Pre-tax profits at Hargreaves Lansdown, the UK-listed wealth management and financial advisory group, rose by 9 per cent to £39.8 million (around $62.4 million) in the six months to 31 December last year compared with the same period a year before, it said today.

Revenues rose by 14 per cent to £74.6 million in the same period, the firm said in a statement.

It logged net business inflows of £1.4 billion in the latest 6-month period, a year-on-year increase of 56 per cent.

Total assets under administration stood at £15.6 billion, a gain of 58 per cent.

In our first six months we have enjoyed substantial inflows of client funds and at the same time we have seen substantial new interest in the services we offer. During this time we have recruited 25,000 new clients (H1 2009: 17,000),” said Peter Hargreaves, chief executive.