Bristol-based Hargreaves Lansdown (HL), the UK’s biggest execution only (XO) wealth manager has 133,769 clients directly exposed and another 157,481 clients indirectly exposed to the LF Woodford Equity Income Fund (WEIF), according to information gleaned from a letter sent by Chris Hill, its chief executive to Mrs Nicky Morgan, the chairman of the House of Commons Treasury Select Committee.

This means that around 24 percent of HL’s client base had some exposure to WEIF.

The letter, which appears on the London Stock Exchange’s (LSE) Regulatory News Service (RNS), answers a number of detailed questions raised by Mrs...