View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
October 12, 2017

Hargreaves Lansdown revenue increases 15% in Q1; AUM rises

British investment manager Hargreaves Lansdown has reported revenue of £104.1m for the first quarter ended 30 September 2017, a 15% increase compared to £90.5m in the same period last year.

Assets under administration (AUA) totalled £82bn at the end of September 2017, a 21% surge from £67.6bn a year ago.

Net new business rose to £1.54bn during the period from £1.11 the last year. The company attributed the growth to improved market sentiment, continued investment in digital marketing presence, and increase in client numbers.

The company gained 30,000 new clients during the period, increasing the number of total active clients to 983,000.

Hargreaves Lansdown CEO Chris Hill said:  “I’m pleased to report a solid start to the new financial year for net new business and revenue.

“We continue to place clients at the centre of what we do and our relentless focus on the level of service that we provide is enabling both existing and new clients to save and invest with confidence.”

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Private Banker International