UK Wealth Manager Hargreaves Landsdown Logs Asset Increase

Tom Burroughes

17 April 2009

Hargreaves Lansdown, the UK-listed financial advisory and wealth management firm, said its assets under management and administration rose to £10.2 billion ($15.2 billion) at the end of March this year, compared with £9.9 billion at the end of December, although down from £11.1 billion from 30 June last year.

Total operating revenues in the latest three-month period rose to £32.8 million, a 10 per cent increase from the three months to the end of June last year, Hargreaves Lansdown said in a statement.

“The group has exhibited its ability to attract clients even when the financial services sector has been materially discredited,” said Peter Hargreaves, chief executive.