Hargreaves Lansdown is set to fall out of the FTSE 100 after 12 years in the index, while Liontrust is likely to drop out of the FTSE 250.
In the latest FTSE Russell indicative quarterly review, the £3.3bn firm risks being eliminated after 12 years in the index, as the next smallest FTSE 100 stock is £3.5bn RS Group.
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Hargreaves Lansdown will likely be replaced by £4.6bn Intermediate Capital Group, a private equity investment firm, as the firm's stock has fallen 19.2% this year, while ICG's has risen 34.2%, according to data from Morningstar Direct.
Meanwhile, abrdn's Asia Dragon trust is set to enter the FTSE 250, with a market cap of £579.6m, after the trust merged with abrdn New Dawn earlier this month.
The trust will likely replace Liontrust, which has seen its stock price cut in half throughout 2023, following poor performance and its failed acquisition of GAM.
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Halfords Group, Hochschild Mining and Tullow Oil will also likely join the FTSE 250, while 888 Holdings, CAB Payments Holdings and CLS Holdings will be removed.
Since listing in July, CAB Payments has seen its share price collapse 79.4%, after the fintech firm issued a profit warning last month.
The rebalancing figures are based on data from 17 November, however the rebalancing will be decided by data from 28 November.
