Jasper Berens has announced that 370mn has bought a client book of 7,000 investors with a combined £ Hargreaves Lansdown of assets from JP Morgan Asset Management (JPMAM). The book accounts for 6% of the bank's direct client business. There will be no transfer charges as a result of the move. JP Morgan Asset Management Hargreaves Lansdown stated that the bank remained "fully committed" to its existing direct clients and the move was a reflection of "our decision to focus on our core strength in fund management".
Jasper Berens has announced that 370mn has bought a client book of 7,000 investors with a combined £ Hargreaves Lansdown of assets from JP Morgan Asset Management (JPMAM). The book accounts for 6% of the bank's direct client business. JP Morgan Asset Management Hargreaves Lansdown stated that the bank remained "fully committed" to its existing direct clients and the move was a reflection of "our decision to focus on our core strength in fund management".