Shares in Hargreaves Lansdown are down nearly a fifth this month, after the fall of Neil Woodford
, the billionaire co-founder of Hargreaves Lansdown , Britain’s biggest retail-investment platform, is a frequent commentator on subjects ranging from Margaret Thatcher’s legacy to regulation to Brexit . But he is keeping shtum about the biggest crisis to have struck the firm he and Stephen Lansdown started in Bristol in 1981. He no longer works athas been such a loyal backer of Neil Woodford, a fallen star fund-manager, that its fortunes are tied to him.
For a firm that under Messrs Hargreaves and Lansdown prided itself on slick marketing, its crisis-handling has been cack-handed. It does not look good that Mr Dampier and his wife sold £5.6m ofshares in May. Another poor bit of timing was sending customers out-of-date marketing material this weekend praising Mr Woodford with no mention of theIt will probably take more than that to drive lots of customers away.
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