Fylde coast stocks specialist breaks Â£7bn barrier
Blackpool-based stockbroker Hargreave Hale is celebrating reaching a Â£7bn milestone.
The Whitehills firm announced it has now got that figure in funds under management (FuM).
The investment manager has continued its growth trajectory over recent years which saw it exceed Â£5bn FuM in October 2015 and pass the Â£6bn mark in August 2016.
Last year, the firm moved its Blackpool headquarters to a new purpose built site, paving the way for expansion and a recruitment drive which has resulted in the appointment of more than 31 front and back office staff since the move.
Stuart Brookes, joint managing director at Hargreave Hale, said: “Â£7bn in funds under management is a significant achievement and owes much to our commitment to providing high calibre investment solutions, with a clear focus on helping clients achieve their personal investment objectives.”
The company provides discretionary investment management and stockbroking services to private clients, intermediaries, corporates, charities and trusts.
It now employs around 250 staff and has more than Â£7bn funds under management (Â£8bn in total AuM).
It has offices in Bangor, Carlisle, Lancaster, London, Norwich, Nottingham – Worcester and York.
In September last year, the Norwich office celebrated its first anniversary, attracting in excess of 250 clients.
The firm has been based in the area for 100 years and until June last year had operated from a number of offices until it moved into a purpose built 21,000 sqft building at Boardmans Way.