Hargreaves Lansdown, the UK-listed wealth manager and advisory business, said today that its adjusted pre-tax profit in the year ended on 30 June rose by 22 per cent year-on-year to £90.7 million (around $139.7 billion). The adjustment was for one-off new office costs.

The firm logged total net business inflows of £3.3 billion, surging by 65 per cent on a year before; total assets under administration rose by 47 per cent to £17.5 billion.

“48,000 new active clients have chosen our Vantage platform, taking the total number to 330,000. Net business inflows for the year were £3.3 billion, up 65 per cent on the prior year. Such organic growth has been made possible by the ever growing reputation we have in our market place, and the continued dedication and diligence of our staff who I thank for their continued valuable contribution,” said Peter Hargreaves, chief executive, who is resigning from the post this month but will remain an executive director.

As previously reported, Stephen Lansdown has resigned from his role as executive director of the firm.