Hargreaves, Schroders, Man Group: 3 Investment service providers to buy

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 Hargreaves, Schroders, Man Group: 3 Investment service providers to buy
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Highlights 

  • According to a new survey of over 2,000 retirees by the investment firm Abrdn Plc, nearly half of the retirees in the UK worry about running out of money in old age.
  • Individuals should seek advice on retirement plans from experts for a financially better retirement.

Retirement is a crucial stage in individuals’ life as it is the phase when people decide to leave the active workforce with sufficient funds to support their golden days. However, it is not the perfect picture, especially in the United Kingdom. According to a new survey of over 2,000 retirees by the investment firm Abrdn Plc (LON: ABDN), nearly 48% of the retirees in the UK worry about running out of money in old age.

In addition, around 78% have not taken any professional advice or guidance regarding retirement plans. Moreover, the survey points that retirees are more likely to take advice from friends and family to avoid the cost of advice.

According to financial planners, individuals should seek advice on retirement plans from experts for a financially better retirement. Also, people should start their investment journey early and have a diversified investment approach for long-term gains. Moreover, investors should keep track of companies operating in wealth management and advisory service providers and seek professional advice for better decision-making.

 Investment service providers listed on LSE

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Let us look at 3 FTSE listed advisory and investment management service providers and explore their long-term investment prospects:

Hargreaves Lansdown Plc (LON: HL.)

The company provides digital wealth management services for retail and institutional clients in the UK and Poland. Its total assets under administration were at £138.0 billion, up by 2% as of 30 September 2021. The company added 23,000 new clients, taking the active client base to 1,667,000.

Hargreaves Lansdown Plc closed at GBX 1,309.50 on 16 February 2022 with a market cap of £6,211 million.

Schroders Plc (LON: SDR)

The investment management firm provides advisory and consultancy services to large cooperate, high net worth individuals and retail clients. In addition, the firm is engaged in launching and managing equity and fixed income mutual funds. The company has a total asset under management (AUM) of £716.9 billion as of 30 September 2021, including a mutual fund AUM of £116.2 million and a wealth management AUM of £78.3 million.

Schroders Plc closed at GBX 3,270 on 16 February 2022, with a market cap of £7,391 million.

Man Group Plc (LON: EMG)

FTSE250 listed company provides long-only investment management services across different asset classes like equity, fixed income, currency, and real estate to its clients.

The company reported a net inflow of USD 5.3 billion, taking its total funds under management to USD 139.5 billion as of 30 September 2021. It reported positive client engagement and robust investment performance during the period. Also, the company intends to buy back shares worth up to USD 250 million, with the first tranche of buyback up to USD 125 million is currently in progress.

Man Group Plc closed at GBX 196.65 on 16 February 2022, with a market cap of £2,705 million.

Note: The above content constitutes a very preliminary observation or view based on industry trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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