Investment provider Hargreaves Lansdown (LON:HL) brought in £3.3 billion worth of new business in the four months to April 30th, helped by an increase in digital marketing and ongoing wealth consolidation on its platform.
Total new business for the year to date hit £6.6 billion, up from £5.6 billion last year, despite a 0.6 percent fall in market growth. Assets under administration stood at £88.8 billion as of 30 April. Year-to-date total revenue came in at £366.6 million, up 16 percent from the same period a year ago.
“Hargreaves Lansdown had another good tax year end, delivering strong net new business of £3.3 billion over the busiest time of our year and welcoming another 60,000 net new clients,’ Chris Hill, the group’s CEO, commented.
Shares in Hargreaves Lansdown are currently trading down 0.40 percent at 1,867.50 (0955GMT).
