Reports
UK's Hargreaves Lansdown Hits Record For Assets Under Administration
UK-listed wealth management and advisory firm Hargreaves Lansdown today announced it reached record levels of assets under administration at 30 September this year, reaching £39.3 billion ($62.8 billion), a gain of £2.9 billion over the three months to that date.
There was continued “strong growth” in assets, the firm said; it logged net new business inflows of £1.26 billion, compared with £550 million of inflows in the first quarter of this year.
Total active client numbers rose by 20,000 to 528,000, helping improve total revenues which rose to £77.9 million, against £68.7 million in the first quarter of 2013.
