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Home Retirement

HL creates head of advice proposition role

May 8, 2023
in Retirement
0
HL creates head of advice proposition role



Platform Hargreaves Lansdown is on the hunt for a new head of its advice proposition.

A spokesperson said it is a newly created role warranted by the firm’s new advice and guidance strategy announced a year ago.

It is to sit alongside comparable roles on the platform’s Isa and Sipp propositions.

In a post on LinkedIn its financial advice director Richard Caldicott flagged up the opportunity.

He said: “We have exciting plans and are a totally unique business with really interesting clients to serve. We want to do things a bit differently.”

Caldicott was appointed to HL last August from M&G Wealth

The online advertisement describes the role as “a rare and exciting opportunity” to have an impact on the design of the HL’s advice proposition.

It adds the lead role will see the candidate drive improvements to the advice service for clients.

Job requirements are a record in proposition development, including digital proposition experience.

And significant knowledge and experience of financial advice services and wider knowledge of UK tax wrappers.

Also the ability to build and maintain positive relationships across the business where relevant.

In the latest market update today (4 May) HL reported net new business of £1.6bn in the first quarter of 2023.

Assets under administration are up 2.3% since 30 June 2022 to £127.1bn while active clients jumped to 1,768,000, an increase of 31,000.

Hargreaves Lansdown chief executive Chris Hill said: “I’m delighted that we have delivered a strong financial performance over the first half of the year, with year-on-year revenue growth of 20% and increasing both underlying and statutory profit by around 30%.

“Whilst challenging external conditions and low investor confidence impacted asset values and stockbroking volumes in the period, clients have benefitted from our diversified platform and we have progressed across all the strategic priorities that we set out a year ago at our Capital Markets Day.”

He added: “Our focus remains on engaging with clients and helping them to navigate the challenging backdrop.

“The progress we have made over this period is the direct result of the hard work of each of my colleagues and I would like to thank them for their ongoing efforts.”



Editorial Team

Editorial Team

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