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UK's Hargreaves Lansdown Hits Record For Assets Under Administration
Tom Burroughes
15 October 2013
UK-listed wealth management and advisory firm 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.