Overview

• The 79-year-old co-founder is stepping down months after the £5.4 billion takeover completed in March.
• He keeps an estimated 10% stake and has offered to make his experience available as needed.
• Robert Hargreaves moves from board observer to director after previously working at the firm and at Blue Whale.
• Under the new owners, Bruce Hemphill serves as chair and Richard Flint is interim chief executive, with a permanent CEO yet to be named.
• Hargreaves Lansdown reports about £172–173 billion in assets and £119 million paid in dividends to its new owners, while facing rising competition, including JPMorgan’s planned entry and Robinhood’s expansion.