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Don’t give up on St James’s Place, Hargreaves Lansdown, Abrdn and Schroders just yet, says broker

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London’s wealth managers – the likes of Hargreaves Lansdown, Liontrust, Ashmore, Schroders and Abrdn – have had a tough time lately. The industry is facing huge structural issues, such as the shift towards cheaper passive funds and so-called alternative assets. Meanwhile, as interest rates have increased over the past year,…

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