Hargreaves Lansdown has posted pre-tax profits of £101.9m for the second of the year-ended 31 December 2014, down 2% compared with £104.1m a year ago.
The firm’s chief executive Ian Gorham said the fall in profits was caused by lower interest rates on client cash and reduced clients charges on the Vantage platform, announced last March.
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However, the Bristol-based broker’s assets under administration (AuM) increased to £49.1bn from £43.4bn at the end of December 2013.
Hargreaves Lansdown’s assets were boosted by net inflows of £2.25bn as it added 23,000 clients, taking its total to 675,000.
The firm said it will pay a dividend of 7.3 pence per share, a rise of 4% from the first half 2014.
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