Is Hargreaves Lansdown the UK's most profitable wealth management firm? 07:57 GMT Anyone seeking proof of just how profitable the UK wealth management sector can be should examine the most recent results posted by Bristol-based Hargreaves Lansdown.
Launched in 1981 Hargreaves Lansdown generated pre-tax profits of £108.1 million for the half-year to December 31 2015. More significantly however is its profit margin. At 63.92 percent this is probably the biggest enjoyed by any UK-based wealth management firm.
How family offices reward their top executives 07:57 GMT The highest propoportion of single family office CEOs are paid between £150,000 and £200,000 annually, a comprehensive survey of the industry shows.
Twenty-seven percent of top executives fell within that pay band. At the very top end, just over 18 percent of SFO heads got more than £300,000, according to data compiled by headhunters and pay researchers Agreus. It surveyed more than 200 SFOs for its research, believed one of the most comprehensive yet on compensation in the family office industry.
Nationwide appoints digital advice director 05/02/2016 Nationwide has plans to launch a digital strategy with the appointment of Chris Williams, former chief executive and founder of robo-adviser firm Wealth Horizon, to the role of digital advice director.