Hargreaves Lansdown, a UK-based investment manager, has posted profit before tax of £199m for the year ended 30 June 2015, down 5% compared to £209.8m a year earlier.
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Net revenue for the year rose by 1% to £294.2m from £291.9m a year ago.
The group also reported an 18% rise in assets under administration from £46.9bn to £55.2bn.
Net new business for the year was £6.1bn, compared to £6.4bn a year ago with market movement and other factors adding a further £2.2bn. Client assets have grown by over 51%, from £36.4bn in June 2013 to £55.2bn at 30 June 2015
For the year ended 30 June 2015, an additional net new 84,000 investors became clients, taking total active clients for Vantage and advised services combined to 736,000.
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By GlobalDataHargreaves Lansdown CEO Ian Gorham said: "The new freedoms have put pensions back on the public’s radar and helped us to a further 13% growth in clients and 18% in assets during the year; assets have now passed £55bn and client numbers are now approaching 750,000."
