of equity research, a role which the firm is now recruiting.
Additionally, the new team will also offer buy/sell recommendations on UK shares.
Ian Gorham chief executive of the firm said the move comes as part of Hargreaves plans to expand its services in the funds space.
"HL Vantage is the direct to consumer investment supermarket in the UK, and this is a natural development of our service. It aims to provide our clients with the best combination of information and service on all the investments they choose to buy, whether funds, shares, passives, ETFs, or investment trusts," Gorham added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataHargreaves Lansdown’s stockbroking arm has reported an increase in income of 71% for the first half of the 2014 compared to the previous half year, hitting £18.3 million. It has seen its revenues grow substantially in recent months.
