The fund house has decided to stop offering FTSE equities and other non JPMorgan investments to direct individual clients and will no longer run its Sipp and Cash Isa. JP Morgan has announced that Hargreaves Lansdown has bought a client book of 7,000 investors with a combined £370mn of assets from JP Morgan Asset Management (JPMAM). The book accounts for 6% of the bank's direct client business. JPM is one of the world's largest asset managers, and its clients include many of Britain's biggest companies, including BP, Barclays, Royal Bank of Scotland (RBS) and Lloyds Banking Group.
JP Morgan has announced that Hargreaves Lansdown has bought a client book of 7,000 investors with a combined £370mn of assets from JP Morgan Asset Management (JPMAM). The book accounts for 6% of the bank's direct client business. JPM is one of the world's largest asset managers, and its clients include many of Britain's biggest companies, including BP, Barclays, Royal Bank of Scotland (RBS) and Lloyds Banking Group.